Head of Trade Finance
West End
5 days in the office
Permanent
£100,000 / £120,000 plus benefits plus bonus
cer Financial are working alongside an international bank who are based in the West End. They are seeking a Head of Trade Finance to work with them on a permanent basis.
The responsibilities of the Head of Trade Finance will include:
- Proactively identify and pursue new trade finance business opportunities, including monitoring FI limits and engaging directly with counterparties or through the secondary market.
- Attend meetings, seminars, and networking events to build relationships, broaden market reach, and expand sources of trade finance business.
- Respond promptly and professionally to all external and internal enquiries relating to trade finance opportunities, demonstrating strong technical expertise and excellent customer service.
- Liaise effectively with customers on document discrepancies, technical queries, and transaction issues, including managing difficult customer interactions with professionalism and clarity.
- Complete credit line reviews and applications on a timely basis
- Respond promptly and with care and attention to all e-mail enquiries in respect of trade finance business opportunities, enquiries from correspondents, or internal correspondence.
- Monitor FI limits and where limits are available check with relevant counterparties for new trade loan business opportunities, both directly with FI counterparty or via the secondary market.
- Attend meetings with counterparties to develop relationships and increase scope for sourcing business opportunities
- Perform final check and authorise all transactions processed, signing documentation, including internal account posting vouchers, and releasing Swift payments and correspondence.
- First signature on all trade finance documentation which requires approval by the CEO or nominated deputy, or a second authorised signature of the Bank.
- Provide quality customer service to all counterparties, customers (including internal customers), demonstrating excellent communication skills
- Attend seminars and networking events.
- Provide guidance/coaching to team members.
- Perform appraisal reviews for all staff and provide ongoing feedback on performance and in meeting objectives.
- Lead, motivate, and develop team members.
- Support the recruitment, onboarding, and ongoing development of staff.
The successful Head of Trade Finance will have:
- Thorough knowledge and grounding in ICC rules governing letters of credit, guarantees, bank to bank reimbursements, documentary collections, standby letters of credit, and forfaiting.
- Must be confident in dealing directly with beneficiaries and other banks in technical documentary credit matters and dealing with difficult customers and issues.
- Awareness/experience of managing credit limits, and ability to analyse bank financial reports and prepare credit line applications.
- Good knowledge of AML regulation and experience in completing customer due diligence checks.
- Thorough understanding of international payments, acceptances, discounting of bills, and trade loan documentation.
You must be a fully competent Head of Trade finance to apply for this role. The client needs you to be a proven business developer.
Back to top