Trade Finance Officer

  • Location

    West End, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £35000 - £40000 per annum

  • Contact:

    Scott Duerden

  • Contact email:


  • Job ref:


  • Published:

    over 1 year ago

  • Duration:

    12 Months

  • Startdate:


Our client, an international bank based in London, are looking to recruit a Trade Finance Officer to work on a fixed term contract. As a team member reporting directly to the Team Leader, Trade Finance, you will be responsible for your assigned role which includes the following responsibilities;

  • Document Checking - Advised and Confirmed Letters of Credit, Issued Letters of Credit, Back to Back Letters of Credit, Transferred Letter of Credit, Guarantees and Bonds and Bills for Collections
  • Substitution of documents on Back to Back LCs and Transferable LCs
  • Discrepancy handling
  • Advise of rejection to (Beneficiary, Presenting Bank and Issuing Bank) o Record Acceptance on the system and advice beneficiary of maturity date
  • Chasers to Issuing banks on Documents forwarded on approval basis
  • Daily review of related reports
  • Ensure appropriate internal ledger entries passed
  • Arrange courier of documents to issuing or confirming bank
  • Ensure archiving of all documents and complete documentation on file
  • Respond to queries and enquiries from beneficiaries or issuing banks
  • Review of past due Collections
  • Produce required MIS on work area

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

  • Degree or equivalent plus relevant experience in Trade Finance operations
  • Experienced back office professional with strong analytical skills and a proven track record in the financial services industry, preferably a commercial bank
  • Must have an understanding of the International Trade operations framework of a financial institution and knowledge of general operational policies
  • Specific experience in the checking of shipping documents on Documentary Credits and associated activities
  • Good experience of SWIFT and relevant message types
  • General experience of Pay/Receive operations, local and foreign settlements, Documentary Collections and Funds transfers
  • Excellent customer service skills
  • Ability to identify, analyse and manage operational risks
  • Good understanding of Compliance requirements, including Know Your Customer, Anti Money Laundering and Treating Customers Fairly
  • Adaptable and flexible
  • Independent and innovative.

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