Trade Services Clerk

Short overview of the role:

1. Checking of documents presented against Letters of Credit in accordance with relative rules and/or regulations. This may be a first or single check dependent on levels of experience.
2. Overseeing and managing all aspects of Letters of Credit including getting them approved.
3. Processing payments, acceptances, and deferred payments.
4. Act as a subject matter expert for Letters of Credit and related Trade Finance products.
5. Ensuring any issues are resolved efficiently and professionally, maintaining a high standard of customer service.
6. Spearhead efforts in preventing financial crime by rigorously implementing controls, conducting thorough Due Diligence on trade transaction parties, and ensuring strict compliance with relevant policies.
7. Calculating and reviewing commissions ensuring all fees due to the Bank are collected.
8. Ensure strict adherence to regulatory requirements, promptly report any breaches, and proactively identify and escalate risks or control gaps to management for resolution.
9. Maintain a strong understanding of trade finance regulations.

Requirements:

1. IT literate and experience using Microsoft Office (Word, Excel & PowerPoint).
2. Good understanding of Trade Finance and a minimum of 6 months experience in Trade Finance.
3. Good attention to detail.

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