Trade Services Officer

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 UCP600 / ISBP745. • Knowledge of URC522. • Knowledge of Guarantees including URDG758. • 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 Peter Brown by sending your CV quoting ref (phone number removed)PB