ING Americas · 19 hours ago
Letters of Credit Vice President
New York, NY
Full-time
Hybrid
Mid, Senior Level
$168K/yr - $212K/yr
6+ years expING Americas is part of ING’s Wholesale Banking division, offering a variety of financial products and services to corporate and institutional clients. The Letters of Credit Vice President will oversee Trade Commodity Finance Operations, ensuring compliance with international trade regulations while managing all aspects of Letters of Credit transactions.
Financial Services
Responsibilities
The Letters of Credit Specialist will be responsible for the timely handling of all aspects of Trade Commodity Finance Operations and for the review, vetting and drafting of Standby and Commercial Letters of Credits, including, but not limited to the:
Issuance/Advising/Amending and Confirming of Letters of Credit
Process Transfers and/or Assignment requests
Reporting
Fee reconciliation and billing
Preparation, negotiation, and settlement of all Letters of Credit
Coordinate internal operational support including Risk Management, P&R, Treasury, and security settlement
Processing of payments on conforming documents
Maintenance of pending documentary presentation
Review and identify discrepancies in documents presented under Letters of Credit
Qualification
Required
Bachelor's degree in Finance, Accounting, Business, Economics, Mathematics, or closely-related quantitative field from an accredited U.S. school (or equivalent)
6+ years of relevant Letters of Credit experience
Banking Experience
Experience in Trade Commodity Finance Transactions
Proficiency with systems including SWIFT
Working knowledge of AML and OFAC Compliance regulations
Working knowledge of International Chamber of Commerce (ICC) rules, Uniform Customs and Practice for Documentary Credits (UCP600) and international Standby Practices (ISP98)
Familiarity with Uniform Commercial Code Article 5
Knowledge of LOAN IQ/KOMGO applications a plus
Strong problem solving and analytical skills
Strong focus on controls, procedures, quality, accuracy, and detail oriented
Self-motivated, confident, and committed to the company goals
Able to use MS-Office with advanced knowledge in Word, Excel, and Power Point
Capable to function under stressful conditions
Ability to multi-task
Flexible and learning capacity to adapt to ongoing changes
Client service oriented
Benefits
Comprehensive health benefits
A generous 401k savings plan
Competitive PTO
Adoption, surrogacy, and fertility services
Student debt assistance
Subsidies for expenses associated with working from home
Commuting, and fitness
Company
ING Americas
ING Americas offers a full array of wholesale financial products, such as commercial lending, financial markets and advisory products and services in the U.S.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Eduardo Gonzalez Arellano
Americas Chief Data Officer / Data Protecion Executive (DPE), Global WB COO Executive Data Steward
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