Documentary Credits Coordinator

Position: Permanent

Salary: £45,000

Location: London

Job ID: JA1805DCC

Our client, a successful & progressive bank, are seeking a Documentary Credits Coordinator to join their busy trade finance operations department based in the city of London

The main responsibilities of the Documentary Credits Coordinator:

Processing activities

  • Process all aspects of advising New L/C’s including seeking FI approval, checking workability of L/C’s and ensuring required SLA’s are met.
  • Process amendments as required.
  • Ensures that documents under letters of credit are first checked so that a response can be given within agreed turnaround times.
  • Ensures that any discrepancies in the documents presented are referred to the customer/beneficiary/presenting bank
  • Effects payments/acceptances under letters of credit and deals with the disposal of the documents
  • Effects payments under letter of credit reimbursement authorities.
  • Responds promptly to all payment related queries and enquiries
  • Other duties; including processing Import L/C’s and Documentary Collections, (Export/Import).
  • Maintain knowledge of all applicable regulatory requirements
  • Identify any new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Trade Services.
  • Act as the “First Line of Defence”.
  • Responsible for the accurate execution of Financial Crime Prevention controls 

Experience and skills required of the Documentary Credits Coordinator:

  • A minimum of 2 years documentary credits experience within a similar bank.
  • Knowledge of UCP, ISBP, URR and URC.
  • Previous Eximbills experience an advantage but not essential