VP of the Letter of Credit department

My banking career spans a total of ** years, all of which was spent in the Letters of Credit Department, where I had responsibility for processing and managing all Trade Service Products as follows:

The Panther Group

Contractor Assigned to Deutsche Bank

03/06/2019 to 12/31/2019

Contracted to process Standby Letters of Credit. Key responsibilities are as follows:

• Review Credit Agreements for LC language and provide feedback to the front office

- DB as agent and LC Issuer

- DB as LC issuer only

- DB as LC participant only

• Build bilateral deals on LS2/Loan IQ based on Reimbursement Agreements &/or SBLC Agreements

• Draft & issue standby letters of credit

• Adherence to Uniform Commercial Codes

• Adherence to approved DB legal language

• Book issued letters of credit on LS2/Loan IQ

• Monitor LCs booked under DB agented deals using detailed spreadsheets

• Reconcile monthly with other LC issuers for DB agented deals

• Invoice clients directly for LC fees on Private Wealth deals

• Work with Bangalore ops team to reconcile SBLC fee payments

Capital One Bank – 10/1995 to 03/2016

Bank of New York – 02/1971 to 05/1992

I held various managerial positions for the above-mentioned periods, with responsibility for overseeing the Issuing, Documentary Review and Payments, and Documentary Collection functions, all within the Letters of Credit department. As a subject matter expert, and because of my exceptional performance, I was promoted to Assistant Treasurer, Assistant Vice President and then to my most recent level of Vice President. I possess expert first-hand knowledge of all Letters of Credit and Collection products under my responsibility. I was responsible for the following:

Documentary Examinations and Payments

Monitoring Junior and Senior Examiners

Foreign and Domestic Collections

Issuing and Payment of Commercial Letters of Credit

Issuing and Payment of Standby Letters of Credit

Bank to Bank Reimbursements

Customer Service

Reporting – Prepared monthly income and volume reports for review by Senior Management

Reporting – Compiled data for monthly and quarterly regulatory reports

Monitoring Staff Performance

Responsible for ensuring that all Letter of Credit staff received proper training

Prepared internal presentations

Evaluated all staff members on an annual basis

Prepared Performance Improvement Plans for staff members not performing to standard

Recommended salary increases for deserving staff members

Profit Planning, Budgeting, and Forecasting

Staples Incorporated

03/1995 to 10/29/1995

Title: Operations Manager

Supervised Nine employees

Enhanced Profitability and Store Performance

Responsible for the store’s front-end operations and all financial transactions

Customer Service

The Prudential Long Island Realty

09/1992 to 05/1993

Title: Licensed Sales Agent

Listing and selling homes in Nassau County, New York

Education:

BS in Business Administration, Liberty University, Lynchburg, VA – (Anticipated Spring 2020).

Specialization: Leadership

Attended Emmanuel High School - Saint Vincent and the Grenadines, West Indies

Immigrated to the USA and obtained my High School Equivalency Diploma, in 1971

I am a Commissioned Notary Public

Qualities:

Good command of the English language

Good interpretation skills

Excellent writing ability with competence to accurately get the message across.

MS word, Excel and Publisher

Management Courses

As mandated by Management, I attended various management courses as follows:

Time Management

Employee Relations

The Managers’ Job

Managing People

Managing Unit Performance

Effective Presentations

Business Writing

Seminars

As a part of my job responsibilities, I conducted the following seminars for our Division:

Conducted Letters of Credit Seminars for Clerical Staff

Conducted Seminars for Irving/BNY Officer Training Program

Conducted Seminars for Irving/BNY Foreign Bank Executives

Teaching

Due to my extensive knowledge of Letters of Credit and Documentary Collections, I was given the opportunity to teach the Export/Import Letters of Credit course for the World Trade Institute. Classes were taught out of JFK International Airport.

Contact this candidate