Letter of Credit Manager - Los Angeles, CA

Did you know Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $70 billion?  We have local operations and management teams in 11 western states and we are dedicated to making a difference in our local communities and we haven’t forgotten who keeps us in business, meaning we’re committed to the success of our customers, and our employees!  The possibilities are endless – come for a job, stay for a career! California Bank & Trust is a division of Zions Bancorporation.

We are currently looking for a Letter of Credit Manager to join our team in Los Angeles, CA.

Essential Functions:

• Manages a staff to ensure the efficient handling of all trade finance transactions, including letters of credit, banker's acceptances, documentary collections, confirmations, discounted banker's acceptances are handled efficiently and in compliance with regulatory guidelines.
• Provides technical assistance and advice to lending officers and trade specialists in regards to letter of credit activities.
• Ensures the proper issuing, amending, and documentation of letters of credit and related transactions.
• Ensures that all documentation received with drafts is reviewed and found to be in accordance with credit terms before paying or accepting.  
• Maintains excellent relations with customers, inter-departments, correspondent banks and government agencies.
• Actively participates and proactively supports customers' needs.
• Contributes consistently for over-all efficiency and team-work.
• Demonstrates a willingness to take on responsibility and to assist others/colleagues to achieve the department's goals and upholds the bank's name.
• Structure Letters of Credit; Counter-Guarantees; Guarantees; Export Letters of Credit; Silent Confirmations and Discounting.
• Responsible for training and supervision of staff. 
• Resolves unusual  and complex problems.  
• Works closely with lending and new business officers to expedite transactions and assists with problems.
• Provides for the proper maintenance of records and files, as well as information pertaining to rates, fees, activities, etc.
• Maintains and updates operations procedures as needed to ensure that procedures align with polices and to avoid incurring audit exceptions.
• May function as a point of contact for control groups including Compliance, Audit, Risk & Legal.
• May act as subject matter expert or project lead for projects including back office system updates.
• Responsible to train and mentor staff.
• Responsible to hire, fire and conduct performance reviews.  
• Other duties as assigned.

Qualifications:

Requires a Bachelor's degree in business, finance or a related field and 4+ years of directly related experience with letter of credit and  advising/confirming Export and Letters of Credit; including 1+ years experience managing letter of credit operations or other directly related experience. Managerial or supervisory experience required. A combination of education and experience may meet requirements.

Benefits:

• Medical, Dental, and Vision Insurance 
• Employer-paid Life Insurance
• 401(k) plan + generous company matching
• Competitive compensation commensurate with work experience (some roles include incentives, mileage + travel time pay, and/or parking waivers.
• Paid Time Off (Vacation, Federal Holidays, Sick)
• Tuition Reimbursement for qualifying employees
• Promotional opportunities offered from within