Searching on behalf of a Trade Finance bank for a 12-month maternity cover for the broad and varied role supporting the business. There are some key requirements for this role, including UCP, ISBP and a grasp of trade finance products.
Key Responsibilities: * Processing the mt700/mt710 and amendments thereon before uploading the L/C's in flexcube system. * To carried out KYC on buyer/sellers and or middleman (traders) * To prepare trade finance check list for compliance purposes. * To report to compliance incase if buyers/sellers or traders falls under the classified "red" countries by our compliance. Use KYC360 tool to check the parties involved under the transaction. * To monitor, if any party involved does not have pep involvement or any adverse reports found then refer to compliance for EDD. * To check the country of goods and report to compliance if country of shipment is classified as "red" for EDD. * To conduct the price checks if it is not in line with market prices then report to compliance. The case may of under or over invoicing. * Print all the KYC reports. * To carry out checking of goods through goods checker and if it is of dual usage then report to compliance for EDD. * All commodity trades must be reported to compliance. * Check there may not be any trade embargoes on the goods (local law or us sanctions). * Classify the risk as high or very high on trade check list. * Before uploading the L/C in flexcube check if the buyers/sellers, L/C issuing banks and or advice through banks have CIF ID allocated. If not then allocate the CIF ID and use prefix 04 for applicants and 05 for beneficiary and for banks refer to customer services for issuance of CIF ID. * Create CIF ID in flexcube under customer maintenance and request to finance department to authorize. * Check if the settlement instructions for the relevant L/C exists in the flexcube otherwise maintain the settlement instructions. * Move the swift mt700 or mt 707 from the incoming swift messages to letter of credit module in flexcube and amend the CIF ID if it appears as parking "999999". * Record the flexcube generated reference number on the respective file for letter of credit under reference. * Prepare swift L/C advising message as mt710 in turbo swift if L/C has to be advised through our correspondent bank. * Properly maintenance of L/C files for record keeping. * First level inputter in "accuity" new product under trial to check the sanctions against buyers/sellers/goods/shipping vessels/carrier companies/carriers agents and or shipping ports. * To remit the charges claimed by the correspondent banks and properly recording of these charges in the relevant L/C files. * To handle the queries from L/C issuing banks/advice through banks and or customers involved.
Experience and Qualifications required: * Minimum education level - relevant banking degree. * Minimum of 5 years relevant experience. * Trade Finance, CDCS, Compliance/Risk Management certifications are added advantage. * Post graduate qualification would be an added advantage.
Key Skills: * Good understanding of trade related transactions. * IT skills. * Handling of customers queries efficiently. * Ability to work in tight time schedules. * Ability to handle sensitive matters related to trade. * Good understanding of UCP 600. * Good understanding of ISBP for the examination of documentary credits under UCP 600. * An understanding and knowledge of money laundering regulations. * Understanding of the banks internal working procedure, flexcube and turbo swift application.
Internal Number: 5125180
About Charles Levick
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MFM 550 W. Frontage Road Ste. 3600 Northfield, IL 60093