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Head of Trade Finance - Apply now

Salary: £65,000 - £75,000
Location: London
Type: Permanent

Greater London based banking organisation is seeking a newly created Head of Trade Finance opportunity to join the business and take ownership of the below duties and a team of 5 staff;

  • Being the  primary contact for various business units within the bank and overseas offices, providing technical expertise and guidance on best practice relating to Trade Finance issues.
  • Management of trade finance portfolio of correspondent commercial and central banks 
  • Reviewing overseas contracts for supply of products and advising on related trade finance issues
  • Drafting and issuing Letters of Credits and Guarantees, standby LCs, LoIs (Letters of indemnity) under procurement and service contracts.
  • Reviewing capacity, utilisation and monitoring of correspondent bank and country limits.
  • Submission of credit appraisal forms to the Bank’s Credit Committee in respect of new correspondent relationships
  • Application and knowledge of regulatory AML and KYC due diligence processes in respect of client on-boarding
  • Drafting trade finance facility documentation and primary liaison with the Bank’s legal counsel 
  • Testing of trade finance IT systems and staff training
  • Responsible for drafting the department’s operational and technical manual
  • Setting client and product tariffs and working to budgetary targets
  • Regular overseas visits to sub-Saharan African and East Caribbean central and commercial banks in respect of business development and maintaining client relationships
  • Regular attendance at UK and bi-annual international meetings of the ICC, and attendance at other relevant global trade finance seminars
  • Staff recruitment, appraisals, SMART target setting, preparation training for staff for examinations (CDCS, CITF)
  • Panel “A” signatory
  • Membership to EXCO, Business Development team, and ALCO
  • Reporting directly to the MD

Eligible candidates will have;

  • Strong technical skills in all major trade finance products, including Letters of Indemnities (LoIs), Standby LCs, Transferable LCs, Back-to-Back LCs, Commercial LCs, and Demand guarantees, Discounting, Refinancing, Risk-Participations, etc.
  • Fully conversant with UCP600, URDG458/758, ISP98, ISBP745, URC522, URR725, INCOTERMS 2010
  • Delivering presentations and short courses on Documentary Credits & Guarantees for internal staff and external correspondent banks
  • Fully conversant with Microsoft Office systems and general trade finance systems such as Trade Innovations, Eximbills, and others
  • Fully conversant with SWIFT Alliance and all MT 7 series message