Trade Finance Letter of Credit Document Checker

SUMMARY:
The Letter of Credit Document Checker is responsible for the accurate and efficient examination of documents presented under letters of credit. This role requires a thorough understanding of international trade documents, UCP 600 (Uniform Customs and Practice for Documentary Credits), ISBP (International Standard Banking Practice), and other related regulations to ensure compliance and mitigate risks associated with international trade transactions.

PRINCIPLE DUTIES AND RESPONSIBI LITIES:
Review and verify documents such as bills of lading, invoices, packing lists, insurance documents, and certificates of origin to ensure compliance with the terms and conditions of the LC, UCP 600, ISBP, and any applicable local laws.
Identify discrepancies, irregularities, and fraud risks in documents and transactions. Take appropriate actions to mitigate risks in accordance with bank policies and international trade practices.
Ensure all trade transactions comply with internal policies, international trade regulations, anti-money laundering (AML) standards, and Know Your Customer (KYC) procedures.
Liaise with clients, issuing banks, advising banks, and other stakeholders to clarify, negotiate, and resolve discrepancies or issues related to documents and LC transactions.
Prepare and submit reports on document checking activities, discrepancies identified, and actions taken. Provide insights and recommendations for process improvements.
Stay updated with changes in trade finance regulations, UCP 600, ISBP, and other relevant guidelines. Participate in training and professional development opportunities to enhance job performance.

QUALIFICATIONS:
College degree in finance, international business, or a related field.
3-5 experience in trade finance, particularly in document checking under letters of credit, is highly preferred.
Strong knowledge of UCP 600, ISBP, and international trade practices.
CDCS preferred
Detail-oriented with excellent analytical and problem-solving skills.
Effective communication and interpersonal skills.
Ability to work under pressure and meet tight deadlines.

The expected base salary ranges from $65,000 - $90,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus. #LI-Hybrid


Equal Opportunity Employer - minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity