General information
Entity
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
By working every day in the interest of society, we are a Group committed to diversity and inclusion and place people at the heart of all our transformations. All our job offersare open to persons with disabilities.
For more information, please visit www.ca-cib.com
Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
Reference
2024-94832
Update date
21/11/2025
Job description
Business type
Types of Jobs - Operations
Job title
Letter of Credit Technician
Contract type
Permanent Contract
Management position
No
Job summary
Crédit Agricole CIB (CA-CIB) Canada is the home of Crédit Agricole CIB Canada Branch and Crédit Agricole Services & Operations.
The Canada Branch has offices in Montreal and Toronto providing financial services to Canadian Financial Institutions, Banks, Pension Funds & SSA and to large Canadian headquartered international corporations.
Crédit Agricole Services & Operations is hosting a part of all Crédit Agricole CIB’s support functions, from KYC, Back Offices, Risk, IT, Legal or Finance supporting our growing operations in the Americas and complementing our European and Asian operations platforms in a “follow the sun” approach.
When you join CA-CIB Canada, you are joining a certified Great Place to Work employer, and a highly engaged workforce.
Summary
The Letter of Credit Specialist is responsible for maintaining and processing the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit.
Key Responsibilities
- Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank’s credit/ compliance procedures.
- Review Draft Letters of Credit and coordinate any issues with client
- Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.
- Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.
- Prepare and execute required letter of credit documents using LCMS, Microsoft Word, or ACBS, as needed.
- Review daily maturity report to ensure action has been taken on applicable, for maturing transactions.
- Properly record standby/commercial letters of credit activity in ACBS and LCMS, Swift Alliance as required.
- Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.
- Ensure amendment notices/confirmations are completed and forwarded to clients or commercial group by the L/C Administrator.
- Coordinate clearing/reconciling of open cash items and daily exceptions reported by the CBO Control Unit for L/C portfolio.
Supplementary Information
- Ensure that Letters of Credit file contains relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
- Ensure timely disbursement of funds, as required for LC drawings, and record transaction through the Bank’s accounting system (ACBS) for accurate accounting and reporting.
- Ensure SWIFT messages for LC transactions are processed properly.
- Ensure all documentation for Documentary and Standby Letter of Credits are compliant. Escalate any compliance matters to both Management and Compliance.
- Review past due fee report for LC portfolio to insure accuracy and timely presentation for management reporting
Management and Reporting
Key Internal contacts :
- Control & Reconciliation team
- Various IT supports
- International Trade and Transaction Banking (ITB) Front and Middle Offices
- Compliance
- Finance
Key External contacts:
- Clients, as required
Position location
Geographical area
America, Canada
City
Montreal
Candidate criteria
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Level of minimal experience
6-10 years
Experience
Minimum of 5 years commercial and standby letters of credit experience
Required skills
- Team player
- Good presentation skills
- Good writing skills
- Good time management skills
Good and constructive interaction with clients and colleagues
- Knowledge of UCP 600/ISP 98/URDG 758
- Examination of all relevant trade finance documents
- Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others
- Knowledge of SWIFT
- Word/Excel proficiency
- Capacity to develop others
- Capacity to delegate
- Capacity to cooperate / work across discipline
- Capacity to take on board the strategy of Credit Agricole CIB and participate in actions to deliver
- CDCS Certification
- Knowledge of ACBS
- Knowledge of Trade Innovations
- Verbal and written communication skills in English and French required (You will need to service Anglophone clients and work with Anglophone colleagues)
Technical skills required
Languages
English, French
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