Type de contrat :
Permanent Contract

VP of DGO Operations

Modified on 02/05/2025

  • Lieu : NEW YORK - United States Of America
  • Secteur : Operations
  • Numéro de l'offre : 2025-100090

Job description

Summary  

 

 

Administration of the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit.  Ensuring daily workflow is properly processed and backup for approval and release of transactions.  Management of all associated reconciliation issues and management of front office relationship.

 

 

Key Responsibilities  

 

Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank’s credit/ compliance procedures.

 

Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.

 

Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.

 

Prepare and execute required letter of credit documents using LCMS, Microsoft Word, or ACBS, as needed.

 

Review daily maturity report to ensure action has been taken by Administrators, as applicable, for maturing transactions.

 

Approve transactions to record standby/commercial letters of credit activity in ACBS and LCMS, Swift Alliance  as required.

 

Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.

 

Ensure amendment notices/confirmations are completed and forwarded to clients or commercial group by the L/C Administrator.

 

Coordinate clearing/reconciling of open cash items and daily exceptions reported by the CBO Control Unit for L/C portfolio.

 

Ensure that Letters of Credit file contains relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.

 

Ensure timely disbursement of funds, as required for LC drawings, and record transaction through the Bank’s accounting system (ACBS) for accurate accounting and reporting.  

 

Produce outgoing SWIFT messages for LC transactions and manual wire transfers for payments, as required.

 

 

Review past due fee report for LC portfolio to insure accuracy and timely presentation for management reporting

 

 

 

 

Management and Reporting  

 

Provide support to and coverage for the DGO Team Leader

 

Positions Supervised:    None

 

 

 

Key Internal contacts   

 

Control & Reconciliation team

Various IT supports

International Trade and Transaction Banking (ITB) Front and Middle Offices

Compliance

Finance

 

 

Key External contacts

 

Clients, as required

 

Salary Range: $100k - $140k

#LI-DNI

  • Training / Specialization
    English languageCollege degree; Spanish language skills would be a plus
    Minimum of 10 to 12 years commercial and standby letters of credit experience – Experience with Commodity based clients.
    Minimum experience level
    11 years and more
    Skills needed
     Team player Good presentation skills Good writing skills Good time management skills Good and constructive interaction with clients and colleagues 
     Knowledge of UCP 600/ISP 98/URDG 758 Examination of all relevant trade finance documents Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others Knowledge of SWIFT Word/Excel proficiency  
    IT tools
     Capacity to develop others Capacity to delegate Capacity to cooperate / work across discipline Capacity to take on board the strategy of Credit Agricole CIB and participate in actions to deliver
     CDCS Certification Knowledge of ACBS Knowledge of Trade Innovations

  • About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. By working every day in the interest of society, we are a Group committed to diversity and inclusion and place people at the heart of all our transformations. All our job offersare open to persons with disabilities. For more information, please visit www.ca-cib.com Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/ By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.

Crédit Agricole CIB

Crédit Agricole CIB

VP of DGO Operations

Published the 02/05/2025

Type de contrat :
Permanent Contract
  • NEW YORK - United States Of America
  • Operations
  • 2025-100090

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