Trade Finance Analyst

Position Overview

Trade Finance Analyst – Documentary Credits

City based International Bank

Salary £43k

Hybrid working on offer

This range is provided by IPOE Consulting. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

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The role extends to import letters of credit, documentary collections, guarantees and standby letters of credit, any facilities for the issuance of such instruments. The role also extends to the products of other verticals such as Cash Management, Lending & Distribution, Supply Chain Finance and Forfaiting with the support from the respective verticals as you follow your client across the product verticals.

This being an Analyst role, the job holder will manage a balanced portfolio of customers, with a mix of reasonably straight-forward transactions and some challenging cases and relationships to help them grow in the role.

• All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc
• All aspects of export transactions including: L/C advising; L/C confirmation, scan documents
• Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
• Calculate accurately the fees and interests for the relevant transactions.
• Liaise correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures
• Collate and check documents to ensure Compliant with letters of credit terms and conditions.
• Proficient checking of payments with appropriate knowledge of Swift rules
• Timely following up of irregularities with customers
• Liaise with clients on matters relating to L/C transactions
• Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
• Funds positioning.
• Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments
• Make proper registrations to the business as required by the procedure.
• All the CDD and AML checking in trade services and other products lines as required by the Bank’s policy.
• Keep all AML check evidences for audit trail purpose. Must report / escape to MLRO for potential positive hit or suspicious transactions in accordance to the Bank’s AML policy.

• A good understanding of wholesale banking products, in particular trade finance products (e.g. Import and Export LCs, Guarantees, Collections etc), and the end-to-end processes involved in delivering those products to the Bank’s clients will be an advantage.
• Suitably educated. Relevant degrees / certifications / professional qualifications may be advantageous (Qualifications such as CITF, DCCS, CSDG are preferable).
• Exposure to transaction/ facility structuring
• An understanding of credit, compliance and operational requirements for the relevant products will be an advantage.
• Solid computer skills with capability to use spreadsheets, graphic and presentation packages to review and create professional materials will be an advantage.

Candidates must also have the right to work in the UK. I’m afraid sponsorship isn’t offered for this position.

Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.

Associate

Full-time

Analyst

Banking

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