Overview:
Processes and supports intermediate complexity Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines to minimize risk to the Bank.
Primary Responsibilities:
- Complete issuance's and advisement's of intermediate Commercial and/or Performance/Financial Standby Letters of Credit for customers in a timely and accurate manner.
- Complete document examinations and transfers of Commercial and/or Performance/Financial Standby Letters of Credit.
- Interpret legal documentation associated with intermediate letter of credit transactions.
- Provides 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 belonging 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:
Bachelor's degree, or in lieu of a degree, a combined minimum of 4 years’ higher education and/or work experience
Detail-oriented
Strong customer service skills
Strong verbal and written communication skills
Education and Experience Preferred:
International Trade Operations experience
Commercial lending experience
Knowledge of pertinent Bank systems
Physical Requirements:
N/A
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $25.55 - $42.59 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Bridgeport, Connecticut, United States of America