Trade Finance Operations Officer (Associate)

Adecco; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A staffing agency is seeking a Trade Finance Operations Officer for a 12-month contract in London. This hybrid role involves performing operational tasks for trade finance products and collaborating with various teams. The ideal candidate will have strong technical knowledge of trade finance and risk mitigation skills. The role requires working from the London office 2-3 days a week.

Qualifications

• Experience with Documentary Letters of Credit and guarantees.
• Ability to follow operational risk plans.
• Familiarity with accounting practices for trade finance.

Responsibilities

• Perform operational aspects of trade finance products accurately.
• Liaise with teams and customers for technical assistance.
• Apply workflows for trade products across EMEA.

Skills

Technical knowledge of trade finance products

Risk identification and mitigation

Understanding legal implications

Understanding of financial crime risk

Accounting principles knowledge

Familiarity with shipping and commercial terms

Job description

Overview

Trade Finance Operations Officer (Associate) – 12 Month Contract – London – Hybrid Working

The Adecco group is part of Adecco Workforce Solutions (AWS). We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.

We are recruiting for one of our high-profile banking clients. They are currently looking for a Trade Finance Operations Officer to join them for an initial 12 month contract, however there may be scope for extension.

Purpose of the Role: To perform all operational aspects of trade finance products in an accurate, efficient and timely manner. Trade Finance is the financing of international trade flows. It exists to mitigate or reduce the risks involved in an international trade transaction for both the exporter who requires payment for their goods or services and the importer who wants to make sure they are paying for the correct quality and quantity of goods.

Responsibilities

• Perform all operational aspects of trade finance products in an accurate, efficient and timely manner.
• Close liaison with marketing teams as well as internal and external customers providing technical assistance relating to trade products (may include customer visits).
• Collaborate with CPD to ensure that all aspects of financial crime in trade products are addressed and red flags escalated as appropriate.
• Apply appropriate workflows and procedures across EMEA to provide guidance for the operation of trade products.
• Assist to maintain appropriate business contingency plans to restore operations in an efficient and controlled manner.
• Assist to collate business volumes.
• Engage in OAD Kaizen initiative contributing toward continuous improvement.

Knowledge, Skills & Experience

• Technical knowledge of traditional trade finance products such as Documentary Letters of Credit, Stand-by Letters of Credit and Guarantees, Documentary Collections, Discounted Receivables (bills of exchange, promissory notes, invoices).
• Able to identify operational risk and follow mitigation plans.
• Understanding of key legal implications of trade products and relevant precedents.
• Understanding of financial crime risk pertaining to trade finance and how to follow mitigation plans.
• Understanding of accounting principles for trade finance products.
• Understanding of shipping terms and the commercial terms pertaining to international trade flows.

Location and Working Hours

Location: Hybrid working role with an requirement to work from the client's London office 2-3 days a week.

Working hours: Standard working hours with some flex where required.

Application

If you feel that this is a role that would suit you then please apply today. If you do not hear from us within 48 hours of your application, please assume that you have been unsuccessful on this occasion.

The Adecco Group is an equal opportunities company.