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Founder & MD @ IPOE Consulting – Let’s team up for excellence! AKA the running recruiter.
Trade Finance Officer
Principal Purpose of the Job:
Perform tasks related to import and export initiation and settlement business, including L/Cs, Clean and Documentary Collections, Bank Guarantees, trade finance business. AML system checking and assessment on trade transactions.
- Handle all aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc.
- Manage all aspects of export transactions including: L/C advising, L/C confirmation, document scanning.
- Provide trade-related finance solutions such as packing loans, factoring, bills discounting, forfaiting, and funded or unfunded risk participation.
- Calculate fees and interests accurately for relevant transactions.
- Liaise with clients regarding documentary import and export letters of credit, following established procedures.
- Check documents for compliance with letters of credit terms and conditions.
- Proficiently check payments with knowledge of SWIFT rules.
- Follow up promptly on irregularities with customers.
- Liaise with clients on L/C transaction matters.
- Assist the Head of Institutional Banking in preparing trade finance statistical reports for management and head office.
- Manage funds positioning.
- Perform internal accounting reconciliations with Credit Administration, Corporate Banking, and Financial Control departments.
- Register transactions as per procedures.
- Conduct CDD and AML checks on trade services and other product lines as per bank policy.
- Maintain AML check evidences for audit purposes and report/supervise suspicious transactions to MLRO per AML policy.
Skills Required:
- Experience in trade finance, preferably with an international bank.
- Knowledge of Trade Compliance, UCP 600, and MT Swift messages.
- Accuracy and adaptability to workflow changes.
- Strong analysis, planning, and organizational skills.
- Effective teamwork and communication skills.
Candidates must have the right to work in the UK. Sponsorship is not offered for this position.
Due to high volume of applications, only successful candidates will be contacted. Thank you for your patience.
Seniority level
- Associate
Employment type
- Full-time
Job function
- Analyst
Industries
- Banking
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