Our client, an international bank based in London, is looking for a Documentary Credit Analyst to join their trade finance team. This position is offering a hybrid working environment (2 days remote/3 days in the office), and excellent opportunities to grow and develop.
The Documentary Credit Co-Ordinator will be responsible for ensuring that all aspects of the documentary credit process across all the bank’s branches are handled in line with agreed SLA’s.
Role duties of the Trade Finance Analyst:
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 within 3 working days or sooner if required and are dealt with in a timely manner.
- Effects payments/acceptances under letters of credit and deals with the disposal of the documents, (including discounting where necessary).
- 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).
- Assist with any other Trade Services related roles as required by the Manager, Trade Services or Head of Trade Services.
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.
Experience required of the Trade Finance Analyst:
- A minimum of 18 months trade finance experience in a comparable bank.