Guarantees Administrator (Trade Finance)

Position: 12 month FTC

Salary: up to £45,000

Location: London

Job ID: JA0209GA

[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]We are currently representing a London based International Bank who are seeking an experienced  Guarantees Coordinator to join their Trade services Operation team on a 6/12 month fixed term contract.

Main Responsibilities of the Guarantees Administrator:

  • Ensuring that all incoming instructions from customers/branches and other banks are handled within agreed turnaround times and without errors.
  • Dealing with all administration under Guarantees including the daily list of periodic commissions to be debited or claimed from customers/banks.
  • Ensuring that all the necessary correspondence in respect of guarantee issuance is dispatched promptly to the required parties.
  • Shares advising movement of funds to Settlement Dept. before the stipulated cut off times.
  • Assist in resolving queries relating to work processed on the section
  • Other duties relating to Trade Services processing as required by the Manager
  • Share responsibility for clearing outstanding Nostro items relating to guarantees
  • 1st Review of guarantee texts where required and advise findings to senior staff for further action.
  • Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.
  • Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
  • 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.

Experience required of the Guarantees Administrator:

  • A Minimum of 4 years Guarantees experience ideally within a banking environment.
  • Up-to-date knowledge of URDG rules
  • Ideally mid-tier or smaller bank exposure.

[/vc_column_text][/vc_column][/vc_row]

APPLY NOW