Letter of Credit Servicing

We have an exciting opportunity to work with one of our prestigious clients at a Tier 1 Investment Bank. You will be working as part of their fast-paced Letters of Credit servicing function, communicating with multiple teams internally and externally to manage the full lifecycle of transactions while ensuring risks related to the product are appropriately controlled.

This role requires handling complex queries related to standby letters of credit from both internal stakeholders and external clients. The successful candidate will also contribute to strategic initiatives aimed at enhancing the product offering and supporting platforms.

Key Responsibilities

• Analyze credit agreements and transaction documentation to support the structuring of the bank’s obligations as the issuing institution

• Review draft Letters of Credit prior to being issued to clients

• Review counter-standby Letter of Credit drafts before releasing them to correspondent banks

• Assess communications with correspondent banks to ensure accuracy and consistency

• Coordinate and manage interactions across various internal desks throughout the Letter of Credit review process

• Monitor daily reports and ensure that required actions are completed where necessary

• Conduct quality checks on Letters of Credit issued by the team

• Ensure appropriate regulatory checks are completed prior to issuance, including Reg W, Reg O, and OFAC requirements

• Identify opportunities to improve processes and enhance operational efficiency

• Act as a subject matter expert, providing guidance and training to team members when required

Basic Qualifications

• Bachelor’s degree with at least 3 years of experience in financial services

• Strong working knowledge of ISP98 and UCP 600 frameworks

• Ability to operate in a fast-paced environment with multiple competing priorities

• Excellent communication skills and a strong client service orientation

• High level of attention to detail with strong analytical and organizational capabilities

• Proficiency in Microsoft Office applications, particularly Excel and PowerPoint

Preferred Qualifications

• Prior experience in loan servicing or operations

• Familiarity with URDG 758

Expectations Regarding Hybrid Working:

As we are a Service Provider and Consulting firm servicing clients, our policy on physically working from the office (which may be the client’s offices or our own offices depending on the client) aligns to what our client’s policies and expectations are and these vary. Most of our clients now require a minimum of 3 days per week in the office, 2 days from home, and accordingly, this is also the minimum expectation that Delta Capita requires. However, some of our clients have now moved up to 4 or even 5 days in the office and we require candidates to be flexible to meet our clients’ demands. 

For this specific role, the client requires 5 days per week in the office.

How We Work:

Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.

As the selection and interview process is ongoing, please submit your application in English as soon as possible. If your profile is selected, a member of our team will contact you. For this role a valid work authorization for the US is mandatory.

Who We Are:

Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services.

·        Managed Services

·        Resource Augmentation

·        Consulting

·        Technology

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To learn more about Delta Capita and our culture click here: Working at DC - Delta Capita.