General information
Entity
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)
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 2021). Nearly 8,600 employees across Europe, the Americas, Asia-Pacific, the Middle East and 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.
For more information, please visit www.ca-cib.com
Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
Reference
2020-51347
Update date
01/10/2020
Job description
Business type
Types of Jobs - Operations
Job title
Letters of Credit Specialist
Contract type
Permanent Contract
Job summary
Summary
The Letters of Credit Specialist is responsible for administrative tasks necessary to support the bank’s standby and commercial letters of credit portfolio, specifically the issuance, confirmation, and advising standby and commercial letters of credit.
Key Responsibilities
• Ensure that letter of credit transactions are in conformity with customer and issuing bank’s instructions, UCP Publication 600/ISP98, Credit Agricole credit and regulatory procedures • Ensures the timely processing of sensitive transactions and reports to management any unusual or intricate transactions requiring review, discussion and or approval
• Provide assistance/support to customers and corporate groups on technical aspects and practices of letters of credit
• Enter transactions for standby/commercial letters of credit in ACBS
• 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
• Maintains up to date file containing copy executed letter of credit, amendments and supporting documentation
• Ensure timely disbursement of funds, as required, and the processing of transactions through Credit Agricole systems for accurate accounting
Key External contacts
Issuing Banks
Customers
Compliance and Regulatory Contacts
Position location
Geographical area
America, United States Of America
City
NEW JERSEY
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
Desirable:
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
Technical skills required
Knowledge of UCP 600/ISP 98
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
ACBS proficiency
Tiger application skill
Desirable:
CDCS Certification
Languages
English
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