Trade Finance LC Officer (FTC 12 months) - #1739841

Candidates must have a minimum 3 years’ experience of working in Trade Finance Operations, particularly in LC issuance, advising and documents examination, UCP 600 and Incoterms.

Our client, an International Bank, is looking for a Trade Finance LC Officer to join their team in London on a fixed term basis (12 months). This is a hybrid position with 3 days in the office.

The role requires a thorough understanding of ICC UCP 600, ISBP, Incoterms, International Standard Banking Practice and other related regulations to ensure compliance and mitigate risks associated with international trade transactions. The successful candidate will be responsible for the issuance, advising, documents examination, discounting and settlement of documentary letters of credit within the expected time frame.

Key responsibilities / accountabilities:• Review customer applications and LCs received to ensure they are valid, workable, and meet ICC UCP and Bank’s policies and procedures.• Identify discrepancies and fraud risks in the documents and transactions. Take appropriate actions to mitigate risks in accordance with bank policies and international trade practices.• Ensure all trade transactions comply with internal policies, international trade regulations, anti-money laundering (AML) standards, and Know Your Customer (KYC) procedures.• Ensure consistency of customer’s application and letter of credit against the department’s screening standards, existing financial crime controls and regulatory benchmarks.• Coordinate with customers, issuing banks, advising banks, and other stakeholders to clarify, negotiate, and resolve discrepancies or issues related to documents and LC transactions.• Protect the Bank from Money Laundering, Financial Crime and Terrorist Financing by following department manual and procedures.• Prepare and submit reports on document checking activities, discrepancies identified.• Investigate and respond to any enquiries received internally or externally.• Scan and save documents electronically at the time of initiation and at all stages of the transactions. • Accountable for the accuracy of final product and that it has been completed within established Service Level standards. • Co-operate with and assist other members of Team with the completion of the day’s work and any other tasks that could be associated with this role.• Stay updated with the changes in trade finance regulations, UCP 600, ISBP, and other relevant guidelines. • Participate in training and professional development.

Skills and Experience:• Strong knowledge of UCP 600, ISBP, and international trade practices. • CDCS preferred or agree to undertake within a year• Clear understanding of trade-based money laundering and red flag activities to escalate when necessary.• Experience of working in the financial services industry.• Minimum 3 years’ experience of working in Trade Finance Operations, particularly in LC issuance, advising and documents examination.• College degree in finance, international business or relevant industry experience • Overall knowledge of Microsoft Office (Excel, Word and Outlook).• Knowledge of using Sanction, PEP and adverse media screening tools/software.• Knowledge of using trade finance processing systems.

For more information on this role please contact Judith Webb by sending your CV and quoting ref (phone number removed)JW.