City based International Bank, are looking to recruit a Trade Finance Officer for a temp-perm position. You'll be reporting into the Senior Trade Services Manager and will be responsible for the processing the Bank's Letters of Credit and checking of Shipping Documents. To conduct compliance (Due Diligence) against all shipping documents and make payments under L/C vide MT202 and MT103

Other responsibilities of the Trade Finance Officer will also include;

• To Record all relevant details of bills of lading: numbers, ICC/IMB tracking numbers, courier numbers, and documents' value presented in the spread sheet along with the date of payment made.
• Where alerts are identified by the Compliance Link software, refer every case to the second level review.
• Send swift messages to the presenting bank whenever documents must ensure funds are to be remitted on due date (if L/C tenor is usance).
• Record the due date in the Department's Due Date Diary for daily monitoring purposes.
• Where discrepancies are identified, immediately notify the beneficiary or the presenting bank within the prescribed period of five working days as stipulated in the UCP 600.
• Strong knowledge of Compliance of Shipping documents at the time of presentation. Where the B/L is not traced and tracked then must be referred to ICC/IMB on the portal system.
• Keep all documents in the Department's designated fireproof safe daily.
• Send chasers to the presenting bank on a weekly basis if they do not respond to discrepancies.
• Monitor the 'ETA' of the goods carrying vessels to ensure documents must reach the L/C issuing bank before the vessel arrives at destination.
• Ensure Compliance Link is always approved by either second level reviewer or the compliance department before any payment is made against the subject L/C.
• When dealing with unconfirmed L/Cs' track the funds from L/C issuing bank.
• Forward the file for payment on receipt of cash cover.
• To Record all relevant details of bills of lading: numbers, ICC/IMB tracking numbers, courier numbers, and documents' value presented in the spread sheet along with the date of payment made.
• Send swift messages to the presenting bank whenever documents must ensure funds are to be remitted on due date (if L/C tenor is usance).
• Record the due date in the Department's Due Date Diary for daily monitoring purposes.
• Where discrepancies are identified, immediately notify the beneficiary or the presenting bank within the prescribed period of five working days as stipulated in the UCP 600.
• Recover charges upfront when entering the documents in Flexcube.
• Pay funds against export documentary collections if clear funds received from the collecting banks.
• When processing back-to-back documentary collections, settle the inward collection first before paying the difference to the beneficiary under outward collection.
• Knowledge of Payments under MT202 & MT 103 is mandatory.

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

• Good understanding of UCP 600
• Good understanding of ISBP 745 for the examination of documentary credits under UCP 600
• Good understanding and knowledge of money laundering regulations.
• Understanding of the banks internal working procedure, Flexcube, compliance link, ICC/IMB portal system and swift alliance elite applications.
• Experience with Trade Finance projects including systems implementation an advantage.
• Experience with Oracle Flexcube and Finastra Trade Innovations an advantage.
• Good understanding of trade related transactions.
• Handling of customers queries efficiently.
• Ability to work to tight time schedules.
• Ability to handle sensitive matters related to trade.