We are seeking an experienced Standby Letter of Credit (SBLC) Specialist with over 5+ years of expertise in trade finance. The ideal candidate will possess a deep understanding of international trade and letters of credit, ensuring accurate and compliant execution of SBLC processes. This role requires exceptional communication skills, attention to detail, and the ability to manage complex deliverables within tight deadlines. This position is suitable for an Assistant Vice President (AVP) or Vice President (VP) role.
Key Responsibilities:
Serve as the primary point of contact for clients, managing the end-to-end SBLC process and ensuring smooth delivery.
Troubleshoot and provide guidance on complex SBLC cases, ensuring informed decision-making.
Collaborate with Commercial Bankers, project finance, leasing, internal teams, and cross-regional stakeholders to facilitate efficient SBLC execution.
Oversee issuance, amendments, and cancellation processes for Standby Letters of Credit, including evergreen extension and non-extension. Conduct daily, weekly, monthly, and quarterly checks, Start of day and End of day control, and reporting.
Manage SBLC invoice fee, and bilateral LC facility review, ensuring compliance with regulations and policies.
Review and provide subject matter expertise on LC verbiage, ensuring its workability and compliance with international standards.
Liaise with business stakeholders, legal, and compliance teams to facilitate seamless collaboration and alignment with organizational goals.
Perform thorough analysis and validation of LC terms to mitigate risks and enhance operational efficiency.
Maintain accurate records, ensuring documentation supports auditing and reporting standards.
Provide training to team members and stay updated on industry trends to ensure continuous improvement.
Address and resolve any exceptions or escalations related to the letter of credit process promptly and effectively.
Lead internal and external audits, ensuring timely responses and compliance.
Contribute to special projects such as process improvements or system enhancements.
Preferred Qualifications and Skills
Bachelor's degree or equivalent experience.
Advanced skills in Microsoft Excel and PowerPoint.
Proven expertise in trade finance and letters of credit.
Strong background in international trade.
Strong knowledge of ISP98, UCP600, and relevant publications is required.
CDCS certification preferred.
Excellent communication, collaboration, and organizational skills.
Ability to manage complex processes with a commitment to accuracy and compliance.
5+ years of experience managing or leading a team.
This position offers the opportunity to take ownership of the SBLC process, ensuring top-tier client service and operational excellence.
The expected base salary ranges from $75,000- $110,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
