Global Banking & Markets Operations - Letters of Credit, Associate, Dallas/New York

Location: New York, NY, United States; office locations in New York and Dallas.

Salary: $80,000–$135,000 base annually, plus potential discretionary bonus.

Company

Global financial services firm providing investment banking, securities, and investment management services to corporations, financial institutions, governments, and individuals.

What you will do

• Review credit agreements, deal documents, and letter of credit drafts to support the structuring of obligations as issuing bank.
• Review counter-standby letter of credit drafts and communications with correspondent banks.
• Coordinate the review process with business desks, internal and external legal counsel, applicants, beneficiaries, and correspondent banks.
• Review daily reports, letter of credit issuances, and applicable Reg W, Reg O, and OFAC checks.
• Handle complex standby letter of credit inquiries and mitigate risks associated with the product offering.
• Suggest process improvements, contribute to strategic product and platform projects, and train colleagues as a subject matter expert.

Requirements

• Bachelor's degree and more than 3 years of financial services experience.
• In-depth knowledge of ISP98 and UCP 600.
• Ability to work in a fast-paced environment with competing priorities.
• Excellent communication and client service skills.
• Strong organizational and analytical skills with keen attention to detail.
• Proficiency with Microsoft Office Suite, particularly Excel and PowerPoint.

Nice to have

• Experience in loan servicing or operations.
• Knowledge of URDG 758.

Culture & Benefits

• Collaborative environment focused on solving problems for clients and communities.
• Training and development opportunities and firmwide professional networks.
• Benefits, wellness, personal finance, and mindfulness offerings for eligible US employees.
• Reasonable accommodations are available during the recruiting process for candidates with special needs or disabilities.