For Recruiters

Documentary Credits Coordinator

Matchpoint Recruitment (UK) Ltd
London, United Kingdom
Posted about 19 hours ago In-Office Permanent Competitive
Karen
Posted by
Karen Diss
Senior Recruiter / Director
Our Client an International Investment Bank are currently seeking a Documentary Credits Coordinator. Reporting to: Head of Trade Services Department The role holder is responsible for ensuring that under any necessary guidance from the Manager, Trade Services, all aspects of the documentary credit process across all branches of the Bank are handled in line with agreed Service level Agreements.

Principle Accountabilities and Duties

Processing activities

· Process all aspects of advising New L/C’s including seeking FI approval, checking workability of L/C’s, and ensuring required Service Level Agreements are met.

 · Process amendments as required.

· Ensures that documents under letters of credit are first checked so that a response can be given within agreed turnaround times.

· Ensures that any discrepancies in the documents presented are referred to the customer/beneficiary/presenting bank within 3 working days or sooner if required and are dealt with in a timely manner.

 · Effects payments/acceptances under letters of credit and deals with the disposal of the documents, (including discounting where necessary).

· Effects payments under letter of credit reimbursement authorities.

 · Responds promptly to all payment related queries and enquiries

· Other duties: including processing Import L/C’s and Documentary Collections, (Export/Import).

· Assist with any other Trade Services related roles as required by the Manager, Trade Services or Head of Trade Services.

Risk & Regulatory Duties

· Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.

· Report policy, procedure and/or regulatory breaches or suspicions to Manager or Head of Trade Services.

· Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.

· Identify any new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Trade Services. Financial Crime

· Act as the “First Line of Defence”.

· Responsible for the accurate execution of Financial Crime Prevention controls in accordance with the Bank's and Departmental policies and procedures.

· Ensure Due Diligence/Enhanced Due Diligence (EDD) is carried out, where applicable, on all parties to the Trade transactions and maintain appropriate records

· Be vigilant to unusual or suspicious transactions and report any suspicions to the MLRO.

· Ensure adherence to the Bank’s AML, Financial Crime and Anti-Terrorism policies and procedures. Training & Competence

· Maintain working knowledge of UCP, ISBP, URR and URC.

· Complete all annual mandatory regulatory training as per the Bank's training plans and deadlines.

Conduct

· Act in accordance with the FCA/PRA Code of Conduct. Business Continuity

· Fulfil all prescribed business continuity requirements as set out in the organisational or departmental specific plans or as instructed by the line Manager/Head of Department.

Qualifications, knowledge, skills, and experience required:

· 5 GCSE’s or equivalent level of education, and documentary credits experience, or a suitable combination thereof.

· PC skills, including Excel, Word, spreadsheets, and database applications.

· Previous Eximbills experience an advantage.

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