VP of DGO Operations
Apply NowCompany: Crédit Agricole CIB
Location: New York, NY 10025
Description:
Vacancy details
General information
Entity
About Crdit Agricole Corporate and Investment Bank (Crdit Agricole CIB)
Crdit Agricole CIB is the corporate and investment banking arm of Crdit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crdit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For more information, please visit www.ca-cib.com
Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
Reference
2025-98453
Update date
25/03/2025
Job description
Business type
Types of Jobs - Operations
Job title
VP of DGO Operations
Contract type
Permanent Contract
Job summary
Summary
Administration of the Bank's letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit. Ensuring daily workflow is properly processed and backup for approval and release of transactions. Management of all associated reconciliation issues and management of front office relationship.
Key Responsibilities
Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank's credit/ compliance procedures.
Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.
Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.
Prepare and execute required letter of credit documents using LCMS, Microsoft Word, or ACBS, as needed.
Review daily maturity report to ensure action has been taken by Administrators, as applicable, for maturing transactions.
Approve transactions to record standby/commercial letters of credit activity in ACBS and LCMS, Swift Alliance as required.
Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.
Ensure amendment notices/confirmations are completed and forwarded to clients or commercial group by the L/C Administrator.
Coordinate clearing/reconciling of open cash items and daily exceptions reported by the CBO Control Unit for L/C portfolio.
Ensure that Letters of Credit file contains relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
Ensure timely disbursement of funds, as required for LC drawings, and record transaction through the Bank's accounting system (ACBS) for accurate accounting and reporting.
Produce outgoing SWIFT messages for LC transactions and manual wire transfers for payments, as required.
Review past due fee report for LC portfolio to insure accuracy and timely presentation for management reporting
Management and Reporting
Provide support to and coverage for the DGO Team Leader
Positions Supervised: None
Key Internal contacts
Control & Reconciliation team
Various IT supports
International Trade and Transaction Banking (ITB) Front and Middle Offices
Compliance
Finance
Key External contacts
Clients, as required
Salary Range: $100k - $140k
#LI-DNI
Position location
Geographical area
America, United States Of America
City
NEW YORK
Candidate criteria
Minimal education level
High school / Secondary school / A levels / AS levels / IB
Academic qualification / Speciality
Required:
English language
Preferred:
College degree; Spanish language skills would be a plus
Level of minimal experience
11 years and more
Experience
Minimum of 10 to 12 years commercial and standby letters of credit experience - Experience with Commodity based clients.
Required skills
Team player
Good presentation skills
Good writing skills
Good time management skills
Good and constructive interaction with clients and colleagues
Knowledge of UCP 600/ISP 98/
URDG 758
Examination of all relevant trade finance documents
Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others
Knowledge of SWIFT
Word/Excel proficiency
Capacity to develop others
Capacity to delegate
Capacity to cooperate / work across discipline
Capacity to take on board the strategy of Credit Agricole CIB and participate in actions to deliver
CDCS Certification
Knowledge of ACBS
Knowledge of Trade Innovations
General information
Entity
About Crdit Agricole Corporate and Investment Bank (Crdit Agricole CIB)
Crdit Agricole CIB is the corporate and investment banking arm of Crdit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crdit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For more information, please visit www.ca-cib.com
Twitter: https://twitter.com/ca_cib
LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/
By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
Reference
2025-98453
Update date
25/03/2025
Job description
Business type
Types of Jobs - Operations
Job title
VP of DGO Operations
Contract type
Permanent Contract
Job summary
Summary
Administration of the Bank's letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit. Ensuring daily workflow is properly processed and backup for approval and release of transactions. Management of all associated reconciliation issues and management of front office relationship.
Key Responsibilities
Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank's credit/ compliance procedures.
Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.
Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.
Prepare and execute required letter of credit documents using LCMS, Microsoft Word, or ACBS, as needed.
Review daily maturity report to ensure action has been taken by Administrators, as applicable, for maturing transactions.
Approve transactions to record standby/commercial letters of credit activity in ACBS and LCMS, Swift Alliance as required.
Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.
Ensure amendment notices/confirmations are completed and forwarded to clients or commercial group by the L/C Administrator.
Coordinate clearing/reconciling of open cash items and daily exceptions reported by the CBO Control Unit for L/C portfolio.
Ensure that Letters of Credit file contains relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
Ensure timely disbursement of funds, as required for LC drawings, and record transaction through the Bank's accounting system (ACBS) for accurate accounting and reporting.
Produce outgoing SWIFT messages for LC transactions and manual wire transfers for payments, as required.
Review past due fee report for LC portfolio to insure accuracy and timely presentation for management reporting
Management and Reporting
Provide support to and coverage for the DGO Team Leader
Positions Supervised: None
Key Internal contacts
Control & Reconciliation team
Various IT supports
International Trade and Transaction Banking (ITB) Front and Middle Offices
Compliance
Finance
Key External contacts
Clients, as required
Salary Range: $100k - $140k
#LI-DNI
Position location
Geographical area
America, United States Of America
City
NEW YORK
Candidate criteria
Minimal education level
High school / Secondary school / A levels / AS levels / IB
Academic qualification / Speciality
Required:
English language
Preferred:
College degree; Spanish language skills would be a plus
Level of minimal experience
11 years and more
Experience
Minimum of 10 to 12 years commercial and standby letters of credit experience - Experience with Commodity based clients.
Required skills
Team player
Good presentation skills
Good writing skills
Good time management skills
Good and constructive interaction with clients and colleagues
Knowledge of UCP 600/ISP 98/
URDG 758
Examination of all relevant trade finance documents
Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others
Knowledge of SWIFT
Word/Excel proficiency
Capacity to develop others
Capacity to delegate
Capacity to cooperate / work across discipline
Capacity to take on board the strategy of Credit Agricole CIB and participate in actions to deliver
CDCS Certification
Knowledge of ACBS
Knowledge of Trade Innovations