We are seeking an experienced Standby Letter of Credit (SBLC) Specialist with over 5+ years of expertise in trade finance. The ideal candidate will possess a deep understanding of international trade and letters of credit, ensuring accurate and compliant execution of SBLC processes. This role requires exceptional communication skills, attention to detail, and the ability to manage complex deliverables within tight deadlines. This position is suitable for an Assistant Vice President (AVP) or Vice President (VP) role.
Key Responsibilities:
- Serve as the primary point of contact for clients, managing the end-to-end SBLC process and ensuring smooth delivery.
- Troubleshoot and provide guidance on complex SBLC cases, ensuring informed decision-making.
- Collaborate with Commercial Bankers, project finance, leasing, internal teams, and cross-regional stakeholders to facilitate efficient SBLC execution.
- Oversee issuance, amendments, and cancellation processes for Standby Letters of Credit, including evergreen extension and non-extension. Conduct daily, weekly, monthly, and quarterly checks, Start of day and End of day control, and reporting.
- Manage SBLC invoice fee, and bilateral LC facility review, ensuring compliance with regulations and policies.
- Review and provide subject matter expertise on LC verbiage, ensuring its workability and compliance with international standards.
- Liaise with business stakeholders, legal, and compliance teams to facilitate seamless collaboration and alignment with organizational goals.
- Perform thorough analysis and validation of LC terms to mitigate risks and enhance operational efficiency.
- Maintain accurate records, ensuring documentation supports auditing and reporting standards.
- Provide training to team members and stay updated on industry trends to ensure continuous improvement.
- Address and resolve any exceptions or escalations related to the letter of credit process promptly and effectively.
- Lead internal and external audits, ensuring timely responses and compliance.
- Contribute to special projects such as process improvements or system enhancements.
Preferred Qualifications and Skills
- Bachelor’s degree or equivalent experience.
- Advanced skills in Microsoft Excel and PowerPoint.
- Proven expertise in trade finance and letters of credit.
- Strong background in international trade.
- Strong knowledge of ISP98, UCP600, and relevant publications is required.
- CDCS certification preferred.
- Excellent communication, collaboration, and organizational skills.
- Ability to manage complex processes with a commitment to accuracy and compliance.
- 5+ years of experience managing or leading a team.
This position offers the opportunity to take ownership of the SBLC process, ensuring top-tier client service and operational excellence.
The expected base salary ranges from $75,000- $110,000. 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.
Other requirements
Mizuho has in place a hybrid working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations. Roles in some of our departments have greater in-office requirements that will be communicated to you as part of the recruitment process.
Company Overview
Mizuho Financial Group, Inc. is the 15th largest bank in the world as measured by total assets of ~$2 trillion. Mizuho's 60,000 employees worldwide offer comprehensive financial services to clients in 35 countries and 800 offices throughout the Americas, EMEA and Asia. Mizuho Americas is a leading provider of corporate and investment banking services to clients in the US, Canada, and Latin America. Through its acquisition of Greenhill, Mizuho provides M&A, restructuring and private capital advisory capabilities across Americas, Europe and Asia. Mizuho Americas employs approximately 3,500 professionals, and its capabilities span corporate and investment banking, capital markets, equity and fixed income sales & trading, derivatives, FX, custody and research. Visit www.mizuhoamericas.com.
Mizuho Americas offers a competitive total rewards package.
We are an EEO/AA Employer - M/F/Disability/Veteran.
We participate in the E-Verify program.
We maintain a drug-free workplace and reserve the right to require pre- and post-hire drug testing as permitted by applicable law.
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What We Do
This is not your typical financial institution. It’s our people who make us a cut above. Here, every person is respected because of their differences, not in spite of them. We pride ourselves on a culture of purpose, passion and compassion.
At Mizuho, we provide the stability of an international industry leader with the career trajectory of a growing business. Our steady, strategic growth gives our people at all levels rewarding degrees of responsibility and a richer work experience than a boutique firm or an established giant could offer alone.
Working for Mizuho opens doors not just to a rewarding career with excellent prospects, but to lasting friendships with colleagues from diverse cultures. It’s the local expertise of our employees that makes our global network so powerful. By collaborating with colleagues and clients who have your same ambition, you can amplify your sphere of influence and base of knowledge as part of one of the largest—and growing—banks in the world.
We’re all global citizens, and that’s why our company feels compelled to make an impact through more than just drawing up deals. We prove that it’s possible to do well and do good. We do right by our clients, our community and each other.
