Trade Finance Guarantees Specialist

2 weeks ago


London Area, United Kingdom Johnson & Associates Full time

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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