Trade Issuance Analyst - Letters of Credit

Description

BACB is a UK bank that offers trade finance and investment expertise to clients in specialist markets, especially Africa and the Middle East

We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.

Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.

Additional Info

• Hybrid Working: 3 days onsite, 2 from home
• Location: City of London
• Contract Type: Permanent

Job Summary

Responsibility for Documentary Credit process. This includes processing, checking and signing of Letters of Credit and their respective amendment/auxiliary tasks, in line with BACB guidelines, ensuring the bank’s position is protected at all times. Required to process and/or release other types of products and communications issued by the department.

Key Work Outputs and Accountabilities

• Act as a signatory for the Bank (at appropriate level) which would include processing, checking and signing Letters of Credit and their amendments
• Ensuring LOC's are processed in a timely and professional manner and in accordance with relevant ICC rules, all within agreed timescales to provide the highest quality services possible to customers
• Compliance with Bank requirements as well as liaising with other departments as and when required
• Acts as a source of reference to all clients and counter parties
• Ensures that customers receive an efficient and professional service
• Provides training and mentorship to new staff
• Ensuring any issues are resolved efficiently and professionally maintaining a high standard of customer service

Required Qualifications and Experience

• Minimum 2 -3 years experience in Letter of Credit process, within a similar team
• Exposure to issuance and settlement and relative ICC rules.
• Qualified CDCS preferred
• Demonstrates a level of understanding of the relevant aspects of foreign trade for the Bank.
• Strong communication skills with a high level of numeracy, literacy, accuracy and attention to detail