ob Description
Technical Requirements & Experience
- 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
- Good written and oral communications skills
- Good understanding of drafting technical letter of credit terms and conditions to ensure proper construction of standby/guarantee/documentary credits
Role Overview
The function covers objective assurance and consulting activity designed to improve an organization operations by evaluating and improving the effectiveness of risk management, control and governance processes.
Key Responsibilities
- May also be responsible for liaising with the Risk and Compliance functions
- This role is found where individuals cover a broad area of responsibilities rather than focusing on one specific role
- Responsible for the evaluation and monitoring of a company risk management, control and governance practices, with recommendations for improvement where necessary and best practices
- Makes recommendations to Business Unit Owners
- Provides detailed feedback to business unit management