Trade Finance Operations Officer (Associate)

Adecco; London; Hybrid; GBP 45,000 - 60,000; Full time

Job summary

A leading workforce solutions provider is seeking a Trade Finance Operations Officer in London for a 12-month hybrid contract. Responsibilities include managing operational aspects of trade finance products, ensuring accuracy and efficiency. Ideal candidates possess technical knowledge of trade finance products and an understanding of financial crime risks. This role requires working from the London office 2-3 days a week.

Qualifications

• Experience with Documentary Letters of Credit and Guarantees.
• Ability to engage in continuous improvement initiatives.
• Understanding of key legal implications of trade products.

Responsibilities

• Perform all operational aspects of trade finance products accurately.
• Maintain relationships with customers and logistical companies.
• Assist in collating business volumes.

Skills

Technical knowledge of trade finance products

Operational risk identification

Understanding of accounting principles

Knowledge of financial crime risks

Understanding of shipping terms

Understanding of commercial terms

Job description

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 happy to be 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.

Overview of the Role:

• To 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 - this may include customer visits.
• Close liaison with CPD to ensure that all aspects of financial crime in trade products and any red flags escalated as appropriate.

Accountabilities & Responsibilities:

• Performance of all operational aspects of trade finance products in an accurate, efficient and timely manner.
• Main internal relationships outside of OAD would be - GTFD, CBD1, CBD2, CPD, CD, PDIS, PD Legal
• Main external relationships would be - customer relationships, logistical companies and financial institutions
• Application of appropriate workflows and procedures across EMEA to provide guidance to performance of operational responsibility for 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 and understanding 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 respective legal cases that provide precedent to trade products.
• 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
• Understanding of the commercial terms pertaining to international trade flows

Location:

This is a hybrid working role, with a requirement to work from the clients London office 2-3 days a week.

Working hours:

Standard working hours with some flex where required.

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