Associate - F&R

Location: London

Department: Forfaiting and Receivables

Employment Type: 6-month FTC

Work Pattern: Full-Time

Overview

Provide a complete service to the Banks Customer’s to a high level of administration and service. Ensure that transactions allocated are properly implemented, independently controlled, and diligently monitored. Work together with your team, clients, relationship managers/marketing/account officers, and other departments of the Bank where necessary. Familiarise oneself with different products and process methods in accordance with policies and procedures. To provide a professional and timely response to enquiries received from internal and external customers of the department.

What You Will Be Doing

• Core Receivable duties
• Process daily administration duties under Master Receivable Financing Agreements, including processing drawdowns, checking drawdown documentation and limits, rate fixes, discount calculations, fees, maturity extensions, payments, cancellation, receipt of funds, allocation of funds, credit notes, early repays, and part payments in accordance with agreed and documented processes and guided by experienced team members.
• Position and create payments in relation to receivables transactions within currency cut off times.
• Escalation of breaches, red flags and other issues including non-performing transactions to your reporting line/Head of Department in accordance with documented processes.
• Any Operational Risk Events to be reported to your reporting line/Head of Department immediately.

Other

• Familiarise oneself with different Banks systems.
• To log, organise and prioritise all work received.
• Check Nostro and Type 25 account Reconciliations to ensure any outstanding items relating to Receivables are actioned, confirm allocation of funds with Receivable clients and arrange onward payment for funds received not financed.
• Mature contracts for early repayments, match late receipts and identify and chase shortfalls in payment.
• Update suspense spreadsheet as necessary and reconcile suspense accounts to URBIS on a monthly basis.
• Arrange for payments to be made in accordance with authentic instructions.
• Monitor/chase outstanding funds daily and diarise as necessary.
• Liaise with Finance for reconciliation.
• Populate Narratives in Corona on Status for outstanding funds daily.
• Assist in Project work for the department.
• Maintain data in Receivables Database/Trading Platforms (if applicable) and relevant checklists.
• Ad-Hoc duties as requested by Senior Officer and/or Head of Department.

Candidate Specification

• Knowledge
• Good knowledge of word and excel skills.
• Education / Certifications
• No specific academic or professional qualification is mandatory.
• Experience
• Previous work experience in a Trade Finance function is useful.
• Personal Attributes
• The ability to remain calm whilst under pressure from the business and clients.
• Accurate and methodical.
• Good communication and organisational skills.
• The ability to work independently or as part of a team.
• Foreign language skills are an advantage.

Please note, this role is based 5 days within our London office.

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and, in accordance with applicable laws, does not discriminate on the basis of sex, gender identity, gender expression, race, color, religion, national origin, ancestry, age, marital status, disability, medical condition, sexual orientation, or on any other basis prohibited by law. We welcome applications from people with disabilities and are committed to providing reasonable adjustments, where necessary, to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process, require any reasonable adjustments or an application to Access to work please contact the recruitment lead.