Trade Finance Operations Officer / Associate
London
Permanent
£40,000 - £43,000
cer Financial are working alongside a bank who are based in London, they are seeking a Trade Finance Operations Officer / Associate on a permanent basis.
In this role you will perform all operational aspects of trade finance products in an accurate, efficient and timely manner.
The Responsibilities of a Trade Finance Operations Officer / Associate
· Application of appropriate workflows and procedures across EMEA to provide guidance to performance of operational responsibility for trade products.
· Assist to maintain appropriate business contingency plans to restore operations in an efficient and controlled manner.
· Assist to collate business volumes.
· Engage in OAD Kaizen initiative contributing toward continuous improvement.
The Successful Trade Finance Operations Officer / Associate
· Technical knowledge and understanding of traditional trade finance products such as:
· Documentary Letters of Credit
· Stand-by Letters of Credit and Guarantees
· Documentary Collections
· Discounted Receivables - bills of exchange, promissory notes, invoices
· Able to identify operational risk and follow mitigation plans.
· Understanding of key legal implications of trade products and respective legal cases that provide precedent to trade products.
· Understanding of financial crime risk pertaining to trade finance and how to follow mitigation plans.
· Understanding of accounting principles for trade finance products.
· Understanding of shipping terms
· Understanding of the commercial terms pertaining to international trade flows
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