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Job Title: Credit Admin Officer
Job Location: NY: New York
Pay Rate: Open
Job Length: full time
Start Date: 2008-08-27

Company Name: RBC Financial Group
Contact: Recruiter
Phone: email only please
Fax: email only please

Description: Credit Admin Officer

Posting Start Date: April 22 2008 Job Category: Credit

Job Type: Full-Time

Employment Type: Regular - U.S.

Pay Type: Salaried /tr Exempt/ Non-Exempt: N/A

Work Schedule:

Work Hours/ Week: na

People Manager: No

Posting End Date:

Legal Entity: RBC New York & CMA

Work Environment: Office

Location: New York

City: New York Office/ Branch Address: 1 Liberty Plaza Relocation Provided: No

Travel Percentage: 0

Fluent In: English

Req ID#: 89211

Position Purpose: PURPOSE: To support Credit Administration in processing of Letters of Credit and related transactions. Key Accountabilities: KEY RESULT AREAS: . Issuance of Standby Letters of Credit (LCs), amendments thereto, examination of documents presented under the LCs and decision payments, all in accordance with the international standard banking practices and RBC policy and procedure. . Report to Agency Services LC activities under syndicated facilities. . Prepare Fax/email LC Fee invoices to clients and follow up on payments. . Verify the accuracy of Fees payments received from Agency Services on Fronted LCs. . Verify the transactions listed above processed by associates. . Review and promptly act on the Daily Fees Due Today Report, Auto Renewal Report and Loan Fee Delinquency Report. . Ensure that any adjustments to fee accrual and P&L are properly authorized and reported to comptrollers office. . Maintain accurate record of fronted LCs and make prompt and timely adjustments to the spreadsheet tracking mitigated risk. . Ensure that all transactions processed comply with KYC and AML guidelines, Anti-boycott compliance, OFAC, FinCEN, USA Patriot ACT and other sanctions imposed from time to time by various government/regulatory agencies. . Meet or exceed the service delivery expectations in terms of quality and timeliness as measured against department service standards, market standards and feedback from clients, and relationship managers. . Support all activities associated with Trade LC processing.

STAFFING SPECIFICATIONS: . Thorough knowledge of all aspects of letters of credit and ability to interpret and apply various related rules, regulations and applicable law. . Strong analytical, problem solving, planning and organization and communication skills. . Ability to apply technical solutions to business problems. . Ability to identify and eliminate/reduce risk associated with letters of credit. Job Requirements: (Knowledge/ Experience): AUTHORITIES/IMPACT: Heavy reliance is placed on the incumbents knowledge, skills and judgment in structuring letters of credit and in making the decision to effect payments thereunder. Errors could pose reputational risk and result in substantial operating loss to the bank. Failure to observe the regulations governing Anti-boycott, OFAC and other sanctions imposed from time to time by various government agencies could subject the bank to severe penalties.

KEY CONTACTS: . Corporate Clients . Relationship Managers . Correspondent banks . CTM . Agency Services . Compliance Department . Finance - Local . Global Banking Service Center . RBC Branches, rep. offices, subsidiaries and affiliates . Risk Management . Equifax Required Skills/ Competencies/ Attributes: Education: BA/BS Required Accreditation(s): Special Conditions: na Diversity: Diversity in the workplace, one of our shared values, lies at the heart of our rewarding, open, supportive and inclusive work environment. We respect and respond to the many competing and evolving priorities in our lives so you can focus on what you can do best - put clients first. EOE/M/F/D/V About RBC: Interested in finding out more? Clickhere.

Please refer to Job code rbc-228096 when responding to this ad.

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