International Trade Services Team Lead - Standby Letter of Credit

PNC Bank•Houston, TX

13d•Onsite

About The Position

The Team Lead-Standby Letter of Credit works within PNC's International Trade Service Delivery Group and Standby Letters of Credit Team. The role is based in the downtown Houston Plaza office in Houston, Texas, or the Firstside Center in downtown Pittsburgh, Pennsylvania. PNC describes itself as an in-office company and encourages candidates to discuss workplace expectations with their recruiter and hiring manager. The successful candidate will bring experience leading or acting as a work lead for standby letter of credit operations, including transaction review and release. The role involves drafting and structuring domestic and international standby transactions, assessing transaction-language risks, applying relevant risk and compliance requirements, and working independently with clients, Legal, and internal partners. The position also includes delegating and reviewing work, mentoring junior staff, and applying expertise in standby letters of credit, related trade products, documentary examination, syndicated transactions, and SWIFT messaging. The job description also outlines business-analysis responsibilities: researching, collecting, and interpreting business requirements; helping develop and review processes, procedures, workflow analytics, and reporting; maintaining policy and procedure documentation; consulting with clients on business design and problem-solving; and partnering with business stakeholders and technology teams to clarify needs, assess gaps, and model future processes. Employees are expected to focus on customers and effectively manage risk in accordance with PNC's Enterprise Risk Management Framework. PNC will not provide employment visa sponsorship or participate in STEM OPT for this position. A bachelor's degree is listed, though a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree. Roles at this level typically require at least two years of relevant professional experience.

Requirements

At least two years of experience as a work lead or team lead with Standby Letters of Credit, including responsibility for transaction review and release.
Experience drafting and structuring routine to complex domestic and international standby transactions and identifying risks associated with transaction language.
Ability to work independently with clients, Legal, and internal partners as necessary.
Strong understanding of risk and compliance requirements related to Standby Letters of Credit, including identifying red flags, boycott language, and sanctioned parties.
Strong understanding of automatic extension clauses and their associated risks.
Strong knowledge of ISP98 and UCP 600 as they relate to Standby Letters of Credit.
Excellent problem-solving skills and ability to analyze and resolve complex documentary and transactional language issues.
Understanding of advised and confirmed Letters of Credit, bank guarantees, and counter-standby transactions.
Experience delegating and reviewing work and assisting with mentoring junior staff through guidance, training, and subject-matter expertise.
Understanding of syndicated transactions, including agented and non-agented deals and related fees and commissions.
Experience in document examination and ability to identify discrepancies in accordance with ISP98 and UCP 600.
Knowledge of SWIFT messaging, including MT760 and MT767 message types.
Ability to interpret credit agreements and identify operational requirements affecting standby letter of credit issuance and administration.
Bachelor's degree; a comparable combination of education, job-specific certification(s), and experience, including military service, may be considered in lieu of a degree.
Demonstrated appropriate knowledge, skills, and abilities for the role, including analytical thinking, business assessment, consulting, effectiveness measurement, information capture, modeling, problem-solving, process management, project management, requirements analysis, and software product business knowledge.

Nice To Haves

CDCS certification; it is preferred but not required.
Other relevant industry certifications and training.
Business-needs, business-processes, data-analytics, decision-making, letter-of-credit, management-reporting, prioritization, UCP 600, and Waterfall Model skills.

Responsibilities

Direct research, discovery, collection, and interpretation of business requirements.
Participate in developing and reviewing processes, procedures, workflow analytics, and reporting.
Consult with clients on business designs, problem-solving, and business analysis to support project management.
Develop and maintain applicable policy and procedure documentation.
Independently obtain and identify business requirements needed to carry out and improve business processes.
Provide expertise and problem-solving support to clients and technology teams throughout the business-analysis process.
Partner with experts and business stakeholders to translate business needs, processes, and procedures into articulated requirements.
Communicate moderately complex business requirements to stakeholders and technology teams, provide gap analysis, and facilitate future business-process modeling.
Review and release standby letter of credit transactions.
Draft and structure routine to complex domestic and international standby transactions and identify risks in transaction language.
Work independently with clients, Legal, and internal partners as needed.
Identify compliance red flags, boycott language, and sanctioned parties, and assess risks related to standby letters of credit.
Delegate and review work and assist with mentoring junior staff by providing guidance, training, and subject-matter expertise.
Examine documents and identify discrepancies under ISP98 and UCP 600.
Interpret credit agreements and identify operational requirements affecting standby letter of credit issuance and administration.

Benefits

Medical and prescription drug coverage, with a Health Savings Account feature.
Dental and vision options.
Employee and spouse/child life insurance.
Short- and long-term disability protection.
401(k) with PNC match.
Pension and stock purchase plans.
Dependent care reimbursement account.
Back-up child and elder care.
Adoption, surrogacy, and doula reimbursement.
Educational assistance, including select fully paid programs.
Wellness program with financial incentives.
Maternity and/or parental leave.
Up to 11 paid holidays each year.
Nine occasional absence days each year, unless otherwise required by law.
Between 15 and 25 vacation days each year, depending on career level and years of service.