Letter of Credit
Job Description
Letter of Credit / SBLC Specialist – Trade Finance Operations
At Nöord Technologies, we empower top-tier financial institutions with exceptional talent in banking and capital markets. We are currently seeking, on behalf of one of our clients, a Letter of Credit Specialist to join their Trade Finance Operations team.
The selected candidate will be responsible for managing and processing the Bank's Letter of Credit portfolio, including the issuance, confirmation, and advising of Standby/Guarantees and Import/Export Letters of Credit. This role is crucial in maintaining the financial health and integrity of the bank.
Key Responsibilities
Transaction Management: Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank's credit/compliance procedures.
Billing & Reconciliation: Manage the billing process, ensuring timely and accurate invoicing, processing payments, and resolving billing inquiries.
Technical Support: Provide assistance and support to internal clients on technical aspects and practices of letters of credit.
Document Execution: Prepare and execute required letter of credit documents using TI+, Microsoft Word, or ACBS as needed.
Financial Operations: Effect timely disbursement of funds for LC drawings and ensure all items are actively traced and resolved via correspondence with global parties.
SWIFT Messaging: Ensure proper SWIFT messages are sent for all LC and billing-related transactions.
Requirements
Mandatory Technical Skills
Experience: Minimum of 3+ years of experience in SBLC, Commercial Letter of Credit, and/or Guarantees in Trade Finance.
Regulations: Strong knowledge of UCP 600 / ISP 98 / URDG 758 and regulatory guidelines (sanctions, OFAC compliance, anti-boycott).
Systems: Proficiency in SWIFT.
Work Authorization: Candidates must be legally authorized to work in Canada at the time of application.
Desirable Skills (Assets)
Knowledge of Syndications loans and/or Syndicated LCs.
Experience with TI+ (Trade Innovations) or ACBS systems.
CDCS Certification.
Competencies
Exceptional attention to detail and problem-solving skills.
Effective written and verbal communication skills.
Self-starter with strong time management skills and accountability.
Fluency in English (oral and written) is required. French language skills are considered an asset.
Working Conditions
Schedule: Monday to Friday, 9:00 AM to 6:00 PM (40-hour work week).
Calendar: This position follows the USA Holiday Calendar.
Work from Home: Available on a voluntary basis for up to 2 days per week after a 3-month integration period (subject to manager's discretion).
Relocation: A relocation package may be available for eligible candidates.
How to Apply
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Frequently Asked Questions
Who is hiring?▼
This role is with Nöord Technologies Corporation in Montréal.
Is this a remote position?▼
This appears to be an on-site role in Montréal.
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After you click "Apply Now", you will be redirected to the employer's official site to submit your resume. You can typically expect to hear back within 1-2 weeks if shortlisted.