Synopsis of Job described by HM

Candidate should be capable of drafting the more complex Standby Letters of Credit including Syndicated Letters of Credit, Direct-Pay Letters of Credit supporting Industrial Revenue Bonds, Counter and Counter-Counter Standby Letters or Credit.

Ensures needed regulatory compliance and credit approvals are obtained prior to issuing and/or releasing Standby LCs.

Examining documents for payment under Standby Letters of Credit for compliance with Letter of Credit terms.

Working closely with Relationship Managers, clients, beneficiaries, internal and external Counsel as needed to structure and finalize complex Standby Letters of Credit

Redline the agreement; Drafting the letter

Negotiate the language with Attorney

MUST have experience with standby letter of credit

A standby letter of credit, abbreviated as SBLC, refers to a legal document where a guarantees the payment of a specific amount of money to a seller if the buyer defaults on the agreement.

Strong knowledge of ISP98, UCP600, and relevant publications is required.

US Regulatory compliance

AML

Bachelors is Required