Description
Roles & Responsibilities:*Provide on-going technical support and guidance to the customer base (internal/external) relating to trade products according to the relevant ICC publications, International Standby Banking Practice and Anti-Money Laundering Regulatory Reporting.
*Responsible for the review, vetting, drafting of Standby Letters of Credit [SBLC] / Guarantee language (including Bid/Performance Bonds and Letters of Indemnity) that includes providing effective communication and feedback within the designated timelines.
*Processing of Letter of credit transactional activity that includes issuance, advising/confirming, amendment, examination of documents, payments, SBLC automatic reductions (Evergreen) auto-extend and fee/expense processing (billing and collection) using the various operating systems in accordance with defined customer specifications and department guidelines.
*Responding to routine inquires that includes performing the necessary investigations, ensuring timely resolution and the escalation of any issues to management that may potentially negatively impact the bank's risk and or reputation.
*Perform routine ad-hoc administrative functions inclusive of filing, scanning, end of day processes and archiving of cancelled files as directed in a timely manner.
*Be aware of and comply with all internal procedures and external regulatory/legal regulations or guidelines, Anti-Money laundering and boycott language for USA.
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