Letter of Credit Specialist I

Reposted 8 Days Ago
Be an Early Applicant
2 Locations
In-Office
23-38 Hourly
Mid level
Fintech
The Role
Processes commercial and standby letters of credit, including amendments, fraud detection, risk controls, regulatory compliance, and audit requirements. Supports customer service, cross-training, project teams, and escalation of risk issues while following ICC guidelines and bank policies.
Summary Generated by Built In
Overview:

Processes and supports Letter of Credit transactions in adherence to ICC (International Chamber of Commerce) guidelines to minimize risk to the Bank.

Primary Responsibilities:
  • Process amendments of Commercial and/or Performance/Financial Standby Letters of Credit for customers in a timely and accurate manner.
  • Provide cross-training assistance for less experienced staff; provide management feedback on progress of cross-training efforts.
  • Participate as a member of letter of credit project teams as required.
  • Identify fraudulently presented items through use of International Trade Finance (ITF) policies, procedures and controls.
  • 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:Supervisor/Managerial Responsibilities:Education and Experience Required:

High school diploma or equivalent (GED) and a minimum of 3 years’ work experience

Strong customer service skills

Strong verbal and written communication skills

Education and Experience Preferred:

International Trade Operations experience

Commercial lending experience

Knowledge of pertinent Bank systems

Physical Requirements:

N/A

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $22.61 - $37.67 Hourly (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

LocationBaltimore, Maryland, United States of America

Skills Required

  • High school diploma or equivalent GED
  • Minimum of 3 years of work experience
  • Strong customer service skills
  • Strong verbal and written communication skills
  • International trade operations experience
  • Commercial lending experience
  • Knowledge of pertinent bank systems

M&T Bank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about M&T Bank and has not been reviewed or approved by M&T Bank.

  • Retirement Support Retirement benefits are positioned as a strong pillar, including a 401(k) match and the possibility of an additional employer contribution, plus access to an employee stock purchase plan.
  • Leave & Time Off Breadth Time-off offerings are framed as competitive, with a flexible PTO approach and paid volunteer time called out as a meaningful add-on to standard leave.
  • Wellbeing & Lifestyle Benefits Wellbeing support appears comparatively robust, highlighted by mental-health therapy/coaching sessions and broader wellness programming alongside community-oriented perks.

M&T Bank Insights

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The Company
HQ: Buffalo, NY
21,590 Employees
Year Founded: 1856

What We Do

M&T Bank is a multi-state community-focused bank serving New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington, D.C. Founded in 1856, the company provides banking, investment, insurance and mortgage financial services to more than 3.6 million consumer, business and government clients.

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