Trade Finance Officer - Prestigious Bank - MARKET TALENT : Job Details

West End based bank is seeking well experienced all round Trade Finance Officer (Letters of Credit and Guarantess) to join their expanding Trade Services department. You will be joining a full team of 10 trade finance experts who are dealing with end to end processing including opening, amending and administering of LC's and guarantee trade facilities - Bid Bonds, Performance Bonds, Advance Payments etc. The bank offers hybrid working and is looking for someone with at least 5 years + guarantees and LC experience. Eximbills experience is a positive

Duties:

• Ensure that instructions from customers/branches of our Group and other banks regarding all aspects of guarantees are implemented within agreed turnaround times and are without errors.
• Ensure that copies of Guarantees issued are sent to customers and other banks and relative charges are collected/claimed promptly.
• Approve release of transactions on PC and sign hard copies where necessary at the request of the Senior Trade Services Officer or Deputy Head of Trade Services.
• Prioritise work in order to meet the urgency of customers’ requests as directed by the Senior Trade Services Officer or Deputy Head of Trade Services.
• Action all queries efficiently or refer these to the Senior Trade Services Officer as soon as they are received.
• Share responsibility for clearing outstanding reconciliation items in respect of Guarantees and any other items relating to Trade Services.
• Ensure that month end balancing of guarantees and commission accounts are done promptly
• Assist with any other Trade Services related roles as required by the Senior Trade Services Officer or Deputy Head of Trade Services.
• Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.
• Report policy, procedure and/or regulatory breaches or suspicions to Deputy Head or Head of Trade Services.
• Accurately execute all controls withinown area to minimise risk of policy, procedure, and/or regulatory breaches.
• Identify any new risks/control gaps within own area and escalate accordingly to your Line Manager and/orHead of Trade Services.