Head of Trade Finance - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Head of Trade Finance Operations Department
Working for a well established global Bank you will be responsible for a team of 17 staff
The objective of the role is to manage and be accountable for the Trade Finance Operations of the Bank.

This includes Operations in respect of:

Import and Export Letters of Credit
Reimbursements under Letters of Credit
Discounts of Letters of Credit and Bills of Exchange
Documentary Collections
Clean Collections
Issuing and Advising Bond and Guarantees
People Management
Risk Management
Systems and Controls effectiveness

Responsibilities, Accountabilities and Deliverables

Quality of Service
Lead a team that will provide a level of service which consistently and flexibly meets and exceeds customer expectations,

Operational Integrity

Lead the Trade Finance team effectively, ensuring that the banks standards are maintained and that the operations manual procedures are always followed.

Profit Improvement

Focus on income opportunity and cost containment. Ensure that all income is correctly booked to ensure that department budgets are achieved and exceeded where possible.

Risk Management

Monitor and control risk exposures within established sanctioned facilities with regular liaison with the Credit Department.

People Management

Fully develop the skills and abilities of the TFO team by regular cross training and motivation. Undertake recruitment and performance management. Ensuring that all functions are covered in the department efficiently.

Skills and competence

Highly skilled in Fraud, Financial Crime and Money Laundering Risk and all other policies relating to the banks obligations under compliance and regulations concerning Trade Finance
Extensive understanding of all the Trade Finance products that the bank offers including an indepth and broad specialist knowledge of trade services operations and associated areas including Documentary and Guarantee business related issues includingregulatory requirements.
Thorough understanding of FCA requirements relating to Financial Crime in Trade Finance.
Meticulous and detailed oriented.
Strong leadership and interpersonal skills.

Experience

Minimum 15 years' experience in banking industry
10 years' experience working in International Trade Finance at Management level
Experience of using and upgrading Banking Systems for Trade Finance.
Prior experience in defining service level benchmarks/ targets and their periodic monitoring.
Working knowledge of all aspects of Risk
Credit, Regulatory and Product.