Trade Services Officer

Our client, a London based Bank, is seeking a Trade Services Officer to join their team on a temporary basis (with a possibility of going permanent). The successful Trade Services Officer will check/prepare incoming & outgoing documentation within the Department, covering LC opening, amendments, collections, documentary checking, payments, liquidations, including input of entries/SWIFTs. They will also support secondary business activity involving processing of transactions under Risk Participation (inward and outward) and syndicated loans.

Responsibilities (but not limited to) Documentary checking (first & second) including payments. Handling/processing of LC Opening/Amendments/Guarantees/Bonds Inward and Outward. Handling/processing of Bills for Collection. Handling transactions from secondary market (forfaiting, risk participations, syndicated loans). Ensuring that LCs are advised/confirmed promptly. Ensure that any client requests or queries are resolved in a timely manner. Administration of Trade Services transactions, including input of entries, liquidations and SWIFTs into our banking system, file administration.

Liaison with Issuing Banks. Liaison with Group Trade Services. Liaison with clients. Due diligence checks - AML/KYC and Sanctions. Ensure financial crime checks undertaken on individual transactions presented for release. Single step authorisation for certain low value transactions in accordance with the Bank's procedures. Ensure the nostro reconciliations are cleared promptly. Reconciliation of LC register. Knowledge/Skills/

Experience:

Knowledge of UCP
600 / ISBP
745. Knowledge of URC
522. Knowledge of Guarantees including URDG
758. Minimum 3 years experience as a documentary processor. Experienced documentary checker and second checker. Knowledge of Forfaiting (Discounting). Knowledge of SWIFT and related messages. Familiarity with current AML/KYC/sanctions requirements beneficial. Efficiency - accuracy, attention to detail and speed all key attributes. CDCS qualification beneficial. Knowledge of Risk Participations and syndicated loans beneficial. For more information on this role please contact Sonia Smith by sending your CV quoting .