Connecting clients to markets – and talent to opportunity

With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.

Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, The StoneX Group is made up of four segments that offer endless potential for progression and growth.

Commercial: With boots on the ground authenticity at the heart of everything we do, our comprehensive array of commercial products and services enable you to work directly with our clients, across hedging, risk management, execution and clearing, OTC products, commodity finance and more.

Position Purpose:

The Letter of Credit Specialist is an essential member of the trade finance team, focusing on the management and execution of letter of credit (L/C) transactions. This role requires a deep understanding of international trade finance, banking procedures, and regulatory compliance. The specialist ensures that all L/Cs are issued, amended, and negotiated accurately and efficiently, while mitigating risks associated with international trade.

The LC Specialist Officer is responsible for the accurate and compliant processing of letters of credit for import and export transactions. This role ensures that all terms and conditions are met, verifies documentation, and maintains compliance with relevant regulations, while also coordinating with banks and internal departments. The officer supports international trade activities by facilitating smooth transaction execution and maintaining detailed transaction records.

Primary duties will include: 

• LC Processing and Compliance:

- Ensure all terms and conditions of export and import L/C are met by verifying documentation thoroughly.

- Manage the allocation and verification of L/C to the banks, ensuring compliance with UCP 600 and other relevant international trade rules.

- Monitor the receipt of export L/C drafts and finalized documents, requesting amendments as necessary.

• Coordination and Communication:

- Liaise with banks to allocate L/Cs and obtain confirmation approvals, including pricing quotations.

- Collaborate with the OPERATIONS department to ensure documents from origins and internally required documents are prepared accurately and in compliance.

• Transaction Management:

- Prepare and send import L/C issuing requests to the banks, ensuring accuracy and timeliness.

- Monitor receipt of down payments for sales on a documentary collection basis and ensure correct processing of shipping instructions.

• Record Keeping:

- Maintain meticulous records of all transactions within the company's CTRM system to ensure accuracy and compliance with record-keeping standards.

• Issues Resolution:

- Act as a liaison between the bank, agents, or clients to resolve any discrepancies or issues related to L/C transactions.

To land this role you will need:

- Bachelor’s degree in Finance, International Trade, Business Administration, or related fields.

- Fluent in English, any other language is an asset

- Experience in handling trade finance instruments, particularly letters of credit. 

- Knowledge of international trade rules, including UCP 600.

- Proficiency in trade finance and compliance software systems.

Working environment:

• Hybrid