Letters of Credit Officer Job Listing at City National Bank in Los Angeles, CA (Job ID 11920)

Description

LETTERS OF CREDIT OFFICER WHAT IS THE OPPORTUNITY? To perform all tasks related to Letters of Credit, including drafting, issuance, advising or examining documents in an accurate and timely manner; this may apply to International Standby letters or Commercial letters of Credit. WHAT WILL YOU DO?

• Timely execution of requests from clients with respect to issuing, amending Letters of Credits, Including drawdowns, rollovers, wire transfers, and investigations.
• Second Check all incoming Trade documents. Notifying clients or agents of discrepancies and following up with appropriate action.
• Ensure compliance with all LC Industry standards (UCP600) and (ISP98) and regulatory requirements including all KYC verifications for Letter of Credit clients and beneficiaries.
• Ensure the accurate set-up and maintenance of static and transactional data on all Bank Systems and databases relating to client, sanction, and L/C information, via monthly review of discrepancy and balance reports.
• Ensure that fees are collected and notification sent in a timely manner.
• Assist with adhoc projects and assignments.
• International Standby Letters:
• 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.
• May draft and process Standby Letters of Credit draws and notifying clients if document/s not in compliance.
• Provide comments to line officers, offices and Affiliates as appropriate regarding acceptable wording of Standby Letters of Credit.
• For Commercial Letters:
• 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.

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• 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

Additional Qualifications

• 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 MISYS TI Plus Trade Processing System is a plus.

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $25.93 - $41.43 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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