Trade Finance Guarantees

Posted 19 February 2025
Salary £55000 - £65000 per annum + Hybrid + Benefits
LocationWest London
Job type Permanent
Discipline Banking Operations
ReferencePB1802_1739945149
Contact NamePaul Butterfill

Job description

Our client, an international bank based in West London, who offer Hybrid working, currently seek a Trade Finance Officer/Supervisor with proven experience in processing, verifying and managing complex Guarantees

To be eligible for this role you must have a technical, sound understanding of Guarantees

Key Responsibilities

  • Reporting to the Deputy Head of Trade, you will responsible for all aspects of the guarantees process, (opening, amending and administering), across the banks Branches
  • Ensure all Guarantees are handled in line with agreed SLA's to ensure that customer service standards
  • Ensure that instructions from customers/branches of the Bank and other banks regarding all aspects of guarantees are implemented within agreed turnaround times and are without errors
  • Ensure that copies of Guarantees issued are sent to customers and other banks and relative charges are collected/claimed promptly
  • Approve release of transactions at the request of the Senior Trade Services Officer or Deputy Head of Trade Services.
  • Share responsibility for clearing outstanding reconciliation items in respect of Guarantees and any other items relating to Trade Services.
  • Ensure that month end balancing of guarantees and commission accounts are done promptly

Essential Experience Required

  • Extensive Trade services background in particular processing, verifying and managing complex Guarantees
  • Sound knowledge of how complex guarantees work across a variety of Trade Finance Transaction types
  • A team player, happy to support other areas of the Trade Services team
  • Some supervisory experience would be highly beneficial