[vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-user” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619eb5149e4″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-gbp” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef35454666″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-map-marker” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef34854665″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-hashtag” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619ef8cc060″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1549902118595{padding-top: 20px !important;}”][vc_column_text]Our client, an international bank based in Moorgate is seeking an experienced Guarantees Administrator to join their wider Trade Finance services team on a permanent basis.
Main Responsibilities of the Guarantees Administrator:
- Ensures that all incoming instructions from customers/branches and other banks are handled within agreed turnaround times and without errors
- Deals with all administration under Guarantees including the daily list of periodic commissions to be debited or claimed from customers/banks.
- Ensures that all the necessary correspondence in respect of guarantee issuance is despatched promptly to the required parties.
- 1st Review of guarantee texts where required and advise findings to senior staff for further action.
- Shares advising movement of funds to Settlement Dept.
- Assist in resolving queries relating to work processed on the section
- Other duties relating to Trade Services processing as required by the Manager, Trade Services or Head of Trade Services.
- Share responsibility for clearing outstanding Nostro items relating to guarantees
Risk & Regulatory Duties
- Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.
- Report policy, procedure and/or regulatory breaches or suspicions to Manager or Head of Trade Services.
- Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
- Identify any new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Trade Services.
Financial Crime
- Act as the “First Line of Defence”.
- Responsible for the accurate execution of Financial Crime Prevention controls in accordance with the Bank’s and Departmental policies and procedures.
- Ensure Due Diligence/Enhanced Due Diligence (EDD) is carried out, where applicable, on all parties to the Trade transactions and maintain appropriate records
- Be vigilant to unusual or suspicious transactions and report any suspicions to the MLRO
- Ensure adherence to the Bank’s AML, Financial Crime and Anti−Terrorism policies and procedures
The successful Guarantees Administrator will have the following experience:
- Trade Finance Guarantees experience from a similar institution.
- Strong working knowledge of URDG.
- Good understanding of the risk & regulatory duties evolved within Trade finance operations
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