Trade Finance Officer
City of London
Office based
Permanent
£50,000 - £60,000
cer Financial are working alongside an international bank, who are based in the City of London. They are seeking a Trade Finance Officer to work with them on a permanent basis.
The responsibilities of the Trade Finance Officer will include:
- Monitor the daily shared calendar and complete all scheduled follow-up tasks.
- Conduct initial checks of documents presented under letters of credit.
- Process trade finance payments and prepare related vouchers and documentation.
- Record accounting entries accurately in the Equation system.
- Review letters of credit and amendments for workability and advise beneficiaries accordingly.
- Process SWIFT messages relating to trade finance transactions (700 and 400 series).
- Maintain and update transaction registers.
- Reconcile trade finance exposure reports against outstanding transactions.
- Process the issuance and amendment of bank guarantees, including bid bonds, performance bonds, and demand/payment guarantees.
- Process inward and outward documentary collection orders.
- Liaise with customers regarding discrepancies and provide technical guidance on letters of credit.
- Conduct customer due diligence (CDD) and anti-money laundering (AML) checks in line with bank policies.
- Ensure all work is completed with accuracy, attention to detail, and due care.
- Adhere to all applicable laws, regulations, internal policies, and the Bank’s Code of Conduct.
- Complete mandatory compliance and operational resilience training within required deadlines.
- Promptly report any actual or suspected compliance breaches.
- Support operational resilience activities, including training, testing, and incident response.
- Assist in preparing weekly, monthly, quarterly, and annual management information reports.
- Maintain filing systems and archive completed transaction files.
- Scan completed transactions into the DSX Data Store system daily.
- Support the Senior Trade Finance Officer and Head of Trade Finance with departmental activities as required.
The successful candidate will have:
- Minimum 5 years’ Trade Finance experience within an international bank.
- Experience with letters of credit and guarantees, including issuance, advising, amendments, and payments.
- Strong knowledge of UCP, URC, URDG, and reimbursement rules (URR).
- Experience in document checking, collections, and trade finance processing.
- Good understanding of credit lines and completing counterparty limit checks.
- Proficient in SWIFT, Equation, Microsoft Outlook, Excel, and Word.
- Experience conducting AML checks and customer due diligence (CDD).
- Professional qualifications such as CDCS are advantageous.