Letters of Credit Officer Senior

LETTERS OF CREDIT OFFICER SENIOR

WHAT IS THE OPPORTUNITY?
The colleague will be responsible for delivering a high level of excellent service to clients through various channels for commercial trade finance clients. The colleague will be responsible for handling customer inquiries, all tasks associated with letters or credit such as but not limited to drafting, issuance, advising, document examination, payment, transfer, assignment of proceeds and providing issue resolution within the established guidelines, following the department's procedures and making sure delivery services are within the established service level agreement. The colleague will be responsible for providing prompt and courteous customer service to both internal and external customers.

WHAT WILL YOU DO?

• Responsible for the handling of Letters of Credit and Amendment Issuance. Commercial Letter of Credit Advising, Examine Letter of Credit Documents, Financing, Payments, Standby Letter of Issuance, Counter Standby Letter of Credit Issuance, Language Drafting and Other Trade Finance Products.
• Provide advice and direction on the operational aspects of Trade Finance to both internal and external customers with a high level of responsiveness.
• Adhere to all department policies and procedures to ensure all internal compliance, anti-boycott, OFAC, AML are complied with. Collaborate with internal and external parties to ensure compliance with legal requirements, government rules International Chamber of Commerce rules, and Internal policies and procedures are complied with.
• Resolve complex inquiries and customer service issues through full ownership and resolution. Make sound decisions while balancing risk with opportunity.
• Ensure that fees are collected and notification sent in a timely manner.
• Assist with adhoc projects and assignments.
• Responsible for drafting, issuing, advising, and examining documents presented under letters of credit to ensure that they are in strict compliance Bank policies, procedures, and International Standby Practices or Uniform Customs and Practice for Documentary Credits procedures and regulations.
• Provide comments to stakeholders and affiliates as appropriate regarding acceptable wording of Standby Letters of Credit.
• Responsible for processing export and import letters of credit transactions including drafting, issuing, advising, and examining documents presented under letters of credit to ensure that they are in strict compliance Bank policies and procedures, or Uniform Customs and Practice for Documentary Credits procedures and regulations.

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 5 years of experience processing letters of credit (standby or commercial)
• Minimum 3 years of basic computer experience required. (eg. Microsoft Word, Excel, Outlook, and Powerpoint.)
• Minimum 5 years of experience with Uniform Customs and Practice for Documentary Credits and/or International Standby practices

Skills and Knowledge

• Comprehensive knowledge of International Standby Practices and Uniform Customs and
• Practice for Documentary Credits is required.
• Excellent customer service, communication and interpersonal skills in order to interact effectively with clients and all levels of Bank personnel.
• Strong written and verbal communication skills.
• Strong analytical and problem solving skills.
• Ability to be detail-oriented and accurate in a deadline-driven, multitask-oriented environment.
• Good PC skills (e.g. Microsoft Office)
• Knowledge of Fusion Trade Innovation

Starting base salary: $28.58 - $45.66 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.