Job Description:

MANAGER, TRADE FINANCE, LETTER OF CREDIT & CREDIT ADMINISTRATION Top International Bank - Midtown NYC (Grand Central Station area)Compensation: $115K-125K + Bonus + Excellent, Comprehensive BenefitsApply: Qualified candidates, please email resume to for immediate consideration#tradefinance #letterofcredit #UCP600 #documentatyletterofcredit #KYC #swift Responsibilities:Receive LCs sent by our correspondent, checks signature and prepares the required advices. Log and check LCs into Suspicious Activity Report. Stamp and initial once background checks are completed. Check for Boycott Issues on issuance of letters of credit.Receive documents drawn under LCs a second checker, check documents and set up worksheet for negotiation, along with communications with the beneficiaries andor freight forwarders. Also performs investigation on vessels stated in Transport Documents. Perform investigation of beneficiary and applicant of Documentary Credit into Suspicious Activities Report.Prepares offering tickets and SWIFT messages for issuance of guarantees through our Head Office and international Branch. Logs and checks guarantees into Suspicious Activities put SWIFT messages for payments, claims and inquiries.Maintain and reconcile all excel ternal processing of guarantee commissions due on quarterly and annual basis.Attend to other functions assigned by the Department Head.MANAGERIAL FUNCTIONS:Manage all complex LC related referrals from colleagues, stakeholders and clients.Ability to review legal documentation and ensure it meets operational Standby LC requirements.Ensure Facility Letter documentation and necessary security documentation is completed in a timely manner and drawdownissuance is achieved within client's expected timescales.Ensure that the Bank's KYC and Sanctions polices are strictly adhered to.Reviewprepare LC Applications with the client for submission to LC department for processing.Reviewnegotiate LC Language with the client, taking into consideration the terms of the applicable credit teract with the client, deal teams and LC teams from start to close to final execution of municate the invoicing of LC Fees to client.QUALIFICATIONSSKILLS:Bachelor's Degree7+ years LC experience including a strong knowledge of UCP 600 regulations, the Letter of Credit product, particularly bank guarantees and ability to review loan documentation7+ years of experience in loan LOC operations7+ years of bankingfinance industry experienceBasic knowledge of block check cd distributed ledger technologiesTRADE FINANCE, LETTER OF CREDIT & CREDIT ADMINISTRATION MANAGERTop International Bank - Midtown NYC (Grand Central Station area)Compensation: $115-125K + Bonus + Excellent, Comprehensive BenefitsApply: Qualified candidates, please email resume to for immediate consideration