Crédit Agricole CIB (CA-CIB) Canada is the home of Crédit Agricole CIB Canada Branch and Crédit Agricole Services & Operations.

The Canada Branch has offices in Montreal and Toronto providing financial services to Canadian Financial Institutions, Banks, Pension Funds & SSA and to large Canadian headquartered international corporations.

Crédit Agricole Services & Operations is hosting a part of all Crédit Agricole CIB’s support functions, from KYC, Back Offices, Risk, IT, Legal or Finance supporting our growing operations in the Americas and complementing our European and Asian operations platforms in a “follow the sun” approach.

When you join CA-CIB Canada, you are joining a certified Great Place to Work employer, and a highly engaged workforce.

Summary

The Team Leader Substitute is responsible for staff that administers the Bank’s letters of credit portfolio, specifically the issuance, confirmation, and advising Standby/Guarantees and Import/Export letters of credit as well as the associated invoicing process. He/she is reporting to the DGO Team Leader.

Key Responsibilities  

• Supervision of staff daily work
• Report into DGO Team Leader on a daily basis.
• Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank’s credit/ compliance procedures.
• Ensure timely processing of sensitive transactions and report to management any unusual or intricate transactions requiring review, discussion and or approval.
• Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.
• Approve required letter of credit documents.
• Manage daily maturity report to for maturing transactions.
• Review daily dashboard[s] to ensure all items have been processed
• Monitor pending inquiries, discrepancies and resolution of documents filed, ensure that all items are actively traced via correspondence with respective parties, tickler schedule and actively follow-up until payment is secured and transaction is finalized.
• Ensure amendment notices/confirmations are completed and forwarded to clients or commercial group by the L/C Administrator.
• Manage clearing/reconciling of open cash items and daily exceptions reported by the CBO Control Unit for L/C portfolio.
• Ensure that Letters of Credit file contains relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
• Approve outgoing SWIFT messages for LC transactions and manual wire transfers for payments, as required.
• Review and approve letter of credit authorizations entered by LC staff in ACBS from submitted ALTAR Closing Requests.
• Act as point of contact for periodic LC Compliance review and provide documentation requested for LCs being reviewed.
• Manage past due fee report for LC portfolio to insure accuracy and timely presentation for management reporting
• Prepare annual reviews for LC staff

Management and Reporting  

• Report to DGO Team Leader 
• Compliance Reports

Key Internal contacts   

• Control & Reconciliation team
• Various IT supports
• International Trade and Transaction Banking (ITB) Front and Middle Offices
• Compliance
• Finance

Key External contacts

Clients, as required

University Degree in a relevant field

• Minimum of 10 years commercial and standby letters of credit experience
• Knowledge of UCP 600/ISP 98/
• URDG 758
• Examination of all relevant trade finance documents
• Knowledge of all regulatory guidelines i.e. sanctions, OFAC compliance, anti-boycott and others
• Knowledge of SWIFT
• Word/Excel proficiency

• Team player
• Good presentation skills
• Good writing skills
• Good time management skills
• Good and constructive interaction with clients and colleagues
• Capacity to develop others
• Capacity to delegate
• Capacity to cooperate / work across discipline
• Capacity to take on board the strategy of Credit Agricole CIB and participate in actions to deliver
• Verbal and written communication skills in English and French required (You will need to service Anglophone clients and work with Anglophone colleagues)