Consultant Letters of Credit

About Northern Trust:

Northern Trust a Fortune 500 company is a globally recognized awardwinning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the worlds most successful individuals families and institutions by remaining true to our enduring principles of service expertise and integrity. With more than 130 years of financial experience and over 22000 partners we serve the worlds most sophisticated clients using leading technology and exceptional service.

Major Duties:

1. Schedules meetings with internal partners speaking directly with clients attorneys and in house legal counsel regarding best practices UCP/ISP rules as they apply to letters of credits.

2. Acts as first point of reference for day to day queries and serves as liaison to related areas. Individual must be a subject matter expert on current Letter of Credit regulatory requirements and provide/document Risk Management/Mitigation feedback on all types of letter of credit transactions.

3. Carries out relative complex extensive high profile activities e.g. direct interaction with committees and more senior management. Individual at times will be involved with guiding front line partners with specific wording on Credit Arrangement sheets and other underwriting documentation. Including and not limited to negotiating with clients and attorneys ensuring that Northern Trust is not at risk.

4. Understand the underlying transaction giving rise to the issuance of a letter of credit and creatively arrive at an acceptable language that is both beneficial to client and the beneficiary while keeping within Northern best practice guidelines and Uniform Customs and Practice as well as the International Standby Practices rules and regulations and Incoterms in effect.

5. May lead projects as Subject matter expert and be involved with suggesting changes to current procedures and creating new procedures.

6. Act as back up when necessary to department manager in all aspects of decision making as it refers to letters of credit.

7. Carries out complex activities with significant financial client and/or internal business impact.

8. May have direct interaction with committees and/or Senior Management.

9. Able to serve as a key subject matter expert and mentor to other more junior level employees.

10. May manage daily operational activities and supervise daytoday work of junior level employees (but not a formal management role).

11. More technically sound in area of expertise and has broader knowledge of other areas.

12. Delivers a work product that requires less revision.

13. Able to facilitate discussions and reach decisions.

Knowledge:

Excellent oral and written communication skills are required in order to effectively interact with clients relationship Managers and legal Department within Northern as well as clients Legal representatives.

Letter of Credit knowledge and expertise and knowledge of the following as it refers to letters of credit: Compliance General Ledger Swift Loan booking and documentation preparation (LDU).

Highly flexible and adaptable to change. Team player trainer and leader.

Able to manage multiple priorities projects and tasks.

Experience :

A College or University degree or relevant proven letter of credit work experience in all aspects of Letter of Credit transactions (i.e. issuance commercial standby and documentary collections is preferred.

#LIHY

#LICL1

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits 401k and pension) health and welfare benefits (medical dental vision spending accounts and disability) paid time off parental and caregiver leave life & accident insurance and other voluntary and wellbeing benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged senior leaders are accessible and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

Wed love to learn more about how your interests and experience could be a fit with one of the worlds most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process please email our HR Service Center at .

We hope youre excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.