Assistant - Trade Settlement

Bank of China (UK) Limited; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A financial institution in London seeks an Assistant - Trade Settlement for a 12-month fixed-term contract. The role involves processing Bank Guarantees, Letters of Credit, and Documentary Collections. You will ensure timely transaction processing and maintain customer files. Ideal candidates have experience in trade finance and attention to detail. This position offers full-time work in a dynamic environment.

Qualifications

• Experience in trade finance or relevant financial services.
• Strong attention to detail.
• Ability to perform checks on work processed by colleagues.

Responsibilities

• Process daily workload including Letters of Credit and Guarantees.
• Perform checks on colleagues' processed work.
• Keep customer files updated.
• Assist with ancillary tasks and statistics preparation.
• Ensure timely processing of transactions.

Job description

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes the Operations Resilience and Operation Control teams which are responsible for overseeing the Bank's resilience programme and managing user rights for certain systems. As an Assistant - Trade Settlement, you will be responsible for administering the delivery of all functions within the Trade Services department, primarily processing Bank Guarantees, Standby Letters of Credit and Import / Export Letters of Credit. This is a 12 month full time fixed term contract position.

Key responsibilities

• Process daily workload which includes Letters of Credit, Documentary Collections and Guarantees, both import and export financing including negotiations, discounts, loans, risk sale and purchase
• Perform four eye checks on work processed by other colleagues
• Keep customer files up to date
• Assist in handling ancillary tasks including post, courier, filing, SWIFT messages, archiving, and other daily processes
• Prepare information requested for monthly, quarterly and half yearly statistics for the department and Head Office
• Ensure all transactions are processed within time frame and within rules and regulations, e.g. UCP, ISBP and URDG