Letter of Credit Specialist 3

Overview

This is a hybrid role with the expectation that time working will regularly take place inside and outside our Santa Clara office

At First Citizens Bank, we're committed to helping our clients achieve their ambitions, and we bring that same commitment to our associates. For more than 125 years, our relationship-based culture has created opportunities to build lasting connections, grow professionally and make a meaningful impact for our clients, communities and one another.

At First Citizens Innovation Bank, formerly Silicon Valley Bank, you’ll do more than support innovative companies, you’ll help shape their success. With more than 40 years of experience serving the innovation economy, our teams work closely with clients across technology, life sciences, healthcare, venture capital, private equity, and other innovation-driven sectors providing specialized banking solutions, industry insights, and meaningful connections that help businesses scale and thrive. We combine deep expertise, lasting relationships and meaningful opportunities to help our clients, communities and associates move forward together.

This role is responsible for drafting and structuring Standby and Import Letters of Credit as well as handling the supporting functions including but not limited to amendments, renewals, claims, and payments.

Responsibilities & Qualifications

Duties & Responsibilities:

• Solution Design and Implementation - Formulate and implement customized trade finance solutions based on client needs and risk profiles. Analyze client business information and trade patterns to recommend appropriate products. Implement trade finance structures, ensuring compliance with bank policies and regulations.
• Technical Support and Advisory - Provide technical support to sales teams and clients on complex trade finance transactions. Advise clients on the optimal use of trade finance products for their business needs. Stay updated on international trade regulations and their impact on trade finance solutions.
• Process Improvement and Product Development - Identify opportunities to enhance trade finance processes and product offerings. Contribute to the development of new trade finance products and services. Collaborate with technology teams to improve trade finance platforms and tools.
• Risk Assessment and Compliance - Conduct risk assessments on proposed trade finance solutions. Ensure compliance with BSA/AML, Anti- Boycott, OFAC/ Sanctions KYC, and other relevant regulations in trade finance transactions. Work with risk and compliance teams to address any issues in trade finance structures.
• Advising, Confirmation, Negotiation/Examination and Settlement of Letter of Credit (LC); and Documentary Collections.

Position Specific Skills:

Trade finance product knowledge
Risk assessment and mitigation
International trade regulations
Client Advisory and Relationship Management

Qualifications:

Bachelor's Degree and 2 years of experience in Trade Finance OR High School Diploma or GED and 6 years of experience.

Preferred Qualifications:

• Excellent Trade Finance and financial service background required, with over 5+ years in Trade Finance at a financial institution.
• Bachelor’s degree or equivalent work experience.
• Thorough knowledge of international rules and practices (UCP600, ISP98, URDG758, URR 725, URC 522)
• Through knowledge of INCOTERMS.
• Excellent leadership skills.
• Excellent customer service skills and relationship skills.
• Excellent planning, multi-tasking and organization skills.
• Excellent problem solving and critical thinking skills.
• Customer-focused with excellent interpersonal skills.
• Excellent verbal and written communications skills and ability to communicate and influence at an appropriate level.
• Proactive and self-motivated with ability to work independently with minimal supervision and under tight deadlines.
• Proven ability to meet new challenges, assimilate new information and to influence people through maturity of approach.
• Ability to make sound and reliable decisions under supervision.
• Ability to work independently with no supervision from the manager.

Additional Information

The base pay for this position is generally between $120,000.00 and $140,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.