Letter of Credit Specialist III (Hybrid) Position Available In Greater Bridgeport Planning Region, Connecticut

Overview:

Processes and supports complex Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines.

Primary Responsibilities:

Complete issuances and advisements of complex Commercial, Performance/Financial Standby, Direct Pay Standby Letters of Credit and/or Foreign Guarantees for customers in a timely and accurate manner. Complete document examinations and transfers of complex Commercial, Performance/Financial Standby, Direct Pay Standby Letters of Credit and/or Foreign Guarantees. Interpret legal documentation associated with complex letter of credit transactions. Monitor workflow and provide cross-training assistance for less experienced staff; provide feedback to management on progress of cross-training efforts. Participate as a member and/or leader of letter of credit project teams. Identify fraudulently presented items through the use of International Trade Finance (ITF) policies, procedures and controls. Review and release of letter of credit transactions and wire transfers as needed. Create transaction summaries and work with Compliance, Legal, Commercial and Business Banking as well as external counsel, foreign financial institutions and Bank customers. Provide guidance to less experienced personnel on non-standard letter of credit draft language. Understand and oversee of participated and syndicated letters of credit. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management. Promote an environment that supports belonging and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned.

Scope of Responsibilities:

The focus of this role is on executing and monitoring letter of credit transactions in support of the Commercial and Business Banking Departments of the Bank. The position reviews and releases letter of credit and wire transfers up to $10 mm as needed.

Education and Experience Required:

Bachelor’s degree and a minimum of 1 year’s related work experience, or in lieu of a degree, a combined minimum of 5 years’ higher education and/or work experience, including a minimum of 1 year’s related work experience Advanced understanding of ICC Guidelines, Anti-Boycott regulations, AML (Anti-Money Laundering) and OFAC (Office of Foreign Assets Control) Familiarity with letter of credit terms and conditions Experience working independently and in a team environment Experience interacting with all levels of the organization Detail-oriented High degree of accuracy Strong verbal and written communication skills Strong personal computer skills and intermediate knowledge of pertinent software products Strong customer service skills Strong organizational skills Strong analytical skills Strong problem-solving skills

Education and Experience Preferred:

International Trade Operations experience Commercial lending experience Certified Documentary Credit Specialist (CDCS) or other recognized International Trade Finance certification Ability to function as a project leader Knowledge of pertinent Bank systems M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $62,835.42 – $104,725.70 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation. Location Bridgeport, Connecticut, United States of America Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more. Ready to join our team? Submit your application today! If you are unable to apply through this site due to technical issues or need an accommodation to apply, please contact us at careersitesupport@mtb.com for assistance. M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws. M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.