At a Glance
- Tasks: Check and prepare trade documentation, ensuring smooth processing of transactions.
- Company: Reputable London-based bank with a focus on trade services.
- Benefits: Opportunity for permanent position, competitive salary, and professional growth.
- Other info: Fast-paced environment with opportunities for career advancement.
- Why this job: Join a dynamic team and gain valuable experience in international trade finance.
- Qualifications: 3+ years in documentary processing and knowledge of trade finance regulations.
The predicted salary is between 40000 - 50000 € per year.
Our client, a London based Bank, is seeking a Trade Services Officer to join their team on a temporary basis (with a possibility of going permanent). The successful Trade Services Officer will check/prepare incoming & outgoing documentation within the Department, covering LC opening, amendments, collections, documentary checking, payments, liquidations, including input of entries/SWIFTs. They will also support secondary business activity involving processing of transactions under Risk Participation (inward and outward) and syndicated loans.
Responsibilities (but not limited to):
- Documentary checking (first & second) including payments.
- Handling/processing of LC Opening/Amendments/Guarantees/Bonds Inward and Outward.
- Handling/processing of Bills for Collection.
- Handling transactions from secondary market (forfaiting, risk participations, syndicated loans).
- Ensuring that LCs are advised/confirmed promptly.
- Ensure that any client requests or queries are resolved in a timely manner.
- Administration of Trade Services transactions, including input of entries, liquidations and SWIFTs into our banking system, file administration.
- Liaison with Issuing Banks.
- Liaison with Group Trade Services.
- Liaison with clients.
- Due diligence checks - AML/KYC and Sanctions. Ensure financial crime checks undertaken on individual transactions presented for release.
- Single step authorisation for certain low value transactions in accordance with the Bank's procedures.
- Ensure the nostro reconciliations are cleared promptly.
- Reconciliation of LC register.
Knowledge/Skills/Experience:
- Knowledge of UCP600 / ISBP745.
- Knowledge of URC522.
- Knowledge of Guarantees including URDG758.
- Minimum 3 years experience as a documentary processor.
- Experienced documentary checker and second checker.
- Knowledge of Forfaiting (Discounting).
- Knowledge of SWIFT and related messages.
- Familiarity with current AML/KYC/sanctions requirements beneficial.
- Efficiency - accuracy, attention to detail and speed all key attributes.
- CDCS qualification beneficial.
- Knowledge of Risk Participations and syndicated loans beneficial.
Trade Services Officer - Perm in City of London employer: Barbara Houghton
Join a prestigious London-based bank as a Trade Services Officer, where you will be part of a dynamic team dedicated to excellence in trade finance. The bank offers a supportive work culture that values employee growth and development, providing opportunities for professional advancement in a fast-paced environment. With competitive benefits and a commitment to fostering a collaborative atmosphere, this role is perfect for those seeking meaningful and rewarding employment in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Services Officer - Perm in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who know about trade services. A friendly chat can lead to insider info on job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UCP600 and URC522. Being able to discuss these topics confidently will show you're serious about the Trade Services Officer role and ready to hit the ground running.
✨Tip Number 3
Don’t forget to showcase your attention to detail! During interviews, share examples of how you've handled documentary checking or reconciliations in the past. This will highlight your efficiency and accuracy, which are key for this role.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare and land that Trade Services Officer position. Plus, it’s a great way to get noticed by our hiring team directly.
We think you need these skills to ace Trade Services Officer - Perm in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Services Officer role. Highlight your experience with documentary checking, LC processing, and any relevant banking systems. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your knowledge of UCP600, URC522, and any other relevant qualifications. Let us know what excites you about working with us!
Showcase Your Attention to Detail:In a role like this, accuracy is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to double-check their work, so show us that you’re detail-oriented right from the start!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Barbara Houghton
✨Know Your Trade Services Inside Out
Make sure you brush up on your knowledge of UCP600, ISBP745, and URC522. Familiarity with these terms will not only help you answer technical questions but also show that you're genuinely interested in the role.
✨Showcase Your Experience
Be ready to discuss your previous experience as a documentary processor. Prepare specific examples of how you've handled LC openings, amendments, and documentary checking. This will demonstrate your hands-on expertise and problem-solving skills.
✨Prepare for AML/KYC Questions
Since due diligence checks are crucial in this role, be prepared to discuss your understanding of AML/KYC and sanctions requirements. Think of scenarios where you've applied these principles in your past roles.
✨Ask Insightful Questions
At the end of the interview, don’t forget to ask questions! Inquire about the team dynamics, the bank's approach to trade services, or how they handle client queries. This shows your enthusiasm and helps you gauge if the company is the right fit for you.
