Documentary Credits Coordinator

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.