eTeam ยท 2 days ago
Operations Analyst - Level 3 - Hourly
Jersey City, NJ
Contract
Onsite
Senior Level
$32/hr - $32/hr
5+ years expeTeam is seeking a Senior Standby Letter of Credit Specialist to manage transaction processing of standby letters of credit and related products. The role involves ensuring compliance with regulatory requirements and providing technical guidance in letter of credit transactions.
Information Technology
Responsibilities
Transaction processing of all Standby letter of credit, Guarantee and Documentary letter of credit trade finance products offered within the operational model in place at any given time:
Issuance and maintenance of standby letters of credit
Advising/Confirming and maintenance of standby letters of credit
Examination of default drawing and direct pay presentations (includes first or second examination function)
Processing of written correspondence and verbal communications with internal and external customers associated with the resolution of technical letter of credit construction subject matter and other associated extraordinary processes
Calculating and tracking fees and commissions
Issuance and maintenance of Documentary Letters of credit
Drafting (redlining) technical terms and conditions language to ensure proper construction of standby letters of credit, guarantees and documentary letters of credit
Reviewing transactions for regulatory compliance and anti-boycott violations
Interacting with various parties of letter of credit transactions to resolve disputes, issuance construction, provide first and second level technical guidance, etc
Perform various administration functions related to the maintenance of letter of credit files
Resolution in a timely manner of inquiries received from internal and external clients. Includes escalating any potential problems or seeking clarification as appropriate
Ensure that all transactions are completed within the set timeframes/deadlines established by TFO management
Stay current on Trade Finance Guidelines and Regulatory/Legal requirements by reference to related publications if available, active participation in designated in house or external training, and on the job training
Perform Ad-Hoc tasks as directed by Team Leader / Management
Qualification
Required
Standby Letter of credit technical Letter of Credit experience (5-7 years) knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5
Working knowledge of AML, OFAC and U.S. Anti-boycott regulations
Microsoft Office Suite
Familiarity with bank accounting related to trade finance products
Preferred
Standby and Documentary Letter of credit technical experience (10 years plus) superior knowledge of Uniform Customs and Practices for Documentary Credits (UCP 600), International Standby Practices (ISP98), and familiarity with Uniform Commercial Code Article 5
Exposure to an automated letter of credit processing environment
Good understanding of AML and OFAC Compliance regulations
Good understanding of Letter of credit contingent and fee accounting
Microsoft Office Suite
Good written and oral communications skills
Good understanding of drafting technical letter of credit terms and conditions for both standby/documentary credits
Company
eTeam
eTeam is a staffing agency that also provides payrolling services.
501-1000 employees
H1B Sponsorship
eTeam has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (36)
2024 (205)
2023 (11)
2022 (7)
2021 (24)
2020 (25)
Funding
Current Stage
Late StageTotal Funding
unknown2023-12-04Acquired
Leadership Team
Swetta Bhatt
CEO APAC & India
Aanchal Thakur
Founder and Global Director-Strategic Accounts
Recent News
2025-11-19
2025-08-21
Company data provided by crunchbase