Letter of Credit Officer jobs in Wilmington, DE

Letter of Credit Officer obtains necessary information to process and complete letters of credit and related financial transactions. Verifies all documentation for accuracy and completeness. Being a Letter of Credit Officer ensures all credit data is evaluated and adheres to bank policies and procedures in order to approve or deny applications. Provides support to lending officers and trade specialists. Additionally, Letter of Credit Officer may require a bachelor's degree. Typically reports to a manager or head of a unit/department. The Letter of Credit Officer gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Letter of Credit Officer typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)

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Senior credit officer
  • Hispanic Technology Executive Council
  • Wilmington, DE FULL_TIME
  • The Risk Policy Senior Officer II is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business.

    Recognized subject matter expert within one area. Strong commercial awareness is a necessity. Is an acknowledged authority both within and outside area of expertise.

    Typically a small number of people within the business that provide the same level of expertise. Excellent communication skills required in order to negotiate internally, often at a senior level.

    Some external communication is typically required. Provides advanced judgment and conducts in-depth quantitative or qualitative analysis to solve problems and develop new, innovative solutions.

    Required to think beyond existing solutions, assumptions or current knowledge of sophisticated areas. Significant impact on a function and / or the business through making decisions that determine technical approaches and strategies for the area.

    Responsibilities :

    • Lead front-end quality assurance around originations and underwriting for Citi's business
    • Develop, implement and manage the key business indicator framework that will define Citi's Quality Control process and results
    • Perform detailed analysis of Citi change control requests, facilitating test scenario walk through walk-throughs with the QA and Risk Teams as well as business units to ensure test coverage for each new request.
    • Communicate results internally and externally to regulators and recommend specific actions to be taken to minimize defects and reduce risk
    • Present data / analysis to Senior Management to ensure understanding of identified risks and where appropriate, recommend solutions and manage their implementation
    • Work collaboratively with Sales, Marketing, Originations, Servicing and other business partners to develop and execute performance improvement plan
    • Assists the in-business Chief Risk Officer in tracking and reviewing Risk Management and business goals against all forms of Operational Risk, including appropriate capacity levels, outsourcing and vendor management, appropriate pricing, REO levels and contractual obligations to our investors
    • Provide appropriate feedback to staff as it relates to quality control findings and overall performance.
    • Perform analytics to track, interpret and improve Q / C results with our business in order to optimize earnings and minimize risk.
    • Use broad discretion in developing solutions for cross-functional business reporting issues.
    • Manage a variety of broad based and complex relationship and Operational issues requiring conceptual analysis.
    • Serve as a key resource for interpreting all data / metrics related to Risk.
    • Manage multiple high priority and visible projects. Leverage and allocate necessary resources.
    • Partner with process engineering to ensure appropriate Operations & Technology value propositions and go-to-market strategies are developed and implemented
    • Document information, present / participate in Business Review and perform other risk management reviews as needed.
    • Manage ongoing interaction with all 3rd party agencies including calibration, QA plan review, monthly meetings, etc.
    • Use broad discretion in developing solutions for cross-functional business reporting issues
    • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

    Qualifications :

    • 15 years relevant experience
    • Demonstrated track record of success in risk policy, operations, people management, and underwriting
    • Demonstrated track record working with regulators
    • Ability to effectively communicate complex topics to a broad audience
    • Proficient analytical and quantitative capabilities
    • Ability to work effectively with a great degree of independence and to lead multiple projects and teams simultaneously
    • Consistently produce high quality work, fine-tuned to the audience
    • Effective Leadership, interpretive and problem solving skills are required
    • Experience in working at similar seniority level
    • Excellent written and verbal communication skills

    Education :

    This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

    Job Family Group : Risk Management

    Risk Management

    Job Family : Risk Policy

    Risk Policy

    Time Type : Full time

    Full time

    Primary Location :

    Wilmington Delaware United States

    Primary Location Salary Range :

    $170,000.00 - $300,000.00

    Citi is an equal opportunity and affirmative action employer.

    Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

    Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities.

    If you are a person with a disability and need a reasonable accommodation to use our search tools and / or apply for a career opportunity review Accessibility at Citi .

    View the " EEO is the Law " poster. View the EEO is the Law Supplement .

    View the EEO Policy Statement .

    View the Pay Transparency Posting

    Last updated : 2024-03-03

  • 13 Days Ago

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Tax Preparer (Accounting Officer)
  • Farm Credit Council
  • Dover, DE FULL_TIME
  • Are you looking for a career opportunity that provides a good work/life balance, provides career development opportunities, and allows you to directly support the agriculture industry? Overview Horizo...
  • 1 Day Ago

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Vice President, Credit Portfolio Officer (Acquisition Credit Risk) - Hybrid
  • Hispanic Technology Executive Council
  • Wilmington, DE FULL_TIME
  • The Credit Portfolio Officer is a senior-level position responsible for leading activities including credit review, credit approvals and monitoring the portfolio to identify credit migration in coordi...
  • 1 Month Ago

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Director, Credit Risk Senior Officer II
  • Hispanic Technology Executive Council
  • Wilmington, DE FULL_TIME
  • The Risk Policy Senior Officer II is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Recognized subject matter ...
  • 14 Days Ago

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Director, Credit Risk Senior Officer II
  • Citi
  • WILMINGTON, DE OTHER
  • The Risk Policy Senior Officer II is a strategic professional who closely follows latest trends in own field and adapts them for application within own job and the business. Recognized subject matter ...
  • 15 Days Ago

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VP Institutional Banking Credit Officer II (Remote)
  • The Bancorp Bank, N.A.
  • Wilmington, DE FULL_TIME
  • VP Institutional Banking Credit Officer II (Remote) Job Location US-DE-Wilmington Type Full Time Overview Work Arrangement***This is a remote position and can be located anywhere in the U.S.A.*** Perf...
  • 2 Days Ago

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0 Letter of Credit Officer jobs found in Wilmington, DE area

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Adjunct Instructor - Mathematics
  • Delaware Technical Community College
  • Wilmington, DE
  • **Adjunct Instructor - Mathematics** Below you will find the details for the position including any supplementary docume...
  • 3/18/2024 12:00:00 AM

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Internal Revenue Agent (TEMP NTE 1 YR MBE, MBP)
  • Internal Revenue Service
  • Philadelphia, PA
  • Summary Click on "Learn more about this agency" button below to view Eligibilities being considered and other IMPORTANT ...
  • 3/17/2024 12:00:00 AM

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Legal, Commercial Real Estate Lawyer, Vice President
  • Goldman Sachs
  • Wilmington, DE
  • MORE ABOUT THIS JOB: Commercial Real Estate Lawyer Needed To Support Corporate Real Estate Legal / Americas from Wilming...
  • 3/17/2024 12:00:00 AM

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Executive Assistant-Orthopedics
  • Nemours Children's Health
  • Wilmington, DE
  • Job Description Nemours is seeking an Executive Assistant to support our Orthopedics department in Wilmington, DE. Prima...
  • 3/17/2024 12:00:00 AM

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24-46 Tenure-Track Assistant Professor of Computer Science
  • West Chester University
  • West Chester, PA
  • Location : West Chester University, PA Job Type: Regular / Full-Time Job Number: 24-46 Department: College of Sciences &...
  • 3/17/2024 12:00:00 AM

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Adjunct Instructor - Diagnostic Medical Sonography (Echocardiography)
  • Delaware Technical Community College
  • Wilmington, DE
  • **Adjunct Instructor - Diagnostic Medical Sonography (Echocardiography)** Below you will find the details for the positi...
  • 3/16/2024 12:00:00 AM

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Branch Manager - Storage Solutions
  • Mobile Mini, Inc.
  • Chester, PA
  • Location: West Chester , PA At Mobile Mini, our Branch Managers oversee portable storage solutions for businesses, home ...
  • 3/15/2024 12:00:00 AM

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Auto Repossession Specialist
  • Citadel Frederal Credit Union
  • Exton, PA
  • Job Description Job Description Job Overview This position is responsible for review and completion of all requirements ...
  • 3/14/2024 12:00:00 AM

According to the United States Census Bureau, the city has a total area of 17.0 square miles (44 km2). Of that, 10.9 square miles (28 km2) is land and 6.2 square miles (16 km2) is water. The total area is 36.25% water. The city sits at the confluence of the Christina River and the Delaware River, about 33 miles (53 km) southwest of Philadelphia. Wilmington Train Station, one of the southernmost stops on Philadelphia's SEPTA rail transportation system, is also served by Northeast Corridor Amtrak passenger trains. Wilmington is served by I-95 and I-495 within city limits. In addition, the twin-s...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Letter of Credit Officer jobs
$53,830 to $89,185
Wilmington, Delaware area prices
were up 1.0% from a year ago

Letter of Credit Officer in Great Falls, MT
Verifies and approves air releases and steamship guarantees for Letters of Credit.
December 22, 2019
Letter of Credit Officer in Pittsfield, MA
There are plenty of opportunities to land a Credit Officer position but it won’t just be handed to you.
February 23, 2020
Letter of Credit Officer in Lawrence, MA
This is clearly a very important part of trade and where international trade is taking place, a Letter of Credit Officer is often critical to the trading process.
January 01, 2020