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Letters of Credit Specialist

Vacancy details

General information


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.

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Job description

Business type

Types of Jobs - Operations

Job title

Letters of Credit Specialist

Contract type

Permanent Contract

Job 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


Compliance and Regulatory Contacts





Position location

Geographical area

America, United States Of America



Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Level of minimal experience

6-10 years


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


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

CDCS Certification