Trade Finance Officer
Principal Purpose of the Job:
Perform tasks relating 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.
Main Responsibilities & Accountabilities:
* All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc
* All aspects of export transactions including:L/C advising; L/C confirmation, scan documents
* Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
* Calculate accurately the fees and interests for the relevant transactions.
* Liaise correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures
* Collate and check documents to ensure Compliant with letters of credit terms and conditions.
* Proficient checking of payments with appropriate knowledge of Swift rules
* Timely following up of irregularities with customers
* Liaise with clients on matters relating to L/C transactions
* Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
* Funds positioning.
* Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments
* Make proper registrations to the business as required by the procedure.
* All the CDD and AML checking in trade services and other products lines as required by the Bank’s policy.
* Keep all AML check evidences for audit trail purpose. Must report / escalate to MLRO for potential positive hit or suspicious transactions in accordance to the Bank’s AML policy.
Skills Required:
* Previous experience in trade finance, ideally working for an International Bank
* Knowledge of Trade Compliance, UCP 600 and MT Swift messages will be important
* Accuracy and able to adapt to change in work flows
* Analysis, planning and organizing
* Attention to detail
* Teamwork and communication
Candidates must also have the right to work in the UK. I’m afraid sponsorship isn’t offered for this position.
Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.