Trade Finance, Guarantees Associate

Johnson & Associates Rec Specialists
40000.00 GBP Annual
31 Aug 2017
22 Sep 2017
Contract Type
Our client, one of the largest international banks, is looking to recruit a Guarantees Associate to work within their London based Trade Finance Operations Department on a contract basis. You will be reporting to the Guarantees Controller within Trade Finance Services.

The role of Guarantee co-ordinator is to ensure that all guarantee processing and administration is actioned efficiently to ensure that customer services standards are met as directed by senior team members.

Main Responsibilities of the Guarantees Associate:

- Ensures that all incoming instructions from customers/branches and other banks are handled within agreed turnaround times and without errors as directed by senior team members
- Deals with all administration under Guarantees including the daily list of periodic commissions to be debited or claimed from customers/banks.
- Ensures that all the necessary correspondence in respect of guarantee issuance is despatched promptly to the required parties.
- Shares advising movement of funds to Settlement Dept. before the stipulated cut off times.
- Shares archiving of dead files on a regular basis and retrieves files from archive when requires
- Assist in resolving queries relating to work processed on the section
- Other duties relating to Trade Services processing as required by the Manager and Senior Manager Trade Services
- Share responsibility for clearing outstanding Nostro items relating to guarantees
- 1st Review of guarantee tests where required and advise findings to senior staff for further action.

The successful Guarantees Associate must have:

- Previous and up to date Guarantees experience within a banking environment
- Previous Trade Finance experience
- PC skills including Excel, Word, spreadsheets and database applications.
- The ability to act with integrity, due care and diligence.
- The capability to observe proper standards of market conduct.
- You must pay due regard to the interest of customers and treat them fairly.