Job Title

LC Specialist Middle Office (Open-Ended Temporary Assignment) Our client, a well-established foreign bank with a U.S. presence in Midtown Manhattan, is seeking an experienced LC Specialist to join its Middle Office team on an open-ended temporary basis. This role will support complex Letter of Credit (LC) activity while also providing Middle Office backup coverage. The position is ideal for a seasoned banking operations professional who thrives in a structured, highly regulated environment and can operate independently with minimal oversight. MUST KNOW PROJECT FINANCE L/C and have experience issuing same. Experience with SWIFT Payments Key Responsibilities Letter of Credit (LC) Operations Review and validate LC documentation, including acceptable terms and language (in coordination with Legal as needed) Execute LCs, amendments, and term conversions Coordinate with fronting/advising banks and ensure proper SWIFT setup and message release Manage LC invoices to borrowers and oversee fee payments to fronting banks Monitor LC draws and coordinate liquidity with Treasury Provide operational memos for Avaloq system booking Monitor LC limits, availability, and compliance requirements Coordinate payoff, maturity, and closing of LC limits in Avaloq Act as Bilateral LC Agent and support agency-related functions Administrative & Oversight Functions Maintain LC tracking overviews and credit line monitoring for fronting banks Review Credit Agreements (CA), Facility Agreements (FA), and amendments for LC-related impact Monitor ratings triggers and compliance items Coordinate incoming/outgoing settlement instructions Assist with customer data tasks and Fed pledged loan reporting (backup coverage) Support department members as needed What We're Looking For 8+ years of experience in banking operations, trade finance, or LC administration Strong understanding of Letter of Credit lifecycle and documentation Experience coordinating with Legal, Treasury, Settlements, and Lending teams Working knowledge of SWIFT messaging Experience with Avaloq (strongly preferred) Ability to manage projects independently Strong attention to detail and regulatory awareness Comfortable working in a highly structured, foreign bank environment Ideal Candidate Profile Experienced middle-office banking professional Strong tactical execution skills (hands-on operator) Able to balance transactional processing with oversight responsibilities Clear communicator with cross-functional coordination skills Comfortable covering mid-to-large client portfolios Why This Opportunity Exposure to a foreign bank operating in the U.S. market High-impact LC role within a structured Middle Office team Opportunity to work independently in a senior-level capacity Open-ended assignment with potential for long-term engagement This role requires unrestricted U.S. work authorization. Employer sponsorship is not available. ACG Resources and our client partners are equal opportunity employers. All qualified applicants will receive consideration without regard to protected characteristics.