Trade Finance Support Associate

Job Title: Trade Finance Support Associate
Job Reference: TFSupport

Location: London
Job Type: Permanent

Salary:
£30000 - £40000 per annum, Benefits: + benefits
Sector: Banking

Posted 23 days ago

We are working with a leading global bank who are looking to hire an Associate and Senior Associate within their Trade & Commodity Finance Support team.

You will be asked to provide a professional service to all internal and external customers of the Bank, whilst ensuring that all aspects of the day to day work is processed efficiently and correctly.

Daily Responsibilities 
  • Liaise with Trade and Commodity Finance Department to ensure each transaction is in accordance with the bank’s procedures and customer facilities, ensuring all limits and approvals are in place.
  • Process all work received in relation to Import, Export and Back-to-Back L/C’s i.e. Issuing, Advising, Amending, Checking and Paying of documents.
  • To process the work received in relation to Guarantees, i.e. Issuing, Amending and claiming of our charges at required periodic intervals
  • Process discounts and loans if required, ensuring details are input accurately into the FTI & Urbis system.
  • To act in the capacity of examiner of documents presented under letters of credit.
  • Process internal/external queries received by swift, email and telephone to ensure they are dealt with in a timely manner, providing technical expertise when required.
  • To process work received in relation to Inward and Outward Clean and Documentary Collections
  • To input all work onto the Trade Innovations System
  • Assist in Audit queries and Nostro entries processed in TFS
 
Knowledge
  • Sound technical knowledge of Letters of Credit, Guarantees and related Trade Products. In-depth knowledge of UCP and ISBP and be familiar with other publications relating to Trade products
Experience
  • Significant proven experience in Trade Finance operations department preferably acquired within an international banking environment.
The position is London based paying between £30-40k per annum + benefits.

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