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Trade Services Clerk - L/C, Import/Export L/C, Trade Finance


London - City of London
Not Specified
Permanent
Job Reference
248452/001

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

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Attention to detail, UCP600;
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Accuracy and able to adapt to change in workflows;
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Analysis, planning and organising;
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Bilingual: English & Mandarin is preferable but not mandatory.

Main Responsibilities & Accountabilities:

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All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc., scan document and send to BPC for their checking under import L/Cs, effecting payment under L/Cs, D/P, D/A, etc., bank guarantees / standby L/Cs and import finance.
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All aspects of export transactions including: L/C advising; L/C confirmation, scan documents and send to BPC for their checking against export L/C negotiation, L/C reimbursement and collections under D/P, D/A, etc. Double check the contents of delivery documents before mailing.
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Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
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Calculate accurately the fees and interests for the relevant transactions.
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Liaise correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures with BPC.
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Collate and check documents which have been processed by BPC to ensure Compliant with letters of credit terms and conditions.
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Proficient checking of payments with appropriate knowledge of Swift rules after being made by BPC.
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Timely following up of irregularities with customers and BPC.
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Liaise with clients on matters relating to L/C transactions together with BPC.
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Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
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Funds positioning.
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Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments and externally with BPC.
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Make proper registrations to the business as required by the procedure.
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Assist Head of Institutional Banking to monitor the progress of the transaction processing.
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Suggest the upgrading of the working procedure.
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Filing and archiving.
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All the CDD and AML checking in trade services and other products lines as required by the Bank's policy.
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Keep all AML check evidences for audit trail purpose. Must report / escalate to MLRO for potential positive hit or suspicious transactions in accordance to the Bank's AML policy.
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Other tasks as directed by the Head of Institutional Banking.

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