Letter of Credit Manager
Core
Lead the Letter of Credit (LC) department, overseeing end-to-end processing of documentary and standby LCs, managing risk, and delivering client-focused service.
Role type
Senior management IC trade finance manager
Builds
Documentary and standby Letters of Credit, amendments, and payments
Domain
Banking / International Trade Finance
Required skills
LC issuance and advising, amendment processing, payment execution, compliance checks (OFAC, AML), UCP 600/ISP98/URR 525/URC 522 knowledge, team leadership, performance management, process improvement, stakeholder liaison, financial metrics reporting, system enhancement projects
Preferred skills
None stated
Technologies
Loan IQ, SWIFT, Microsoft Excel, Microsoft Word
Responsibilities
Lead and mentor the LC team; oversee issuance, advising, confirmation, and payments of LCs; review and approve high-value/complex transactions; serve as escalation point for disputes; maintain accurate processing and daily reconciliations; oversee compliance with anti-boycott, OFAC, and AML policies; monitor departmental financial metrics; represent the department in cross-functional meetings; identify operational inefficiencies; provide strategic guidance to clients
Seniority
Senior, hands-on IC with management responsibilities