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Trade Services Officer

1 month ago


London, Greater London, United Kingdom LMA Recruitment Full time

Job Title: Trade Services Officer - Guarantees Specialist


Location: London


Salary: £50,000 per annum + Benefits


Job Type: Full Time, Permanent, Hybrid Working Model


Job Summary:


LMA Recruitment seeks a Trade Services Officer - Guarantees Specialist to support the complete lifecycle of the bank's guarantee services. Based in London, this position focuses on accurately managing guarantee processes from initiation through to completion, ensuring adherence to industry standards while delivering exceptional service to clients.


Key Responsibilities:



  • Guarantees Lifecycle Management: Oversee the full guarantee process, including issuance, amendments, and claims. Qualify and probe experience across each stage to ensure smooth operations.
  • Customer Instructions and Compliance: Implement customer and bank instructions for all guarantee transactions accurately and efficiently, meeting agreed SLAs and regulatory requirements.
  • Error-Free Execution: Ensure a zero-error standard in guarantee issuance and amendments, maintaining high levels of accuracy and quality control.
  • Reporting and Documentation: Maintain comprehensive records and documentation for all guarantees, assisting with audits and compliance reporting as required.
  • Risk and Compliance: Act as the first line of defence against financial crime, identifying and escalating risks, conducting due diligence, and complying with AML and regulatory standards.

Additional Qualifications:



  • Analytical Mindset: Approach tasks with critical thinking, focusing on the underlying reasoning for each stage in the guarantee process.
  • Attention to Detail: Ensure high standards of accuracy and thoroughness in processing and monitoring transactions.
  • Proactive Improvement: Identify and implement opportunities to streamline processes and improve operational efficiency.

Screening Criteria:



  • Proven experience in guarantee services or trade finance.
  • Demonstrable knowledge of regulatory standards and risk mitigation.
  • Strong analytical skills with a proactive approach to risk management.

Additional Value Add:



  • Familiarity with international trade regulations and compliance frameworks.
  • Previous experience with due diligence, financial crime prevention, and anti-money laundering (AML) protocols.