Trade Finance Specialist

3 weeks ago


London, United Kingdom Rothstein Recruitment Full time

Rothstein Recruitment London, United KingdomPosted 4 hours ago In-Office Permanent £42k - £50k

**Trade Finance Specialist - Operations - Banking**

Excellent oppotunity for a Trade Finance professional to join a rapidly growing international Bank's Corporate Banking department.

**Duties **&** Responsibilities**
- Ensure all transactions are processed and settled on a timely basis with priority given to high value and time critical files whilst meeting SLA's.
- Ensure all internal reporting requirements are met
- Identify and resolve errors promptly and report to Head of Department / Front Office.
- Cross train self and others proactively to create a fungible team capable of flexing to the requirements of a multi business stream environment.
- Correct use of systems and processing tools.
- Adherence to Head Office and Internal Operating procedures to produce accurate work thereby retaining professional image of the Bank and maintain high customer service levels.
- Support initiatives, strategic planning and projects (as required)
- Support others across the wider team covering all products to include L/C Document Checking.
- Complete compliance checks and further controls put in place to mitigate risks.
- Prepare and review LC format. Arrange the issuance / advising of documentary letters of credit, Standby letters of credit and Guarantee in timely manner. Keep track on LC's and do amendments, if required.
- Raising invoices to clients for guarantee fees and commissions based on agreed rates and following up on those as per requirements.

**Skills & Experience Required**
- Deep understanding of all Trade Finance products, Import and Export LCs, Guarantees, Collections, Discounting, Forfaiting, Confirmations, Risk Participations.
- Commodity Trade Finance experience
- Knowledge of UCP 600, ISP98, URDG 758, URC 522 and other relevant ICC publications
- Knowledge on Money Laundering procedures and UK Proceeds of Crime Act
- Awareness of UK and OFAC sanction policies & experience with Restricted Counterparty Checks & IMB Checks.
- SWIFT Alliance (MT202, MT103, all MT4 series, all MT7 series)

Interested? Please Apply

Trade Finance UCP Finance Bank Banking SWIFT LC's Import Export Guarantees
- Job ID EFC/WB/TradeFinance



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