Letter of Credit Specialist I

Job description

Overview: Processes and supports Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines to minimize risk to the Bank. Primary Responsibilities: Process amendments of Commercial and/or Performance/Financial Standby Letters of Credit for customers in a timely and accurate manner. Provide 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: High school diploma or equivalent (GED) and a minimum of 3 years’ work experience 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 $25.07 - $41.79 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