Trade Services Clerk

IPOE CONSULTING LIMITED; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

An established industry player in the heart of London is seeking a Trade Services Clerk fluent in Mandarin. This pivotal role involves managing import and export transactions, ensuring compliance with letters of credit, and providing trade finance solutions. The ideal candidate will have a strong background in trade finance, attention to detail, and excellent communication skills. Join a dynamic team where your expertise will contribute to the bank's success in international trade. If you're passionate about finance and ready to make an impact, this opportunity is for you!

Qualifications

• Fluent Mandarin is essential; trade finance experience preferred.
• Strong attention to detail and teamwork skills required.

Responsibilities

• Manage all aspects of import/export transactions including L/Cs.
• Ensure compliance with letters of credit terms and conditions.

Skills

Fluent Mandarin

Trade finance experience

Attention to detail

Teamwork and communication

Analysis, planning and organizing

Adaptability to change

Bilingual: English & Mandarin

Job description

Trade Services Clerk - Mandarin speaking

International Bank based in the City of London

Full time in the office

Principal Purpose of the Job:

Perform tasks relating to import and export initiation and settlement business, including L/Cs, Clean and Documentary Collections, Bank Guarantees, and trade finance business. AML System checking and assessment on trade transactions.

Main Responsibilities & Accountabilities:

• All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc.
• All aspects of export transactions including: L/C advising; L/C confirmation, scan documents.
• Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
• Calculate accurately the fees and interests for the relevant transactions.
• Liase correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures.
• Collate and check documents to ensure compliance with letters of credit terms and conditions.
• Proficient checking of payments with appropriate knowledge of Swift rules.
• Timely following up of irregularities with customers.
• Liase with clients on matters relating to L/C transactions.
• Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
• Funds positioning.
• Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments.
• Make proper registrations to the business as required by the procedure.
• All the CDD and AML checking in trade services and other product lines as required by the Bank’s policy.
• Keep all AML check evidences for audit trail purpose. Must report/escalate to MLRO for potential positive hits or suspicious transactions in accordance to the Bank’s AML policy.

Skills Required:

• Fluent Mandarin - if you don't have this, your application won't be considered.
• Previous experience in trade finance, ideally working for an International Bank.
• Accuracy and able to adapt to change in workflows.
• Analysis, planning and organizing.
• Attention to detail.
• Teamwork and communication.
• Bilingual: English & Mandarin is preferable.

Candidates must also have the right to work in the UK. I’m afraid sponsorship isn’t offered for this position.

Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.