Bank Guarantees Coordinator
Core
Process and administer Bank Guarantees to meet customer service standards within an international Investment Bank's Trade Services team.
Role type
Operations Coordinator (Bank Guarantees)
Builds
Bank Guarantee transactions and related administrative processes
Domain
Banking / Trade Finance
Required skills
guarantee administration, transaction processing, regulatory compliance, financial crime prevention, due diligence, file archiving, risk control application
Preferred skills
knowledge of URDG and ISDGP, Excel proficiency
Technologies
Excel, Word, database applications
Responsibilities
Process customer and bank instructions for guarantees within agreed turnaround times, handle periodic commission debits and claims, send correspondence regarding guarantee issuance, notify Settlement Department of fund movements, archive and retrieve closed files, resolve section queries, clear outstanding Nostro items, review guarantee texts, apply Financial Crime Prevention controls and conduct Due Diligence/EDD, report suspicious transactions, comply with AML and Anti-Terrorism policies, stay informed on regulatory requirements, report policy breaches, identify new risks or control gaps.
Seniority
Junior, operational support