Standby Letters of Credit (SBLC) Loans

eClerx • New York, NY

3h • $75,000 - $100,000 • Hybrid

About The Position

eClerx is seeking an experienced Trade Finance professional responsible for the
processing and management of Standby Letters of Credit (SBLC) and Documentary
Letters of Credit in accordance with international trade regulations such as UCP
600 and ISP98. The role involves coordinating with internal stakeholders and
clients, ensuring compliance with regulatory and bank policies, reviewing trade
documentation, and supporting efficient transaction processing while maintaining
strong risk controls and operational accuracy.

Requirements

• Excellent communication skills (verbal and written).
• Strong organizational and analytical skills with the ability to multi-task
• Banking operations experience with knowledge of Trade Finance and Working Capital products. Particularly in Documentary Trade and SBLC
• Strong knowledge of UCP 600, ISBP, and international trade practices.
• Accounting knowledge related to: deals booking and reconciliation
• SWIFT Knowledge (MT7xx messages) & Industry Trade Finance systems (e.g. Trade Innovation)
• Organized and rigorous attention to detail with a control-oriented mindset
• Ability to drive innovation and continuous improvement in compliance processes.
• Strong quantitative skills; proficient in data management and production of management reports and executive summaries
• Bachelor's Degree or equivalent work experience

Responsibilities

• Responsible for the efficient and accurate processing of Standby Letter of Credit aligned with the Uniform Customs and Practice for Documentary Credits (2007 Revision (UCP600) or International Standby Practices (ISP98) , in line with the Bank Policy and Procedures
• Ensure that process controls are performed in accordance with SLA, as well with Bank Policy and Procedures
• Liaison between Front Office, Back Office, Clients and other internal Stakeholders. Answering or channeling questions to ensure the timely processing and accurate reporting of Trade and GTB products.
• Examination of documents (SBLC and Commercial Letters of Credits)
• Ensure compliance with regulatory requirements
• Ensure Letter of credits deals meet internal and external compliance requirements (AML, Anti-Boycott) and credit risk policies.
• Ensure that LC Documents prepared properly and distributed efficiently
• Review and execute LC drawdown requests to ensure transactions comply with LC provisions
• Monitor transactions in identifying risks and reporting risk incidents in a timely manner and provide/ implementing mitigation strategies

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level