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Trading Operations Loans- Stand by Letter of Credit Administrat

Company: Deutsche Bank - US
Location: Jacksonville
Posted on: January 15, 2019

Job Description:

Operations Operations provides support for all of Deutsche Bank's businesses to enable them to deliver transactions and processes to clients. Our people work in established global financial centres such as London, New York, Frankfurt and Singapore, as well as specialist development and service centres in locations including Bucharest, Moscow, Pune, Dublin and Cary. We process payments in excess of a trillion euros across the bank's platforms, support thousands of trading desks and enable millions of banking transactions, share trades and emails every day. A dynamic and diverse division, our objective is to make sure that all our services are executed in a timely and professional manner, that risk is minimised and that the client experience is positive. We are proud of the professionalism of our people, and the work they do. In return, we offer excellent career development opportunities to foster skills and talent. Position Overview Job Title:: Trading Operations Loans- Stand by Letter of Credit Administrator Corporate Title: Assistant Vice President Location: Jacksonville, FL About Deutsche Bank We are Germany's leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific. We're driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients' real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients. Deutsche Bank is a client-centric global universal bank. One that is leading change and innovation in the industry - championing integrity, sustainable performance and innovation with our clients, and redefining our culture and relationships with each other. Deutsche Bank provides various financial instruments and solutions to a wide variety of clients. Deutsche Bank acts an Issuing Bank for Standby Letters of Credit. This product is offered across Asset Wealth Management (Private Clients), Corporate Investment Banking (Large Corporates) and Global Transaction Banking (Large structured transactions for trade finance) Overview Within GTO Operations, the GTO Loans group is a global organization responsible for the operational support of corporate lending products across the full range of Deutsche Bank lending businesses including Markets and CIB; including the issuance of Stand by Letter of Credit. GTO Loans teams are organized geographically and functionally and align with business and infrastructure partners. The New York team support SBLCs issue by the entities, Deutsche Bank AG, New York Bank and Deutsche Bank Trust Company of Americas. You will be responsible for insuring appropriate conformance to UCCs and to approved language and terms for SBLC issuance and risk. Key Responsibilities Business Facilitation & Support Functional responsibilities will include but not limited to:

  • Review Credit Agreements for LC language and provide feedback to front office
  • Deutsche Bank as agent and LC Issuer
  • Deutsche Bank as LC issuer only
  • Deutsche Bank 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 Deutsche Bank legal language
  • Book issued letters of credit on LS2/Loan IQ
  • Monitor LCs booked under Deutsche Bank agented deals using detailed spreadsheets
  • Reconcile monthly with other LC issuers for Deutsche Bank agented deals
  • Invoice clients directly for LC fees on Private Wealth deals
  • Work with Bangalore ops team to reconcile SBLC fee payments Requirements:
    • Able to work in fast paced environment
    • Keeping pace with technical innovation and market driven initiatives and maintain a broad understanding of the GTO offering
    • Education: Bachelor degree or equivalent
    • Previous experience in the loan industry
    • Stand By Letter of Credit Issuer
    • Deal Administration: Syndications/Agency
    • Knowledge of the workings of a Stand by Letter of Credit
    • Strong desktop skills
    • MS Office (Excel/Powerpoint)
    • LS2 (Loan IQ) preferred Within GTO Operations, the GTO Loans group is a global organization responsible for the operational support of corporate lending products across the full range of Deutsche Bank lending businesses including Markets and CIB; including the issuance of Stand by Letter of Credit.

      Keywords: Deutsche Bank - US, Jacksonville , Trading Operations Loans- Stand by Letter of Credit Administrat, Accounting, Auditing , Jacksonville, Florida

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