Overview
Our client, a prestigious international bank, is seeking a Trade Finance Supervisor to join their team on a permanent basis.
The successful candidate will be mainly responsible for processing and authorising import and export Letters of Credit where applicable.
Responsibilities
* LC opening, LC advising and related amendments, negotiation of documents and payments under these LCs.
* Processing & authorising SWIFT messages.
* Processing of relevant charges and accounting entries.
* Upon receipt of LC documents checking documents received are in order and compliant with the LC issued.
* General Administration matters including e-mails from customers / and sending to customers to keep them informed regarding LC documents, payments due and other related Trade Finance issues.
* Reviewing instructions obtained and verify whether they are valid, feasible and meet policies, procedures, and guidelines.
* Undertaking (or checking) trade finance financial crime checks (ongoing due diligence & enhanced due diligence) including reviews of all necessary counter-parties, nature of goods etc ensuring transactions are in line with the banks and regulators compliance expectations.
* Carrying (or checking) out price checks where applicable.
* Performing (or checking) dual use goods checks.
* Ensuring that all customer and transaction files related are accurate and up-to-date.
* Vessel tracking and container tracking where applicable (or checking).
* Performing proliferation checks (or checking) on transactions including checking for any red flags if applicable.
* Have working knowledge of sanctions and provide advice on related queries, approvals, and escalations.
* Performing transactional risk assessments as and when required.
* Skills and Experience: A good and thorough knowledge of UCP600.
* Understanding of all Trade Finance products, Import and Export LCs, Guarantees, Collections, Discounting, Forfaiting, Confirmations.
* Knowledge on Money Laundering procedures and UK Proceeds of Crime Act.
* Knowledge of FCA Thematic Review 2013, Wolfsberg Principles relating to Trade Finance and the JMLSG.
* Awareness of the EU, UK and US financial sanctions regimes and regulations.
* Working knowledge of the regulatory/legislative landscape for sanctions across multiple jurisdictions.
* Understanding of the financial crime risks posed within Trade Finance products.
* Good working knowledge and understanding of requirements in respect of Compliance/AML/Sanctions. The ability to pick up and investigate potential red-flags, review for potential dual use goods and escalate/obtain approvals where required.
* Sound knowledge of the Banking industry with good numerical and analytical skills.
Skills and Experience
* TITL1_UKTJ
Seniority level
* Entry level
Employment type
* Full-time
Job function
* Finance and Sales
Industries
* Technology, Information and Internet
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