About Us:
Crédit Agricole CIB is the Corporate & Investment Banking arm of the Crédit Agricole group. Crédit Agricole CIB offers its clients a large range of products and services in capital markets, investment banking, structured finance and corporate banking. The Bank provides support to clients in large international markets through its network, with a presence in major countries such as Europe, America, Asia Pacific and the Middle East.
About the Program:
Our 2-Year Analyst program is designed to immerse participants in the day-to-day activities of the IT & Operations Services (IOS) Division, specifically the Documentary & Guarantee Operations (DGO) team. Participants are assigned to specific teams and are also afforded job shadowing opportunities across the division. In an effort to provide the participants with a well-rounded experience, the curriculum will include, but is not limited to, the following:
• Collaborate with senior and junior mentors
• Complete assigned projects
• Participate in formal training
• Attend speaker series, networking and social events
Key Responsibilities upon inception:
- Daily track of invoices sent to customer’s, and trace as necessary.
- Incoming/outgoing mail for our offshore servicing branch.
- Enter transactions to record standby/commercial letters of credit activity in TI+/ACBS.
- Maintain up to date Letters of Credit file containing all relevant supporting documentation i.e. copy of executed letter of credit/ amendments and completed compliance checklist, when required.
- Coordinate with the Reconciliation team to ensure overdue items are reported in detail.
- Daily scanning of processed work for both Standby and Documentary Operations.
- SBLC Language review with UCP/ISP law
- Trade Innovation experience is preferred.
Key Internal contacts:
- CBO Control & Reconciliation team
- Corporate Banking Front Office.
- Offshore processing team
Future Additional Responsibility:
- Ensure that letter of credit transactions are in conformity with client instructions, UCP Publication 600/ISP98, and the Bank’s credit and compliance procedures.
- Provide assistance/support to clients and corporate groups on technical aspects and practices of letters of credit.
- Prepare and execute required letter of credit documents using Ti+, Microsoft Word, or ACBS, as applicable.
- Enter transactions to record standby/commercial letters of credit activity in ACBS/TI+.
- 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 timely disbursement of funds, as required for LC drawings, and record transaction through the Bank’s accounting system (ACBS)/TI+.
- Establish and maintain letter of credit authorizations based on details provided on submitted ALTAR closing request in ACBS.
Key Internal contacts:
- CBO Control & Reconciliation team
- IT application support
- Corporate Banking Front Office
- Compliance
- Offshore processing team
Qualifications:
- Eligible to work in the United States
- Candidate will not require visa sponsorship now or in the future, including but not limited to (OPT, CPT, F1, etc.)
- Graduation date between December 2024 and December 2025.
- Bachelor’s degree in Finance, Accounting, Economics, or a related field (in progress or recently completed).
- Strong attention to detail and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
- Proficiency in Microsoft Excel, Word, and Outlook.
- Excellent verbal and written communication skills.
- Ability to maintain accuracy and timeliness in tracking, documentation, and reconciliation tasks.
