• Letter of Credit Specialist II

    M&T Bank (Bridgeport, CT)


    Overview:

    Processes and supports intermediate complexity Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines to minimize risk to the Bank.

    Primary Responsibilities:

    + Complete issuance's and advisement's of intermediate Commercial and/or Performance/Financial Standby Letters of Credit for customers in a timely and accurate manner.

    + Complete document examinations and transfers of Commercial and/or Performance/Financial Standby Letters of Credit.

    + Interpret legal documentation associated with intermediate letter of credit transactions.

    + Provides cross-training assistance for less experienced staff; provide management feedback on progress of cross-training efforts.

    + Participate as a member of letter of credit project teams as required.

    + Identify fraudulently presented items through use of International Trade Finance (ITF) policies, procedures and controls.

    + Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.

    + Promote an environment that supports belonging and reflects the M&T Bank brand.

    + Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.

    + Complete other related duties as assigned.

    Scope of Responsibilities:

    Supervisor/Managerial Responsibilities:

    Education and Experience Required:

    Bachelor's degree, or in lieu of a degree, a combined minimum of 4 years’ higher education and/or work experience

     

    Detail-oriented

     

    Strong customer service skills

     

    Strong verbal and written communication skills

    Education and Experience Preferred:

    International Trade Operations experience

     

    Commercial lending experience

     

    Knowledge of pertinent Bank systems

    Physical Requirements:

    N/A

    M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $25.55 - $42.59 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

     

    Location

     

    Bridgeport, Connecticut, United States of America

     

    M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer, including disabilities and veterans.