Trade Finance Guarantees Specialist
2 weeks ago
Job Overview:
This role offers the opportunity to work as a key member of a respected financial institution's Trade Services team, focusing on guarantees. As a Trade Finance Guarantees Officer, you will oversee the guarantees process, ensuring excellent customer service and adhering to high standards of compliance and accuracy.
Responsibilities:
- Act as the primary contact for guarantee processing, including opening, amending, and administering guarantees across branches.
- Handle instructions from customers and other banks, ensuring efficient and accurate transaction execution.
- Approve transaction releases and sign off on documents as required.
- Prioritize customer requests to ensure prompt and accurate service.
- Assist in reconciling guarantees and commission accounts, addressing any trade services-related duties as needed.
- Respond to and manage all customer and branch queries related to guarantees.
Risk & Regulatory Responsibilities:
- Maintain thorough knowledge of applicable regulatory requirements, including the Bank's Risk and Compliance policies.
- Report any policy or regulatory breaches to senior management.
- Identify and escalate risks within your area, ensuring all controls are executed accurately to prevent breaches.
Financial Crime Prevention:
- Avoid potential money laundering scenarios by adhering to Financial Crime Prevention protocols.
- Conduct necessary Due Diligence and Enhanced Due Diligence (EDD) on all parties in trade transactions.
- Remain vigilant to suspicious transactions, with prompt reporting to the Money Laundering Reporting Officer (MLRO).
Qualifications and Experience:
- A minimum of 3 years Trade finance Guarantees experience.
- Strong PC skills, particularly with Eximbills, Excel, and database applications.
Estimated Salary Range: £45,000 - £50,000 per annum, dependent on qualifications and experience.
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