CORPORATE BANKING OPERATIONS – ASSOCIATE – 90K
Global leader in international banking and finance seeks a Corporate Banking Associate to join their team with a minimum of 5-10 years of experience working with the processing of Loans, Letters of Credit, and Funds Transfer activities. The desired individual will be responsible for the processing of commercial loans, will require some knowledge of Standby Letters of Credit, and Funds Transfer. Knowledge of Loan Syndications & Trading Association, Inc. (LSTA) processing terms (assignments, sales, delayed comp, various fees, terminations, etc.), and the ability to perform calculations related to all aspects of loan activities (Loan sales/purchases through assignments, delayed comp., ticking fees, etc.) is necessary. Familiarity with Fed Wire, CHIPS, Book Transfers, and related terms and knowledge of Standby LC’s processing including drafting, issuance, amendments, transfers, assignments of proceeds, billing and fee reconciliation is desired. The preferred candidate will be able to possess the ability to reconcile A/C Payable/Receivable, interest and fees, communicate with agent banks and Corporate/Treasury front offices, and monitor/verify accuracy of various departmental reports. Good PC (Microsoft Word & Excel) skills, communication (written & verbal); accuracy & attention to details with knowledge of Midas and OFAC checking/screening desirable. College degree or equivalent experience required.
Compensation: Excellent Base Salary, Benefits, Profit Sharing and Bonus