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Bilingual Standby Letter of Credit Specialist Mandarin/English

New York, NY 10036 US

Posted: 02/19/19 Employment Type: Direct Hire Industry: L/C Standby, L/C Technician Job Number: 12666

Assist with managing the Trade Finance back office operations.

Advise and guide Banking units on matters of Letter of Credits; providing opinions or positions enabling them to make informed decision(s).
Act as a back-up for Treasury & Loans back office.

Key Responsibilities 
  • Working in strict compliance with International Standard Banking Practice, UCP600, ISP98, and internal policies you will oversee preparation, review, and release of trade finance related documentation and Swift messaging.
  • You will apply your comprehensive knowledge and understanding of International Chamber of Commerce Rules and Regulations for Documentary Letters of Credit, Standby Letters of Credit, Documentary Bills for Collection, and Uniform Rules for Reimbursement as well as your experience in preparing and checking Letters of Credit documents to deliver a high quality service on a daily basis while navigating tight timeframes.
  • Receive and review all swift messages related to Trade Finance.
  • Input or authorize transactions in the EXIMBILLS system.
  • Check documents related to Letter of Credit transactions.
  • Ensures that all payments and receipts of funds related to Trade Finance transactions are properly paid and received.
  • Verify payments for Trade Finance transactions.
  • Communicate with customers on matters related to Trade Finance transactions.
  • Maintain files for all Trade Finance operations related transactions.
  • Send proper SWIFT messages to counterparts and beneficiaries.
  • Confirm all transactions with counterparts via SWIFT, mail, fax or e-mail where needed or applicable.
  • Input, verify or authorize manual Swift messages.
  • Assist in the implementation and testing of systems.
Secondary Responsibilities 
  • Act as a back-up to the Treasury & Loans Back Office.
  • Verify payments for Treasury and Loans.
  • Input Loan Commitments and Loans.
  • Verify loan information to the proper source.
  • Confirm loan transactions where applicable.
  • Ensure that loan payments are made and funds received on maturity date.
  • Work closely with the Loan and Credit departments.

2– 3 years’ experience in Trade Finance Operations and handling Letters of Credit with emphasis on Standby  Letters of Credit.

                        Proficiency skills in Mandarin Chinese and

                         English required.          

Qualifications: Bachelor' s degree in Business or Finance or equivalent experience


Dan McNichol

Dan McNichol comes to Adams Consulting Group with more than 22 years in the banking and software industries. Dan also has over 15 years in the recruiting industry, in which includes a previous association with Len Adams at KPA Group. As a banker Dan started his career with Manufacturers Hanover Trust Co. as a management trainee in the International Funds Transfer Division. He eventually moved on to two regional banks where he ran various international operations groups including Letter of Credit, Collections, FX and Funds Transfer. During his tenure with National Community Bank (n/k/a Bank of New York), Dan was part of team that assisted in the trade services group migration from a manual to an automated environment. The opportunity to expand his technical skills provided an ensuing opportunity to move to the vendor side of trade services. As a recruiter, Dan has been involved with searches on behalf of financial organizations from small retail neighborhood banks to prime foreign and U.S. banks seeking mid- to senior-level managers in disciplines involving compliance, international, retail, credit, lending and operations.
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