Our client, one of the largest financial groups in the world, is currently seeking a Trade Finance Analyst with a minimum of 2 years relatable experience, to join their Trade Finance team in London.
MAIN PURPOSE OF THE ROLE
The Trade Finance Analyst is responsible for the accurate and timely processing of letters of credit, collections and other such trade finance products as required, by application of knowledge of relevant governing rules such as UCP and URC.
KEY RESPONSIBILITIES OF THE TRADE FINANCE ANALYST:
- Processing of all life cycle events of letters of credit (import and export – issue, advise amend, acceptance, discount, payment, checking documents)
- Processing of all life cycle events of collections (import/export, clean/documentary, remit, present, acceptance, payment).
- Processing of all life cycle events of various financing products such as; trade based loans, promissory notes discounts, invoice discounting, letter of credit discounting, supply chain finance.
- Adhere to governing rules, UCP, URC, ISP98, HOP, procedures and all relevant controls.
- Develop and improve effective working relationships with all trade stakeholders.
- To support training requirements of team members.
- Retain and promote a customer first attitude.
- Ensure compliance with all Bank and Regulatory requirements in order to mitigate financial and compliance risks.
- See opportunities to assist in a selfless approach. Be upbeat, approachable and be part of the drive to a motivated team
- Deliver effective solutions and make suggestions for improvements.
SKILLS AND EXPERIENCE REQUIRED OF THE TRADE FINANCE ANALYST
- Minimum 2 years’ experience working in a trade finance operations environment including checking shipping documents against UCP600, the LC itself and ISBP.
- Thorough understanding of all trade finance products, import and export LCs, collections, and financing.
- Knowledge of UCP600 and other relevant ICC publications
- Knowledge of money laundering controls relevant to trade finance.
- Understanding of formatting Swift messages
- Excellent workflow and time keeping management
If you feel your experience would suit this position, please submit your CV to us for review.