Standby L/C Sr service technician

A global financial powerhouse, J.P. Morgan Chase & Co. is an industry leader. With 100,000 employees in over 50 countries, we draw on a full range of capabilities to provide integrated financial solutions for institutions and individuals worldwide. What does this mean for you, the job seeker?
Opportunity! Our broad range of financial services activities, from investment banking to retail banking to e-finance, offer an exceptional range of career options for individuals. If you are interested in working in an environment where leadership, excellence, initiative and diversity are among our core values, then explore the opportunities at J.P. Morgan Chase & Co.

Performs complete, detailed and in-depth duties for the Standby Letters of Credit department customers. Incumbents have extensive knowledge and experience in all phases of Standby L/C transactions.

Major Functions:
Under minimal supervision, performs the most complex, non-standard and sensitive issues:
Assist in the training of junior staff.
Makes inquiries and resolves problems on behalf of any involved party. The inquiries and problems are generally complex and non-standard in nature.
Issues amendments to original Stqandby Letters of Credit agreements at the request of involved parties.
Responsible for all telephone, written and telex correspondence with customers.
Input all Standby Letters of Credit information into the GTS computer system.
Checks incoming Standby Letters of Credit documents for conformity with the original Standby Letters of Credit terms and conditions.
Process Standby Letters of Credit payment transactions based on threshold amounts determined by the SBL/C department.
Responsible for converting payments into foreign currency (if required).

Perform extensive quality reveiw of all types of SBLC transactions.
Performs additional responsibilities as assigned.


Extensive knowledge of all phases of Standby Letters of Credit transactions
PC skills
Computation skills
Thorough knowledge of the GTS systems
Ability to plan
Ability to follow complex methods and procedures in the performance of varied routine and non-routine tasks
Good verbal and written communication skills
Working knowledge of ICC rules, bank operations and guidelines for processing Letters of Credit
Must have at least 2 years of Standby L/C banking experience