Overview
Our client, a prestigious international bank, is seeking a Trade Finance Supervisor to join their team on a permanent basis.
The successful candidate will be mainly responsible for processing and authorising import and export Letters of Credit where applicable.
Responsibilities
- LC opening, LC advising and related amendments, negotiation of documents and payments under these LCs.
- Processing & authorising SWIFT messages.
- Processing of relevant charges and accounting entries.
- Upon receipt of LC documents checking documents received are in order and compliant with the LC issued.
- General Administration matters including e-mails from customers / and sending to customers to keep them informed regarding LC documents, payments due and other related Trade Finance issues.
- Reviewing instructions obtained and verify whether they are valid, feasible and meet policies, procedures, and guidelines.
- Undertaking (or checking) trade finance financial crime checks (ongoing due diligence & enhanced due diligence) including reviews of all necessary counter-parties, nature of goods etc ensuring transactions are in line with the banks and regulators compliance expectations.
- Carrying (or checking) out price checks where applicable.
- Performing (or checking) dual use goods checks.
- Ensuring that all customer and transaction files related are accurate and up-to-date.
- Vessel tracking and container tracking where applicable (or checking).
- Performing proliferation checks (or checking) on transactions including checking for any red flags if applicable.
- Have working knowledge of sanctions and provide advice on related queries, approvals, and escalations.
- Performing transactional risk assessments as and when required.
- Skills and Experience: A good and thorough knowledge of UCP600.
- Understanding of all Trade Finance products, Import and Export LCs, Guarantees, Collections, Discounting, Forfaiting, Confirmations.
- Knowledge on Money Laundering procedures and UK Proceeds of Crime Act.
- Knowledge of FCA Thematic Review 2013, Wolfsberg Principles relating to Trade Finance and the JMLSG.
- Awareness of the EU, UK and US financial sanctions regimes and regulations.
- Working knowledge of the regulatory/legislative landscape for sanctions across multiple jurisdictions.
- Understanding of the financial crime risks posed within Trade Finance products.
- Good working knowledge and understanding of requirements in respect of Compliance/AML/Sanctions. The ability to pick up and investigate potential red-flags, review for potential dual use goods and escalate/obtain approvals where required.
- Sound knowledge of the Banking industry with good numerical and analytical skills.
Skills and Experience
Seniority level
Employment type
Job function
Industries
- Technology, Information and Internet
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