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Letter of Credit Specialist I

Company: M&T Bank
Location: Baltimore
Posted on: January 16, 2022

Job Description:

Positon is remote to start and will transition to a hybrid model at the Montgomery Park location.Overview:Processes and supports Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines to minimize risk to the Bank.Primary Responsibilities:

  • Process amendments of Commercial and/or Performance/Financial Standby Letters of Credit for customers in a timely and accurate manner.
  • Provide cross-training assistance for less experienced staff; provide management feedback on progress of cross-training efforts.
  • Participate as a member of letter of credit project teams as required.
  • Identify fraudulently presented items through use of International Trade Finance (ITF) policies, procedures and controls.
  • Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. - Identify risk-related issues needing escalation to management.
  • Promote an environment that supports diversity and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.Scope of Responsibilities:Supervisor/Managerial Responsibilities:Education and Experience Required:High school diploma or equivalent (GED) and a minimum of 3 years' work experienceStrong customer service skillsStrong verbal and written communication skillsEducation and Experience Preferred:International Trade Operations experienceCommercial lending experienceKnowledge of pertinent Bank systemsPhysical Requirements:N/ALocation

Keywords: M&T Bank, Baltimore , Letter of Credit Specialist I, Other , Baltimore, Maryland

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