We are currently supporting a well-established international banking institution seeking to appoint a Trade Finance & Financial Institutions Officer into its London-based operation.
This position sits within a highly collaborative Trade & FI function and will play a key role supporting correspondent banking relationships, trade finance activities, network bank administration and regulatory due diligence processes. The successful individual will act as a central coordination point between trade customers, network banks, relationship teams and internal stakeholders, ensuring high standards of operational efficiency, governance and client servicing.
The role offers broad exposure across Trade Finance, Financial Institutions, correspondent banking, SWIFT RMA management, country and bank limit monitoring, compliance due diligence and management information reporting. It would suit an individual with prior banking experience within Trade Finance Operations, Financial Institutions, Correspondent Banking Support or Trade Services who is comfortable operating within a regulated, process-driven international banking environment.
Overall Role Purpose
•Act as a client service officer in the department ensuring efficient service to the trade customers and banks.
•Support FI and Trade Business in terms of related administrative activities, record management and operational data management.
•Perform compliance due diligence on new network bank relationships and establishment of RMA.
•Monitor adverse news on network and correspondent banks through SWIFT KYC Registry and take appropriate update from the banks.
•Keep the bank limits updated in coordination with the Head of Trade & FI and Senior Relationship Manager.
•Conduct compliance due diligence on corporate Trade clients.
Daily Duties
Respond to corporate trade customers and banks queries in coordination with Trade business and operations queries.
•Maintain and update the records on the Bank’s and Country Credit Limits.
•Monitor the bank and country limits and reconcile the limits with Credit Administration/ GFI.
•Prepare applications for new and increasing bank limits for GFI allocation and CCC approval.
•Perform compliance due diligence on the correspondent banks annually and respond to BAU queries.
•Perform RMA due diligence on new and existing network banks in compliance with the Group directives.
•Conduct compliance checks on the counter parties on a transactional basis.
•Prepare periodic and ad hoc reports for Head of Trade & FI and other internal and external stakeholders.
•Create MI on banks and countries on a regular basis.
•Reconciliation of department reports with the system reports.
•Periodic MI reports within Excel and PowerPoint.