Trade Finance Supervisor

TieTalent; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A prestigious international bank in London is seeking an experienced Trade Finance Supervisor to manage import and export Letters of Credit. The role involves conducting compliance checks and ensuring all related transactions are accurate. The ideal candidate will have a solid understanding of trade finance products and relevant compliance regulations, with strong analytical skills. Full-time position with opportunities for career growth in a dynamic financial environment.

Qualifications

• A thorough knowledge of UCP600.
• Understanding all Trade Finance products.
• Knowledge of Money Laundering procedures and UK Proceeds of Crime Act.
• Awareness of FCA Thematic Review 2013, Wolfsberg Principles, JMLSG.

Responsibilities

• Process and authorise import and export Letters of Credit.
• Perform trade finance financial crime checks.
• Ensure all customer and transaction files are up-to-date.
• Checking LC documents for compliance with LC issuing terms.
• Communicating with customers and updating on LC documents and payments.
• Carrying out trade finance compliance checks including due diligence and enhanced due diligence.
• Running price checks and dual-use goods screening where applicable.
• Maintaining accurate customer and transaction files.

Skills

UCP600 knowledge

Trade Finance products understanding

Money Laundering procedures knowledge

FCA Thematic Review knowledge

Numerical skills

Analytical skills

Job description

Overview

Our client, a prestigious international bank, is seeking a Trade Finance Supervisor to join their team on a permanent basis.

The successful candidate will be mainly responsible for processing and authorising import and export Letters of Credit where applicable.

Responsibilities

• LC opening, LC advising and related amendments, negotiation of documents and payments under these LCs.
• Processing & authorising SWIFT messages.
• Processing of relevant charges and accounting entries.
• Upon receipt of LC documents checking documents received are in order and compliant with the LC issued.
• General Administration matters including e-mails from customers / and sending to customers to keep them informed regarding LC documents, payments due and other related Trade Finance issues.
• Reviewing instructions obtained and verify whether they are valid, feasible and meet policies, procedures, and guidelines.
• Undertaking (or checking) trade finance financial crime checks (ongoing due diligence & enhanced due diligence) including reviews of all necessary counter-parties, nature of goods etc ensuring transactions are in line with the banks and regulators compliance expectations.
• Carrying (or checking) out price checks where applicable.
• Performing (or checking) dual use goods checks.
• Ensuring that all customer and transaction files related are accurate and up-to-date.
• Vessel tracking and container tracking where applicable (or checking).
• Performing proliferation checks (or checking) on transactions including checking for any red flags if applicable.
• Have working knowledge of sanctions and provide advice on related queries, approvals, and escalations.
• Performing transactional risk assessments as and when required.
• Skills and Experience: A good and thorough knowledge of UCP600.
• Understanding of all Trade Finance products, Import and Export LCs, Guarantees, Collections, Discounting, Forfaiting, Confirmations.
• Knowledge on Money Laundering procedures and UK Proceeds of Crime Act.
• Knowledge of FCA Thematic Review 2013, Wolfsberg Principles relating to Trade Finance and the JMLSG.
• Awareness of the EU, UK and US financial sanctions regimes and regulations.
• Working knowledge of the regulatory/legislative landscape for sanctions across multiple jurisdictions.
• Understanding of the financial crime risks posed within Trade Finance products.
• Good working knowledge and understanding of requirements in respect of Compliance/AML/Sanctions. The ability to pick up and investigate potential red-flags, review for potential dual use goods and escalate/obtain approvals where required.
• Sound knowledge of the Banking industry with good numerical and analytical skills.

Skills and Experience

• TITL1_UKTJ

Seniority level

• Entry level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Technology, Information and Internet