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West End based bank is seeking well experienced all round Trade Finance Officer (Letters of Credit and Guarantess) to join their expanding Trade Services department. You will be joining a full team of 10 trade finance experts who are dealing with end to end processing including opening, amending and administering of LC's and guarantee trade facilities - Bid Bonds, Performance Bonds, Advance Payments etc. The bank offers hybrid working and is looking for someone with at least 5 years + guarantees and LC experience. Eximbills experience is a positive
Duties:
- Ensure that instructions from customers/branches of our Group and other banks regarding all aspects of guarantees are implemented within agreed turnaround times and are without errors.
- Ensure that copies of Guarantees issued are sent to customers and other banks and relative charges are collected/claimed promptly.
- Approve release of transactions on PC and sign hard copies where necessary at the request of the Senior Trade Services Officer or Deputy Head of Trade Services.
- Prioritise work in order to meet the urgency of customers’ requests as directed by the Senior Trade Services Officer or Deputy Head of Trade Services.
- Action all queries efficiently or refer these to the Senior Trade Services Officer as soon as they are received.
- Share responsibility for clearing outstanding reconciliation items in respect of Guarantees and any other items relating to Trade Services.
- Ensure that month end balancing of guarantees and commission accounts are done promptly
- Assist with any other Trade Services related roles as required by the Senior Trade Services Officer or Deputy Head of Trade Services.
- Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.
- Report policy, procedure and/or regulatory breaches or suspicions to Deputy Head or Head of Trade Services.
- Accurately execute all controls withinown area to minimise risk of policy, procedure, and/or regulatory breaches.
- Identify any new risks/control gaps within own area and escalate accordingly to your Line Manager and/orHead of Trade Services.
