VP, Manager, Letters of Credit

1 day ago


Chicago IL United States Be-IT Ltd Full time
About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Major Duties:

  1. Ensures effective process oversight and accountability is established and maintained.
  2. Focus of role is on execution of strategic direction of business function activities.
  3. Manages volume of exceptions within threshold levels set by Operational Risk Management.
  4. Carries out complex initiatives involving multiple disciplines and/or ambiguous issues.
  5. Displays a balanced, cross-functional perspective, liaising with the business to improve efficiency, effectiveness and productivity.
  6. Conducts performance management and career development processes, provides input for staffing and disciplinary actions and provides hands-on training to staff.
  7. Develops periodic goals, organizes the work, sets short-term priorities, monitors all activities, and ensures timely and accurate completion of the work.
  8. Provides input and support to budget management process.

Knowledge:

  1. Seasoned multi-disciplinary expert with extensive technical and/or business knowledge and functional expertise.
  2. Leadership and organizational skills are required to develop periodic goals and to manage and motivate team members towards the goals set.
  3. Excellent oral and written communication skills are required.
  4. In-depth Functional/Industry Knowledge is required.
  5. Highly flexible and adaptable to change.
  6. Technical skills/systems knowledge (e.g. Peoplesoft) is required.

Experience:

  1. A College or University degree and proven work experience is required. Related Industry qualification (e.g. ACCA) is preferred.
  2. 10+ Years of experience working with Standby Letters of Credit.
  3. 10+ Years of experience issuing, amending and paying Commercial Letters of Credit. Specifically, including the checking of documents presented for payment.
  4. Industry knowledge of UCP98, ICC600, ICC522, ISBP and INCOTERM is essential.
  5. Bilingual Spanish is a plus.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today.

Reasonable accommodation:

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people. Apply today and talk to us about your flexible working requirements and together we can achieve greater.

For further information, and to apply, please visit our website via the “Apply” button below.

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