We have an exciting opportunity for a Guarantees Coordinator, to join the London based trade finance operations department, of a thriving international Bank.
The role of Guarantees Co-ordinator is to ensure that all guarantee processing and administration is actioned efficiently to ensure that customer services standards are met as directed by senior team members.
The main responsibilities of the Guarantees Coordinator:
- Ensure that all incoming instructions from customers/branches and other banks are handled within agreed turnaround times and without errors
- Deal with all administration under Guarantees including the daily list of periodic commissions to be debited or claimed from customers/banks.
- Ensure that all the necessary correspondence in respect of guarantee issuance is despatched promptly to the required parties.
- 1st Review of guarantee texts where required
- Share advising movement of funds to Settlement Dept. before the stipulated cut off times.
- Share archiving of dead files on a regular basis and retrieves files from archive when required.
- Assist in resolving queries relating to work processed on the section
- Share responsibility for clearing outstanding Nostro items relating to guarantees
- Maintain knowledge of all applicable regulatory requirements
- Report policy, procedure and/or regulatory breaches or suspicions
- Identify any new risks/control gaps and escalate accordingly
- Act as the “First Line of Defence”.
- Responsible for the accurate execution of Financial Crime Prevention controls
- Ensure Due Diligence/Enhanced Due Diligence (EDD) is carried out
- Previous banking experience
- Knowledge of Trade finance products in particularly Guarantees
- Knowledge of all rules relating to guarantees for example URDG
- PC skills including Excel, Word, spreadsheets and database applications.