Letters of Credit Trade Advisor II

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Lead the structuring and execution of Standby and Commercial Letters of Credit.

• Analyze and interpret credit agreements alongside complex underlying transaction frameworks.

• Manage the complete process of closing and issuing Direct Pay Letters of Credit.

• Ensure compliance with risk, regulatory, and client specifications.

• Advocate for international trade finance solutions as a subject matter expert.

• Collaborate with correspondent banks and interact directly with clients.

• Offer strategic direction, product education, and tailored solutions to support client goals.

• Serve as an escalation point and act as a liaison among clients, front-line teams, and operations.

• Identify, escalate, and resolve discrepancies and complex challenges.

• Minimize risk and facilitate smooth execution.

• Provide leadership and direction for planning, development, strategies, and implementation roadmaps.

• Evaluate organizational objectives, outline mobilization activities, and establish achievable goals.

• Enhance departmental efficiency and adopt best-practice processes.

• Deliver leadership and management oversight to ensure high-quality processing and performance outcomes.

• Mentor and engage team members, including making recommendations regarding hiring, career advancement, performance assessments, salary adjustments, promotions, transfers, and terminations.

• Develop and enforce standards, processes, and procedures that align with financial services industry benchmarks.

• Collaborate with business units and functional groups to foster cohesion across large-scale initiatives.

• Oversee activities related to merger and conversion processes.

• Cultivate a results-driven team environment that consistently assesses operational effectiveness.

⛳️ Requirements

• Bachelor’s Degree in business or a related field, or equivalent education and experience.

• 5-7 years of experience in commercial lending, business administration, banking operations and management, strategic planning, or risk management.

• Strong expertise in lending, including consulting, commercial/retail products, specialty lending, appraisals, regulatory compliance, servicing, due diligence, documentation, funding, and reconciliations.

• Exceptional communication and interpersonal abilities.

• Capability to engage with executive leadership effectively.

• Strong leadership skills, excellent organizational capabilities, and adept planning skills.

• Proactive work ethic with the ability to function accurately and efficiently in a dynamic environment with shifting deadlines.

• Fluency in English is required.

• MBA or another advanced degree is preferred.

• Banking School Certification is preferred.

• Comprehensive understanding of relevant financial industry regulations such as ISP, UCP, Patriot Act, AML, and BSA is preferred.

• In-depth knowledge of SWIFT messaging is preferred.

• Experience interacting with corporate clients is preferred.

• Truist will not sponsor work visa status, employment authorization, or provide immigration-related assistance.

🏝️ Benefits

• Medical insurance.

• Dental insurance.

• Vision insurance.

• Life insurance.

• Disability insurance.

• Accidental death and dismemberment coverage.

• Tax-preferred savings accounts.

• 401k plan.

• A minimum of 10 days of vacation during the first year of employment, prorated as applicable.

• 10 sick days, prorated as applicable.

• Paid holidays.

• Defined benefit pension plan, contingent on position and division.

• Restricted stock units, dependent on position and division.

• Deferred compensation plan, based on position and division.