Job Description

The Trade Finance Officer role is responsible for processing, initiation, document checking or the settlement stage of trade finance operations products. The role will be processing Letters of Credit (Back to Back, transferrable etc.); IRUs; amendments; assignment of proceeds; LC settlements; discounts; acceptances; documents on approval; collections; IRU claims; Guarantees; SBLC; loan tickets; file maintenance.

The main duties for the Trade Finance Officer role are as follows:

• Liaising with Issuing banks, beneficiaries, correspondents, business development, treasury, credit, compliance on transactions.
• Initiating all types of LCs (Export /Import / Back to Back
• Processing Amendments to LCs
• Processing IRUs, assignment of proceeds
• Processing Guarantees and Standby LCs
• Creating MT700, 710, 707. 799, 999 as required
• Investigate and respond to any enquiries received (internal / external)

Trade Finance role for a bank in the City|Excellent exposure, growth and progression opporunities

The main requirements for the Trade Finance Officer role re as follows:

• Must have a minimum of 2 years\' experience in Banking/Financial Services in the Operations/Trade Finance area.
• Good knowledge of all Trade Finance products and ability to process independently - Import and export LCs, back to back LCs, transferable LCs, discounts, IRUs, assignment of proceeds, collections, avalized bills, guarantees, SBLCs, collections, open accounts, LC settlements, and Documents Checking
• Good knowledge of all ICC Rules. Uniform Rules for collection (URC 522), latest version of UCP 600 and ISBP for the examination of documents, Uniform Rules for bank to bank reimbursement URR 725, URDG and ISP and how a guarantee/SBLC could/should be structured

The financial services client based in the City of London is a rapidly growing and progressive Affrican bank with a rich heritage.

Competitive salary of \xc2\xa340,000-\xc2\xa350,000 plus bonus

Full benefits package and hybrid working model provided

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