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Trade Finance Assistant

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:

    Permanent

  • Salary:

    £28000 - £33000 per annum

  • Contact:

    Scott Duerden

  • Job ref:

    SDBB01_1570096986

  • Published:

    16 days ago

City based International Bank are looking to recruit a Trade Finance Assistant to join their expanding Trade Finance Department.

Main responsibilities will include;

  • Export and Import L/C Payments - MT103 and 202 settlements and MT742 reimbursements
  • Discounts, post- finance, re-finance, pre-shipment finance loans
  • Spreadsheet amortizations
  • Spreadsheet schedules: presentations, discounts commissions
  • Maturity reports - Ensure chasers sent 10 days prior to maturity General · Input and complete transactions to IBSnet trade system
  • Ensure timely processing of SWIFT, telephonic, mail and fax instructions/queries from customers, correspondents and principals.
  • Ensure chasers in place with regards to chasing of funds/acceptance and handling related queries.
  • Despatch of correspondence, export/import documents, photocopying and filing.
  • Swift verification
  • Advising and assisting customers in payment queries
  • Keeping up to date with current AML / KYC and Fraud prevention legislation.

To be considered for this position, ideal candidates must have the following experience & skills;

  • Minimum A Level educated
  • Experience: Minimum up to 1 year to 18 months experience gained within another financial institution Knowledge and Skills
  • Knowledge of Trade Finance banking
  • Experience with swift payments, discounts and loans
  • Excellent interpersonal communication and interaction skills
  • Good written and verbal skills
  • Accuracy and attention to detail
  • Good overall knowledge and understanding of trade operations
  • Ability to be able to deal confidently with the highest levels of bank staff

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