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Trade Finance (Documentary Collections) - Reputable International Bank

City, London, United Kingdom, £ £ 37000.00-37000.00 Annual Annual, Permanent

Description:

My client are a prominent banking entity based in the City specialising in International Trade. They are currently seeking a Trade Finance banking professional with a minimum 2 years of experience within Trade Finance Operations specialising in Documentary Collections.

Job Summary

  • With a minimum of 2 years\' Documentary Collections experience, the successful candidate will be responsible for all processing aspects of the Documentary Collection and Reimbursement process, this includes lodging documents, scanning, effecting payments, liaising with clients, managing correspondence, creating swifts, and sending general chasers.
  • Assisting in receiving, recording and distributing incoming documentary presentations and claims as well as processing outgoing mail. Assisting with managing the departments filing system as well as scanning all documentation received.

Responsibilities

  • Responsible for the end-to-end processing of documents presented on a Collection basis in accordance with relative rules and /or regulations ensuring the Bank\'s standards are complied with in order to ensure the Bank\'s position is protected at all times. Recording documentation in the system, producing letters, creating swifts and sending correspondence to key clients and processing payments within agreed timescales.
  • Act as a source of reference to all clients and counter parties in relation to Collections and Reimbursements.
  • Ensuring any issues are resolved efficiently and professionally maintaining a high standard of customer service.
  • Responsible for keeping the Collections and Reimbursements live, dead and archived filing in order.
  • Acts as a source of reference to all clients and counter parties.
  • Act as the departments subject matter expert for Collections and Reimbursements.
  • Ensures that customers receive an efficient and professional service within agreed turnaround times.
  • Ensuring that all outgoing mail is accurately prepared and despatched on time.
  • Ensuring compliance with the Bank\'s sanctions and due diligence requirements as well as liaising with other departments as and when required.
  • Ensuring any issues are resolved efficiently and professionally maintaining a high standard of customer service.
  • Provide training and mentorship to new staff.
  • May be required to cover admin role short term which comprises of receiving, recording and distributing incoming documentary presentations and claims. Managing the departments Letter of Credit filing system as well as scanning all Letter of Credit documentation received.

Qualification and Experience

  • Minimum 2 years\' Documentary Collections experience within the banking sector.
  • Detailed knowledge of collections and reimbursements as well as all applicable ICC rules and publications.
  • Minimum GCSE level(or equivalent) English and Maths.
  • Excellent written and verbal communication skills with a high level of numeracy, literacy, accuracy and attention to detail
  • Degree level education relatable to banking/business desirable.
  • French/Arabic language skills desirable.

Job Details

857005744
Full Time
City, London, United Kingdom
Permanent
£ £ 37000.00-37000.00 Annual Annual