Letter of Credit Associate at Mizuho Americas Services LLC in Jersey City, New Jersey

Job Description:

Summary:

Issuance and Amendments of Letters of Credit (Standby letter of credit, commercial letter of credit)

PRINCIPLE DUTIES AND RESPONSIBI LITIES:

General Duties:

• Issuance and amendment of Standby Letter of Credit, Commercial Letter of Credit received from the Front Office or the customer checking the letter of credit application and letter of credit terms for compliance with international governing rules (UCP, ISP98, U.S. Regulatory matters).


• Review/Prepare/Process the Standby Letter of Credit, Commercial Letter of Credit via mail/email/SWIFT and update the Standby Letter of Credit, Commercial Letter of Credit transaction in the Trade Finance system


• Register all transactions in the online document storage system with all supporting documents including registering the evergreen renewal terms and pending beneficiary consents as required


• Monitor and Control evergreen notification dates and all beneficiary consents


• Review and Prepare Letter of Credit invoices to the customer as required including processing the transaction in the Standby Letter of Credit system and confirming payment is received.

Compliance:

• Obtain a basic understanding of the applicable rules and regulations that govern the Bank. Understand that all questions and/or clarification about such rules and regulations should be directed to the Americas Compliance Division. Attend Annual Compliance Training presented by the Americas Compliance Division. Read and respond as necessary to all compliance-related reference and directive materials received. Comply with the Bank's "Code of Conduct".


• Designated as person responsible for reporting potentially prohibited transaction(s) (OFAC related) upon detection.

Preferred qualifications, capabilities and skills:

• College diploma or equivalent.


• Proven experience of all types of Documentary Credits and/or Standby letter of credit plus a sound working knowledge of all I.C.C. rules relating thereto


• At least 1-3+ year experience in Letter of Credit processing

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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