Trade Finance Specialist

4 days ago

New York, New York, United States I.N.G. Group, LLC Full time
About the Role:

The Letters of Credit Associate will be responsible for the timely handling of all aspects of Trade Commodity Finance Operations. This includes the review, vetting, and drafting of Standby and Commercial Letters of Credits. The ideal candidate will have strong attention to detail, knowledge of international trade regulations, and proficiency in financial analysis.

Key Responsibilities:
  • Issuance, Advising, Amending, and Confirming of Letters of Credit
  • Process Transfers and/or Assignment requests
  • Reporting
  • Fee reconciliation and billing
  • Preparation, negotiation, and settlement of all Letters of Credit
  • Coordinate internal operational support including Risk Management, P&R, Treasury, and security settlement
  • Processing of payments on conforming documents
  • Maintenance of pending documentary presentation
  • Review and identify discrepancies in documents presented under Letters of Credit

Requirements:
  • Bachelor's degree in Finance, Accounting, Business, Economics, Mathematics, or closely-related quantitative field from an accredited U.S. school (or equivalent)
  • 4+ years of relevant Letters of Credit experience

About the Team:

The successful candidate will collaborate harmoniously with a team of 5 dedicated professionals under the guidance of a supportive and experienced manager. The team is known for their strong foundation, enterprising spirit, and unwavering commitment to absolute integrity.

About ING:

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.

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