City National Bank · 11 hours ago
International Letters of Credit Specialist
US-FL-Miami
Full-time
Hybrid
Entry, Mid Level
2+ years expCity National Bank is a financial institution seeking an International LOC Specialist responsible for issuing and managing letters of credit and providing support to clients. The role involves processing documentation, ensuring compliance, and collaborating with various stakeholders to facilitate international trade transactions.
BankingFinanceFinancial Services
Responsibilities
Responsible for processing, documenting, issuing, examining, authorizing the language and executing Commercial, Performance and Standby Letter of Credits
Responsible for reviewing export documentation against the Letter of Credit Terms. Monitor incoming funds received for export bills and instruct the negotiating/collecting Banks to take the necessary actions if payments are not received
Handles incoming and outgoing Documentary Collections
Prepares Bank correspondence on matters pertaining to confirmation, acceptance or rejection of Letter of Credits
Prepares renewals and increases for Letter of Credits
Provides guidance to internal clients pertaining to Letter of Credits
Examines and approves requests for EXIM Bank and other Insurance Policies
Performs OFAC checks against all names in Letter of Credit and Collection documentation
Reviews system enhancements for relevancy, usage, and impact (Special Project/Planning)
Works closely with other employees, managers, and clients in troubleshooting and researching issues to provide solutions
Performs other duties as may be assigned or required for efficient operation of the department
Performs audits and quality assurance testing to ensure proper controls in relation to Bank’s LC’s are in accordance with policies and procedures established by the Bank
Participates in cross-training duties and special projects
Handles information with strict confidentiality
Provides client service; performs research for timely resolve of client inquiries/complaints
Qualification
Required
2-4 years experience in collateral control (Accounting, Operations, Client Service), with extensive knowledge of residential and commercial loan documentation, Loan Collateral requirements and terminology
Broad PC skills (Word, Excel, Access, Outlook, and Internet) and use of office machines (calculator, facsimile, etc.)
Good mathematical skills required
Ability to handle high volume production; quick and accurate output
Able to work in a team environment
Accomplishment of goals, accuracy and regulatory compliance are critical functions of this job
Must have a strong working knowledge of general banking concepts including products and services
Excellent interpersonal skills to establish harmonious relationship with the clients
Strong managerial ability and expert knowledge of letters of credit, trade and banker's acceptances, foreign collections, foreign exchange and foreign currency
Bachelor's Degree in Business, Finance, or an equivalent combination of education and relevant professional experience, may be considered
Preferred
May include prior involvement in Commercial Lending in an International Banking environment
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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