Full-Time

VP – Manager

Letters of Credit

Posted on 1/15/2025

Northern Trust

Northern Trust

Compensation Overview

$97.8k - $166.4kAnnually

+ Bonus

Expert

Miami, FL, USA + 1 more

More locations: Chicago, IL, USA

Hybrid role indicated by #LI-HY.

Category
Commercial Banking
Finance & Banking
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 Stage

N/A

Total Funding

N/A

Headquarters

N/A

Founded

N/A