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Financial Services

Trade Finance Officer


Job Title: Trade Finance Officer

Location: London (W1W 8TF)

Salary: Competitive depending on experience

Job type: Full time, Permanent

The Role:

As a team member in the Trade Finance and Settlement Department, you will be responsible for your assigned role and should be able to demonstrate:

  • Ability to multi-task and maintain poise under pressure
  • Prioritise tasks and resources so as to maximise efficiency and cost
  • Emotional stability and attention to detail
  • Awareness of the importance of customer satisfaction, operational efficiency and profitability of the bank

Key Responsibilities:

You will be responsible for the following activities:

  • Documents Checking
    • Advised and Confirmed Letters of Credit
    • Issued Letter of Credit
    • Back to Back Letters of Credit
    • Transferred Letter of Credit
    • Guarantees and Bonds
    • Bills for Collections
  • Substitution of documents on Back to Back LCs and Transferable LCs
  • Discrepancy handling
    • Advise of rejection to (Beneficiary, Presenting Bank and Issuing Bank)
    • Record Acceptance on the system and advice beneficiary of maturity date.
  • Chasers to Issuing banks on Documents forwarded on approval basis
  • Daily review of related reports.
  • Ensure appropriate internal ledger entries passed.
  • Arrange courier of documents to issuing or confirming bank.
  • Ensure archiving of all documents and complete documentation on file.
  • Respond to queries and enquiries from beneficiaries or issuing banks.
  • Review of past due Collections.
  • Produce required MIS on work area

This is a small team and flexibility is required of all staff. Other duties will be assigned from time to time, including:

  • Advising and amendment function where required
  • Payments and reimbursement function where required
  • General support to other team members where required.
  • To support the Funds Transfers team where required.

The Candidate:

  • Degree or equivalent plus relevant experience in Trade Finance operations
  • 2-3 years experience in a similar role
  • Experienced back office professional with strong analytical skills and a proven track record in the financial services industry, preferably a commercial bank.
  • Must have an understanding of the International Trade operations framework of a financial institution and knowledge of general operational policies.
  • Specific experience in the checking of shipping documents on Documentary Credits and associated activities
  • Good experience of SWIFT and relevant message types
  • General experience of Pay/Receive operations, local and foreign settlements, Documentary Collections and Funds transfers.
  • Excellent customer service skills
  • Ability to identify, analyse and manage operational risks
  • Good understanding of Compliance requirements, including Know Your Customer, Anti Money Laundering and Treating Customers Fairly
  • Adaptable and flexible
  • Independent and innovative.

Please click on the APPLY button to send your CV and Cover Letter for this role.

Candidates with the relevant experience or job titles of; Accountant, Accounts Clerk, Payment Processing, Finance Officer, Finance Clerk, Finance Administrator, Banking Services, Accounts Officer, Finance Officer, Financial Supervisor, Financial Services may also be considered for this role.