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Trade Service Officer 1st,2nd & 3rd Document Checking
Due to an increase in work flow, we have a very urgent requirement for a temp with previous experience of 1st, 2nd and 3rd checking Documentary Letters of Credit for a period of 6 months on a fixed term basis. This position will be working for a well-established Bank with a first class name in the Trade Finance market.
Review all discrepancies and escalate/discuss for a decision with Line Manager
Ability to identify discrepancies in documents in order for 1st, 2nd and 3rd check of documents.
Ability to recognise Red Flags under all Trade Products
Conduct vessel checks through Lloyds List and identify any irregularities
Refer vessel checks and L/C details for approval through Compliance Link
Ensure Anti-Money Laundering Guidelines are strictly followed and doubtful transactions are promptly escalated to Line Manager
Processing compliant and/or discrepant documents
Acting as a technical reference point for the team across all Trade Products
Comply with the FCA/PRAs Individual Conduct Rules, as outlined below
Advising of Letters of Credit
Knowledge of Reimbursement claims
Knowledge of trade payments
Knowledge of transferable letters of credit, back to back LC and guarantees
Skills and knowledge:
Knowledge of checking documents under: Import, Export, Back to Back, Transferable, Commodity and Standby L/Cs.
An excellent current working knowledge of all ICC Rules relating to Documentary Credits, Collections and Guarantees
Knowledge of Terrorist Financing and Sanction Regulations.
Must be confident in dealing directly with beneficiaries and other banks in technical documentary credit matters and possess a good telephone manner.
Good understanding of UCP, URDG, ISBP, URC and URR
System knowledge: Outlook, T24, SWIFT, MS Office (word, excel)
CDCS Qualified preferred
Good knowledge of excel
Please send a copy of your CV to Barbara@bhal.co.uk or call on 0207 972 9460
Mobile: 07768 863242
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