Trade Finance Supervisor

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

• TITL1_UKTJ

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Technology, Information and Internet

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