Jobs and Careers

Analyst ,Operations - Letters of Credit

Ally Financial

300 Park Avenue, NY, United StatesRemotefull_timeVerifiedPosted 14 Jul 2026

💰 $115,000/yr($65,000/yr – $115,000/yr)

About the role

General information

Career area

Loan Administration/Operations

Work Location(s)

300 Park Avenue, NY

Remote?

Ref #

22767

Posted Date

07-09-26

Working time

Full time

Ally and Your Career

Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You’re constantly evolving, so shouldn’t your opportunities be, too?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

This role is based out of our NYC office.

The Operations Analyst - Letters of Credit (LC) has LC experience handling irrevocable standby LCs for middle-market leveraged deal structures, servicing agented or non-agented deals.

Individuals at this level can perform and coordinate all LC activities. Primary responsibilities include the direct handling of the LC process, specializing in standby LCs.

In addition, this position includes the administration of key segregated duties, including wire instruction setup for clients, co-lenders, and agents, and performing OFAC screening. The individual has a working knowledge of operational procedures, Sarbanes-Oxley (SOX), and risk frameworks and controls. Operations personnel at this level can handle their assigned workload with minimal supervision.

The Operations Analyst - LC should have experience working on the Loan IQ system or other commercial lending loan systems.

The Work Itself

The Operations Analyst is well-versed in all letters of credit activities and can perform, coordinate, and administer the following responsibilities:
Letter of credit applications, approvals, issuance, and amendments for direct deals as the issuing bank (Ally Bank) and on behalf of other issuing banks.
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