Rev & Regs are recruiting for a Trade Finance Officer (Senior) role for a dynamic and well-established bank who offer both retail and wholesale banking products and services to private, corporate and institutional clients.
Responsibilities:
- Sound knowledge of UCP 600, URC 522, ISP98, URDG 758, ICC Incoterms 2010 and 2020.
- Understanding of Trade AML and Due Diligence.
- Ability to multi-task and maintain poise under pressure.
- Ensure the expeditious processing of transactions accurately and in line with set service standards, policies, procedures and regulatory requirements.
- Trade due diligence.
- Process Trade transactions.
- To review all transaction monitoring in line with the bank policy to confirm/clear suggested matches and escalating any possible matches to the Head of the Department.
- Maintain a current understanding of money laundering, proliferation Financing and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
- Assist with AML Compliance Training.
- Effective supervision of your team to ensure efficiency, strict compliance with controls, capacity management and performance optimisation.
- Ensure awareness and alertness to money laundering risks and adherence to set anti money laundering procedures.
- Strong liaison with the Compliance department, ensuring implementation of compliance policies and procedures and proactively alerting compliance issues.
- Ensure timely identification of point of service failures and the implementation of corrective measures.
- Ensure prompt reconciliation and proofing of all ledger accounts and efficient resolution of long-standing reconciliation items.
- Adopting a zero tolerance for processing errors and ensuring that all errors are identified and addressed same day.
Experience:
- Minimum of 4 years’ experience in trade operations.
- Good knowledge of Trade due diligence.
- Experienced back-office professional with strong analytical skills and a proven track record in the financial services industry, preferably a commercial bank.
- Must have excellent understanding of the International Trade operations framework of a financial institution and knowledge of general operational policies.
- Processing and monitoring of trade finance products.
- Thorough knowledge of relevant ICC publication e.g UCP 600, ISBP for Examination of Documents Under Documentary Credit, URR 525, URC 522 and the URDG 758.
- Good experience of SWIFT and relevant message types.
Salary: £50,000 plus bonus
Location: West End of London / 5 days per week in office