Documentary Credit Senior Analyst

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records. Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.

The Operations department performs the following functions:

• Trade Support
• Physical Settlements
• Clearing and Vaulting Services
• Structured and Banking Products support
• Facilitation of trade finance and documentary credit products
• Confirmations
• Payments Sanctions Screening
• Operations Control
• Balance sheet substantiation
• Nostro production and reconciliations
• Risk and control oversight and monitoring
• Regulatory Operations
• Cash, Interest Claims and Nostro management
• Brokerage Services.
• FX and NDF settlements

The Bank’s Documentary Credit operations is primarily to support the Bank’s commodity financing businesses. This includes:

• Documentation review and execution
• Physical document management including storage, delivery and presentation
• Reconciliation of any title documents
• Arranging relevant payment and accounting

The successful candidate will provide subject matter expertise to the bank’s documentary credit Operations. This will involve arranging Letters of Credit (L/C) & Bank Guarantees, facilitating delivery of documents for presentation and reconciliation of title documents.

• Ensure the function’s daily tasks are completed accurately and on time.
• Supporting the Operations management team by proactively maintaining a good working relationship between the Bank’s Banking business and the Operations department.
• Ensuring adherence to all relevant Bank standards and policies.
• Manage the full lifecycle of trade finance products including Import/Export LCs, Standby LCs, Guarantees, and Documentary Collections
• Perform document examination and ensure compliance with LC terms and ICC rules (UCP
  600, ISP
  98, URC, URDG)
• Process and authorise payments, including SWIFT message validation (MT103, MT202) and settlement execution
• Ensuring that the service provided by Commodity Documentary Credit Operations to internal and external clients is delivered to an excellent standard.

We’re looking for the following skills and experience. If you don’t have all of these but think you could be a good fit for the role, get in touch.

Experience required to successfully perform the role:

• Previous experience in Commodities Trade Finance Operations
• Well-versed in key ICC rules likes UCP
  600, URC
  522, URR
  725, URDG
  758, ISP
  98 etc
• Strong product and market knowledge of letter of credit and related documentary requirements
• Strong control knowledge
• Knowledge of relevant regulatory standards and rules
• Solid understanding of typical risk management practices within a bank

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counter parties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution…