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Trade Finance

Trade Finance

  • Location

    London

  • Sector:

    Risk Management

  • Job type:

    Permanent

  • Salary:

    £0 - 35k per year

  • Contact:

    Grace Payne

  • Contact email:

    Grace.Payne@jcwresourcing.com

  • Contact phone:

    02035899300

  • Job ref:

    LM46663

  • Published:

    about 1 month ago

  • Expiry date:

    2019-09-18

  • Consultant:

    #

I am currently working with a Middle Eastern bank who are looking to expand thier Trade Finance division with the addition of a Trade Finance Officer You will be responsible for completion of daily tasks, including the processing commodity trade Finance transactions; supporting the trade operations; and complying with the internal procedures and the international standards. Responsibilities: * Processing Letter of Credits (both impo rt & export): * Handling documentary collections (both import & export): - Opening, amending, following, paying and expiring * Dealing with trade finance Loans (Advances, Discounts...): - Payments/drawings, repayments - Calculating interests & controlling accrual process * Processing customer payments (both for ad-hoc & financed transactions) - Control, verify availability and execute * Collecting the payments in favour of clients: - Communicating to FO, booking - Stock financing releases availability - Opening, amending, negotiating, paying and expiring * Support the FO relationship managers: - Providing statements (both ad-hoc & month end), credit/debit advices... - Follow-up status of transactions * Ensure strong focus on Risk and Control in transaction processing in terms of having appropriate customer documentation, accurate discrepancy notices are sent out and proactive identification of refusals.