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Letter of Credit Specialist

Vacancy details

General information


Crédit Agricole CIB is the corporate and investment banking arm of Credit Agricole Group, the 12th largest banking group worldwide in terms of tier 1 capital (The Banker, July 2019). Nearly 8,400 employees 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 markets 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.

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Publication date


Job description

Business type

Types of Jobs - Finance / Accounting

Contract type

Permanent Contract

Job 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. 
  • 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.
  • 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





Key External contacts


Clients, as required


Position localisation

Geographical area

America, United States Of America



Candidate criteria

Minimal education level

High school / Secondary school / A levels / AS levels / IB

Academic qualification / Speciality

Desirable : College degree

Spanish language skills would be a plus

Level of minimal experience

11 years and more


Minimum of 15 years commercial and standby letters of credit experience

Technical skills required

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