Letter of Credit Transaction Vice President ID-4604

January 21, 2025

Are you excited to provide best in class client experience to our customer base, do you drive execution effectively and you enjoy taking on ownership of clients and the delivery of our product suite to them? You have found the right team!

As a Letter of Credit Transaction Vice President in the Commercial Bank. you are client facing and will team up with our Commercial bankers on relationship management and product delivery activities for our Standby Letter of Credit (SBLC) offering. You will provide consistent, high quality service to ensure excellent client experience. You will take on ownership of a complex product and are responsible for the end-to-end process.

You will directly interact with our customers, and gain in-depth insight into the workings of our internal teams, ., deal team leads, credit, legal, compliance and business management, relating to credit decisioning, product set up and product execution.

Job Responsibilities

Own a portfolio of clients and build strong relationships with our customers and internal banking teams dedicated to your portfolio.
Advise our Commercial Bank US customers and bankers around best practices on Letter of Credit structuring and set up.
Set expectations around product delivery and help our customers with the Letter of Credit execution by providing them with a smooth end to end product delivery.
Lead the Letter of Credit process and provide the clients with clear guidance and transparency on the process
Act as a trusted advisor to your respective portfolio for any Letter of Credit situations that arise.
Coordinate with various internal, cross regional teams such as Banking, Trade Finance, Credit, Legal and other functions to ensure efficient Letter of Credit execution.
Coordinate the Letter of Credit process across the Commercial Bank’s customer base during client onboarding, new facility set up and Letter of Credit issuance.
Consult with clients on new facilities, amendments to or cancellations of Letters of Credit.
Manage, oversee, and escalate for a broad range of topics, such as structuring, collateral, documentation and the complex implementations.
Know credit appetite and coordinate discussions when a new credit need arises including partnering with the Underwriter and Credit Teams to facilitate set up of Letters of Credit facilities, and Cash Collateral, if needed.
Engage with bankers on pricing discussions and guide for market levels and understand background for capital needs on Letters of Credit.

Required Qualifications, Capabilities and Skills

7+ years’ experience in Commercial banking, sales, operations, with Trade Finance / Letter of Credit experience
Proven ability to build and develop relationships. Willingness to build a strong internal network will be critical to success
Must possess strong verbal and written communications skills with the ability to adjust messaging for different audiences including our clients C-suite and their operations teams
Must be well-organized and structured with the ability to achieve tight timelines on complex deliverables
Experience in reviewing, understanding, and / or working with credit partners
Knowledge of Foreign Bank Guarantees
Experience working in or closely with front office Commercial Banking

Preferred Qualifications, Capabilities and Skills

Advanced skills with Microsoft Excel and PowerPoint
Creative thinker, driven to deliver best-in-class deal execution to our customers
Self-starter, creative and driven, to provide consistent, high-quality support to ensure excellent client experience
Experience working with SalesForce and workflow tools
Trade Finance or Letter of Credit sales experience

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Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

This is what this question poses: When do you focus and start working seriously? What are the hours you work optimally? Are you a night owl? A morning bird? Remote teams can be made up of people working on different shifts and around the world, so you won't necessarily be stuck in the 9-5 schedule if it's not for you...

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

When you're working on a remote team, there's no way to chat in the hallway between meetings or catch up on the latest project during an office carpool. Therefore, virtual communication will be absolutely essential to get your work done...

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

Many people want to work remotely because of the flexibility it allows. You can work anywhere and at any time of the day...

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

With this question, companies are looking to see what equipment they may need to provide you with and to verify how aware you are of what remote working could mean for you physically and logistically...

5. HOW DO YOU PROCESS INFORMATION?

Several years ago, I was working in a team to plan a big event. My supervisor made us all work as a team before the big day. One of our activities has been to find out how each of us processes information...

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

Or you may receive even more specific questions, such as: What's on your calendar? Do you plan blocks of time to do certain types of work? Do you have an open calendar that everyone can see?...

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

Just like your schedule, how you track files and other information is very important. After all, everything is digital!...

8. HOW TO PRIORITIZE WORK?

The day I watched Marie Forleo's film separating the important from the urgent, my life changed. Not all remote jobs start fast, but most of them are...

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

Just as communication is essential when working remotely, so is organization. Because you won't have those opportunities in the elevator or a casual conversation in the lunchroom, you should take advantage of the little time you have in a video or phone conference...

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

This is a great question because it shows your comfort level with technology, which is very important for a remote worker because you will be working with technology over time...

DISCLAIMER

Common Interview Questions And Answers

1. HOW DO YOU PLAN YOUR DAY?

2. HOW DO YOU USE THE DIFFERENT COMMUNICATION TOOLS IN DIFFERENT SITUATIONS?

3. WHAT IS "WORKING REMOTE" REALLY FOR YOU?

4. WHAT DO YOU NEED IN YOUR PHYSICAL WORKSPACE TO SUCCEED IN YOUR WORK?

5. HOW DO YOU PROCESS INFORMATION?

6. HOW DO YOU MANAGE THE CALENDAR AND THE PROGRAM? WHICH APPLICATIONS / SYSTEM DO YOU USE?

7. HOW DO YOU ORGANIZE FILES, LINKS, AND TABS ON YOUR COMPUTER?

8. HOW TO PRIORITIZE WORK?

9. HOW DO YOU PREPARE FOR A MEETING AND PREPARE A MEETING? WHAT DO YOU SEE HAPPENING DURING THE MEETING?

10. HOW DO YOU USE TECHNOLOGY ON A DAILY BASIS, IN YOUR WORK AND FOR YOUR PLEASURE?

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