Head of Trade Finance

Head of Trade Finance

West End

5 days in the office

Permanent

£100,000 / £120,000 plus benefits plus bonus

cer Financial are working alongside an international bank who are based in the West End. They are seeking a Head of Trade Finance to work with them on a permanent basis.

The responsibilities of the Head of Trade Finance will include:

• Proactively identify and pursue new trade finance business opportunities, including monitoring FI limits and engaging directly with counterparties or through the secondary market.
• Attend meetings, seminars, and networking events to build relationships, broaden market reach, and expand sources of trade finance business.
• Respond promptly and professionally to all external and internal enquiries relating to trade finance opportunities, demonstrating strong technical expertise and excellent customer service.
• Liaise effectively with customers on document discrepancies, technical queries, and transaction issues, including managing difficult customer interactions with professionalism and clarity.
• Complete credit line reviews and applications on a timely basis
• Respond promptly and with care and attention to all e-mail enquiries in respect of trade finance business opportunities, enquiries from correspondents, or internal correspondence.
• Monitor FI limits and where limits are available check with relevant counterparties for new trade loan business opportunities, both directly with FI counterparty or via the secondary market.
• Attend meetings with counterparties to develop relationships and increase scope for sourcing business opportunities
• Perform final check and authorise all transactions processed, signing documentation, including internal account posting vouchers, and releasing Swift payments and correspondence.
• First signature on all trade finance documentation which requires approval by the CEO or nominated deputy, or a second authorised signature of the Bank.
• Provide quality customer service to all counterparties, customers (including internal customers), demonstrating excellent communication skills
• Attend seminars and networking events.
• Provide guidance/coaching to team members.
• Perform appraisal reviews for all staff and provide ongoing feedback on performance and in meeting objectives.
• Lead, motivate, and develop team members.
• Support the recruitment, onboarding, and ongoing development of staff.

The successful Head of Trade Finance will have:

• Thorough knowledge and grounding in ICC rules governing letters of credit, guarantees, bank to bank reimbursements, documentary collections, standby letters of credit, and forfaiting.
• Must be confident in dealing directly with beneficiaries and other banks in technical documentary credit matters and dealing with difficult customers and issues.
• Awareness/experience of managing credit limits, and ability to analyse bank financial reports and prepare credit line applications.
• Good knowledge of AML regulation and experience in completing customer due diligence checks.
• Thorough understanding of international payments, acceptances, discounting of bills, and trade loan documentation.

You must be a fully competent Head of Trade finance to apply for this role. The client needs you to be a proven business developer.