Full-Time

Trade Documentary Issuance Associate

Posted on 8/30/2024

IDB bank

IDB bank

1,001-5,000 employees

Offers commercial and private banking services

Fintech
Financial Services

Compensation Overview

$70k - $80kAnnually

+ Bonus

Mid

New York, NY, USA

Category
Commercial Banking
Finance & Banking
Required Skills
Communications
Requirements
  • High school diploma or equivalent.
  • Minimum of three years of letter credit import issuance experience.
  • Thorough knowledge of the Uniform Customs and Practice for Documentary Credits, as well as the ICC Publication and all subsequent revision.
  • Excellent word processing and communication skills.
  • Ability to use a PC and an automated system.
Responsibilities
  • Review incoming letters of credit and amendments.
  • Prepare and enter new letters of credit and subsequent amendments on the automated system.
  • Effect transfers and assignment of proceeds under existing Letters of Credit.
  • Check completed transactions for quality and accuracy.
  • Process charges representing commissions that are due to the Bank.
  • Handle/resolve investigations as needed.
  • Use a PC to retrieve previously entered transactions.
  • Issue shipping guarantees and air releases.
  • Ensure that all work performed is in compliance with the department‘s operations manual, all Bank policies and Regulatory requirements.

IDB Bank provides a variety of financial services, including commercial banking, private banking, and wealth management, aimed at both personal and business clients. The bank operates in the U.S. and internationally, offering customized financial solutions to meet the needs of high net worth individuals and businesses in sectors like healthcare and commercial real estate. IDB Bank's approach emphasizes personalized service and utilizes its industry expertise to assist clients in growing and managing their wealth. It generates revenue through interest from loans, fees for banking services, and wealth management advisory fees. What distinguishes IDB Bank from its competitors is its commitment to tailored service and comprehensive financial solutions.

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1949

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital banking enhances IDB Bank's personalized online services.
  • Healthcare sector M&A surge offers advisory and financing opportunities for IDB Bank.
  • Cross-border banking demand allows IDB Bank to expand its international client base.

What critics are saying

  • Fintech competition threatens IDB Bank's market share in private banking.
  • Rising interest rates may reduce IDB Bank's interest income from loans.
  • Cybersecurity threats could compromise client data and trust in IDB Bank.

What makes IDB bank unique

  • IDB Bank offers tailored financial solutions for high net worth individuals and businesses.
  • The bank specializes in healthcare and commercial real estate banking services.
  • IDB Bank leverages deep industry expertise to provide personalized client service.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Tuition Reimbursement

Employee Wellness Program

401(k) Retirement Plan

401(k) Company Match

INACTIVE