Trade Finance

Sutton Temporary
  • Opportunity to work for a fast growing business
  • Hybrid working

About Our Client

Our cllient is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. We are transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it. Emerging markets payments are usually challenging, expensive, unreliable and opaque. Our solutions help fix these pain points. Ultimately, we connect traditionally hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.

FX and cross-border payments are often complex and expensive, especially when operating in emerging markets. Our client wraps its deep and trusted relationships and strength of network around innovative digital capabilities, and cross-border transaction banking solutions to enable fintech, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets

Job Description

Responsibilities:

  • An all-rounder with excellent trade finance product knowledge and expert in trade-based compliance and trade finance core systems.
  • An analytical person and a point of reference for the team and internal and external clients.
  • Provide technical advice, support to the junior members as well clients, and other stakeholders.
  • Ability to work under pressure and ability to challenge others when needed.
  • Clear understanding of operational risks and identify steps to mitigate such risks on day-to-day basis.
  • Clear understanding of trade-based money laundering and red flag activities to escalate when necessary.
  • To assist to ensure that all tasks are performed and completed as per the procedures.
  • Regular dialogue with Business and compliance team as and when require for any trade related transactions.
  • Ensure all compliance requirements are satisfied by the team while processing trade transactions.
  • Input, authorise and sign all trade related transactions processed within the team.
  • If required, perform maker and/or checker responsibilities and ensure timely delivery to the clients.
  • Document checking and trade-based compliance, red flag, and trade related KYC.
  • Processing of whole life cycle of Trade Finance products: L/Cs advising, L/Cs amendments, Document Checking, Reimbursement Claims/Payments, Internal and External Enquiries, Guarantees, SBLCs, L/C & GTEE Draft checking, Risk participation documents review and processing, Trade Loans, Refinancing and Discounting.
  • Ensure all upcoming maturities and obligations are regularly monitored and settled on time. Regular chasers and daily calendar items to be managed for timely action.
  • Support to ensure all management reports, monthly MI's and any other report are regularly sent to all stakeholders. Provide training to other team members on all the MI reports.
  • Cover other team members during their absence, holidays or any such other circumstances.
  • Play a key role in effectively managing the workflow within the team and ensuring that audit trail and record keeping is completed.
  • Ability to give timely acknowledgements and responses to client and Relationship Manager's emails, queries and any other issues related to trade operations.
  • Able to pro-actively in engage with team members to support understanding and training on all systems and procedures.
  • Ability to confidently deal with other departments and stakeholders for effective engagement
  • Play a key role for in identifying operational issues and ensuring any commercial/ origination decisions should be handed over to Business development team.

The Successful Applicant

Desirable Skills and Experience:

  • Degree qualified or equivalent work experience
  • Certificate for Documentary Credit Specialists (CDCS) and Certificate for Specialists in Demand Guarantees (CSDG) certified and other industry qualifications
  • 7+ years demonstrable experience working in Trade Finance Operations (essential)
  • Able to deliver listed key role responsibilities confidently.
  • Ability to adapt systems and changes related to processes and policies.
  • Excellent MS office skills.
  • Drive to achieve objectives/results.
  • Collaboration with own team and other employees.
  • Organising self/teams to meet agreed deadlines.

What's on Offer

What's on Offer:

  • This position is a 12m Fixed Term Contract
Contact
Lloyd Hughes
Quote job ref
JN-082023-6150798
Phone number
+44 207 269 2459

Job summary

Job function
Banking & Financial Services
Subsector
Sales & Trading
Sector
Financial Services
Location
Sutton
Contract type
Temporary
Consultant name
Lloyd Hughes
Consultant phone
+44 207 269 2459
Job reference
JN-082023-6150798