International Trade Services Team Lead - Standby Letter of Credit

PNC•Pittsburgh, PA

14d•Onsite

About The Position

The International Trade Services Team Lead – Standby Letter of Credit works within PNC's International Trade Service Delivery Group and leads work for the Standby Letters of Credit team. The role is based in PNC's Houston Plaza in downtown Houston, Texas, or its 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 role directs research, discovery, collection, and interpretation of business requirements and participates in developing and reviewing processes, procedures, workflow analytics, and reporting. It provides consultation to clients on business designs, problem-solving, and business analysis in support of project management, and develops and maintains applicable policy and procedure documentation. The position independently identifies business requirements to carry out and improve processes, provides expertise to clients and technology teams, and translates business needs by partnering with experts and stakeholders. It may communicate moderately complex requirements, conduct gap analysis, and facilitate future-state business process modeling. The ideal candidate has team-lead experience with Standby Letters of Credit, including transaction review and release; expertise drafting and structuring domestic and international standby transactions; and knowledge of related risk, compliance, documentary examination, and operational requirements. The role also involves delegating and reviewing work and mentoring junior staff. PNC expects employees to focus on customer needs and manage risks in alignment with its Enterprise Risk Management Framework. Employment visa sponsorship and STEM OPT participation are not provided for this position.

Requirements

At least 2 years of experience as a work lead or team lead with Standby Letters of Credit, including reviewing and releasing transactions.
Experience drafting and structuring routine to complex domestic and international standby transactions and identifying risks in transaction language.
Ability to work independently with clients, Legal, and internal partners as needed.
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 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.
Understanding of syndicated transactions, including agented and non-agented deals and related fees and commissions.
Experience in document examination and identifying 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.
Typically, a university or college degree and at least 2 years of relevant professional experience; a comparable combination of education, job-specific certifications, and experience may be considered in lieu of a degree.
Bachelor's degree listed as the education requirement.
Demonstrated appropriate knowledge, skills, and abilities for the role, including analytical thinking, consulting, problem solving, requirements analysis, process management, and project management.

Nice To Haves

CDCS certification; it is preferred but not required.
Other relevant industry certifications and training.
Preferred skills include business needs, business processes, data analytics, decision making, Letters of Credit, management reporting, prioritization, UCP 600, and the Waterfall Model.

Responsibilities

Direct research, discovery, collection, and interpretation of business requirements.
Participate in developing and reviewing processes and 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, conduct 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, identify language-related risks, and work independently with clients, Legal, and internal partners as needed.
Identify risk and compliance concerns, including red flags, boycott language, and sanctioned parties.
Delegate and review work and mentor junior staff through guidance, training, and subject matter expertise.
Examine documents and identify discrepancies in accordance with ISP98 and UCP 600.
Interpret credit agreements and identify operational requirements affecting Standby Letter of Credit issuance and administration.
Assess and manage risks associated with business objectives and activities in support of PNC's Enterprise Risk Management Framework.
Apply customer-focused practices and use customer needs and satisfaction as primary considerations in business decisions.

Benefits

Medical and prescription drug coverage, including a Health Savings Account feature, subject to eligibility.
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 programs that are fully paid.
Wellness program with financial incentives.
Maternity and/or parental leave, depending on eligibility.
Up to 11 paid holidays each year, depending on eligibility.
9 occasional absence days each year, unless otherwise required by law, depending on eligibility.
15 to 25 vacation days each year, depending on career level and years of service.