Trade Finance Officer

Posted 15 August 2018
Salary £45000 - £50000 per annum + Holiday, Bonus
Location
Job type Permanent
Discipline Banking Operations
Reference4321_1534335336
Contact NameRonnie McClughen

Job description

As Trade Finance Officer, the incumbent will be responsible for:

Operational management of trade finance transactions in support of a dedicated trade finance relationship manager through involving:

Communication with a dedicated head office department for processing of trade transactions

Communication with end users

First pair of eyes for checking of documentation

Internal reporting and reconciliation

The profile of the transactions will be in line with the overall strategy for the bank and the London branch which will be reviewed from time to time and will typically require interaction with a GCC counterparty or on a selective basis will involve interaction with secondary markets.

Core Responsibilities


 Manage with internal teams (Head Office / International Offices / Back office support) and with external clients the whole process of each Trade Finance transaction until maturity. This involves all import and export related trade finance instruments.
 Ensure adherence to relevant regulatory requirements for underlying transactions. Ie: Undertake risk assessments per RMA and per transaction.
 Primary operational client service contact point for all trade related transactions.
 Primary operational client service contact point for FI related transactions.
 Assist in the preparation of all reports to the FCA, LON Branch and HO and any other relevant authority
 Assist in other areas of the Bank as and when required by the Head of Wholesale Banking
 Reporting and monitoring of trade finance exposure
 Reconciliation with HO of trade finance exposure
 Dealing with day to Day client queries

Skills / Attributes Required

Strong operational understanding of Trade Finance products (LC / SBLC issuance, Export LCs (confirmation, advising, negotiation, discounting), Guarantees

Good operational understanding of receivables discounting

Experience of working with Commodity clients (Oil / Gas / Agri) and managing their expectations.

Sound understanding of Trade Finance Compliance

Excellent client servicing skills

Ability to work on own initiative and ability to prioritise work load

Excellent command of written and spoken English

Excellent interpersonal and verbal skills

An able team player with a "can do" attitude combined with a flexible approach to undertake any task in support of our clients and team members

Excellent knowledge of MS Office skills in Word, Excel and PowerPoint

Contact me if the above position could be of interest to you.