Full-Time

VP – Manager

Letters of Credit

Confirmed live in the last 24 hours

Northern Trust

Northern Trust

10,001+ employees

Consulting
Fintech
Financial Services

Compensation Overview

$97.8k - $166.4kAnnually

+ Bonus

Expert

Miami, FL, USA + 1 more

More locations: Chicago, IL, USA

The job may involve some in-office work, but specific details on the number of in-office days are not provided.

Category
Commercial Banking
Finance & Banking

You match the following Northern Trust's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • A College or University degree and proven work experience is required.
  • 10+ Years of experience working with Standby Letters of Credit.
  • 10+ Years of experience issuing, amending and paying Commercial Letters of Credit. Specifically, including the checking of documents presented for payment.
  • Industry knowledge of UCP98, ICC600, ICC522, ISBP and INCOTERM is essential.
  • Bilingual Spanish is a plus.
  • Technical skills / systems knowledge (e.g. Peoplesoft) is required.
Responsibilities
  • Ensures effective process oversight and accountability is established and maintained.
  • Focus of role is on execution of strategic direction of business function activities.
  • Manages volume of exceptions within threshold levels set by Operational Risk Management.
  • Carries out complex initiatives involving multiple disciplines and/or ambiguous issues.
  • Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity.
  • Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff.
  • Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work.
  • Provides input and support to budget management process.
Desired Qualifications
  • Related Industry qualification (e.g. ACCA) is preferred.

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Menlo Park, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for green finance solutions through partnerships like with University of Singapore.
  • Expansion in asset servicing capabilities with blockchain technology.
  • Strategic appointments in MEA highlight trend towards localized service offerings.

What critics are saying

  • Increased competition in asset servicing from global players like State Street.
  • Rising interest rates may impact profitability and demand for interest-sensitive products.
  • Growing trend of digital banking poses threat to traditional services.

What makes Northern Trust unique

  • Northern Trust collaborates with Foundation Source for modern private foundation management services.
  • Appointed by Platinum Asset Management for comprehensive asset servicing in Australia.
  • Partnership with University of Singapore to advance green finance innovation.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Hybrid Work Options

Flexible Work Hours

Mental Health Support

Wellness Program

Company News

Business Wire
Feb 19th, 2025
Northern Trust Collaborates With Foundation Source to Provide Modern Private Foundation Management Services

Northern Trust collaborates with Foundation Source to provide modern Private Foundation management services.

MarketBeat
Feb 17th, 2025
Freightos Limited (NASDAQ:CRGO) Short Interest Up 97.5% in January

Northern Trust Corp acquired a new stake in Freightos in the fourth quarter worth about $579,000.

ETF Daily News
Jan 27th, 2025
Park Avenue Securities LLC Makes New $212,000 Investment in Northern Trust Co. (NASDAQ:NTRS)

Park Avenue Securities LLC makes new $212,000 investment in Northern Trust Co. (NASDAQ:NTRS).

ConnectWeb
Jan 15th, 2025
Northern Trust Secures Platinum Asset Management Asset Servicing Business

Northern Trust (Nasdaq: NTRS) announced today that it has been appointed by Sydney-based Platinum Asset Management to provide comprehensive asset servicing solutions across their Australian funds.

Asset Servicing Times
Jan 9th, 2025
Northern Trust named custodian for South Yorkshire Pensions Authority

South Yorkshire Pension Authority (SYPA) has selected Northern Trust as its new custodian.