Letter of Credit Specialist 3

First Citizens Bank • Santa Clara, CA

5d • Hybrid

About The Position

This role is responsible for drafting and structuring Standby and Import Letters of Credit and handling supporting functions, including amendments, renewals, claims, and payments. The position designs and implements customized trade finance solutions based on client needs and risk profiles, provides technical support and advisory services to sales teams and clients, and contributes to trade finance process and product improvements.

The role also conducts risk assessments and supports compliance with applicable regulations, including BSA/AML, Anti-Boycott, OFAC/Sanctions, and KYC requirements. Responsibilities include advising, confirming, negotiating, examining, and settling Letters of Credit, as well as handling Documentary Collections. This is a hybrid role, with work regularly taking place inside and outside the Santa Clara office.

Requirements

• Bachelor's Degree and 2 years of experience in Trade Finance, or a High School Diploma or GED and 6 years of experience.
• Trade finance product knowledge.
• Risk assessment and mitigation skills.
• Knowledge of international trade regulations.
• Client advisory and relationship management skills.

Nice To Haves

• Over 5 years of Trade Finance experience at a financial institution.
• Bachelor’s degree or equivalent work experience.
• Thorough knowledge of international rules and practices, including UCP600, ISP98, URDG758, URR 725, and URC 522.
• Thorough knowledge of INCOTERMS.
• Excellent leadership skills.
• Excellent customer service and relationship skills.
• Excellent planning, multitasking, and organizational skills.
• Excellent problem-solving and critical-thinking skills.
• Customer focus and excellent interpersonal skills.
• Excellent verbal and written communication skills, including the ability to communicate and influence at an appropriate level.
• Proactive and self-motivated, with the ability to work independently with minimal supervision and under tight deadlines.
• Ability to meet new challenges, assimilate new information, and influence people through maturity of approach.
• Ability to make sound and reliable decisions under supervision.
• Ability to work independently with no supervision from the manager.

Responsibilities

• Formulate and implement customized trade finance solutions based on client needs and risk profiles.
• Analyze client business information and trade patterns to recommend appropriate products.
• Implement trade finance structures in compliance with bank policies and regulations.
• Provide technical support to sales teams and clients on complex trade finance transactions.
• Advise clients on the optimal use of trade finance products for their business needs.
• Stay updated on international trade regulations and their impact on trade finance solutions.
• Identify opportunities to enhance trade finance processes and product offerings.
• Contribute to the development of new trade finance products and services.
• Collaborate with technology teams to improve trade finance platforms and tools.
• Conduct risk assessments on proposed trade finance solutions.
• Ensure compliance with BSA/AML, Anti-Boycott, OFAC/Sanctions, KYC, and other relevant regulations in trade finance transactions.
• Work with risk and compliance teams to address issues in trade finance structures.
• Advise, confirm, negotiate, examine, and settle Letters of Credit and Documentary Collections.
• Draft and structure Standby and Import Letters of Credit and handle amendments, renewals, claims, and payments.

Benefits

• Competitive benefits program designed to meet associates’ needs.
• Total compensation may include variable incentives, bonuses, benefits, and/or other awards, as outlined in the offer of employment.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED