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Trade Services Officer
Job Posted: a day ago
Salary: £ Competitive
Job Type: Temporary
Location: City and County of the City of London
Expire in: a month
Job Description
Trade Services Officer
Our client, a London based Bank, is seeking a Trade Services Officer to join their team on a temporary basis (with a possibility of going permanent).
The successful Trade Services Officer will check/prepare incoming & outgoing documentation within the Department, covering LC opening, amendments, collections, documentary checking, payments, liquidations, including input of entries/SWIFTs. They will also support secondary business activity involving processing of transactions under Risk Participation (inward and outward) and syndicated loans.
Responsibilities (but not limited to)
• Documentary checking (first & second) – including payments.
• Handling/processing of LC Opening/Amendments/Guarantees/Bonds – Inward and Outward.
• Handling/processing of Bills for Collection.
• Handling transactions from secondary market (forfaiting, risk participations, syndicated loans).
• Ensuring that LCs are advised/confirmed promptly.
• Ensure that any client requests or queries are resolved in a timely manner.
• Administration of Trade Services transactions, including input of entries, liquidations and SWIFTs into our banking system, file administration.
• Liaison with Issuing Banks.
• Liaison with Group Trade Services.
• Liaison with clients.
• Due diligence checks - AML/KYC and Sanctions. Ensure financial crime checks undertaken on individual transactions presented for release.
• Single step authorisation for certain low value transactions in accordance with the Bank's procedures.
• Ensure the nostro reconciliations are cleared promptly.
• Reconciliation of LC register.
Knowledge/Skills/Experience:
• Knowledge of UCP600 / ISBP745.
• Knowledge of URC522.
• Knowledge of Guarantees including URDG758.
• Minimum 3 years’ experience as a documentary processor.
• Experienced documentary checker and second checker.
• Knowledge of Forfaiting (Discounting).
• Knowledge of SWIFT and related messages.
• Familiarity with current AML/KYC/sanctions requirements beneficial.
• Efficiency - accuracy, attention to detail and speed all key attributes.
• CDCS qualification beneficial.
• Knowledge of Risk Participations and syndicated loans beneficial.
For more information on this role please contact Peter Brown by sending your CV quoting ref (phone number removed)PBBefore You Apply
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