Guarantees and Trade Officer

Job details
Job type
Permanent
Full-time
 
Location
Sydney NSW
 
Full job description
To be part of the Trade Supply Chain Finance Operations, and support Corporate Financing, Bank Guarantees processing, Payments, Loans and Fees whenever required.

The Trade Supply Chain Finance team is responsible for the front to back processing of Documentary Letters of Credit Collections, handles Receivable Payable financing, Issuance of Bank guarantees for corporate clients including Domestic and International Bank Guarantees/Standby Letters of Credit

To ensure transactions are processed in a timely manner and in accordance with BNPP group policies, Regulatory compliance requirements, as well as Bank’s Standard Operating Procedures.

Key Responsibilities

Prepare detailed instructions for the regional Back Office to process Documentary Letters of Credit Collection transactions
Manage day-to-day processing of Supply Chain Financing transactions efficiently and reconcile client inventory data in accordance with bank’s collateral management requirements
Undertake responsibility for reviewing, drafting, and execution of Demand Guarantees, Ensure potential risks relating to guarantee wordings are either accepted by Legal/Business, or mitigated by revision, making sure all ambiguities and contradictions are addressed.
Review Standby Letter of Credit applications and amendments to determine workability, accurately interpret and execute instructions while complying with bank’s policy.
Monitor and ensure all Trade Finance, guarantee and supply chain transactions and documentation and are accurately recorded and presented.
Maintain a strong level of awareness in terms of checking credit limit utilization, Credit Risk Control authorizations, agreed client conditions, applicable margin and special requirements
Perform all controls in accordance with operational procedures Group policies, and complete duty check-list on a daily basis
Monitor transactions completed by regional Back Office: day-to-day interaction with regional Back Office teams, Investigating Nostro account breaks, reconciling client settlement /payable/receivable accounts, following up overdue/outstanding/shortfall items in a timely manner
Respond to client queries, while demonstrating higher standards of customer service at all times
Ensure guarantee commissions are booked accurately and collected within agreed time lines
Provide support to the Loan Administration area: arrange inputting of the Loans, ensure loan facility fees are calculated accurately and collected, handle Bank Guarantee processing, monitor payment queues and ensure payments are processed within cut-off time.
Other key considerations:

Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
Comply with internal and external regulatory and compliance requirements
Comply with the BNPP standards of Code of Conduct
Comply with the BNPP IT Security policies
Anti‐Money Laundering / Financial Sanctions “AML/FS”) related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.
Technical and Behavioural Competencies

A proactive attitude and willingness to learn and help others as the position requires extensive cross training of different functions undertaken within the department in order to back up other staffs when required.
Clear and concise communication skills and experience in dealing with internal and external teams and entities
Good understanding of Uniform Customs and Practice for Documentary Credits(UCP 600), Uniform Rules for Demand Guarantees (URDG758) and ISP+8
Strong numerical reasoning and analytical skills
Experience with Swift payments system
Strong time management skills, with the ability to prioritize under pressure
Take ownership of the tasks and maintain a positive attitude, provide dedicated support to clients and colleagues when necessary
Accuracy – focusing on getting it right the first time, and strong attention to detail
Accountability – committed to achieving the organisation's objectives, demonstrate perseverance and be accountable for own actions
Keen to learn, ability to work in a team and independently
Quality – understand that all aspects of the job require quality outcomes
Ability to cross-train and undertake different responsibilities within the team
A team player with hands on approach, to be a part of a team working in a rapidly-growing, fast-paced, success-focused environment
Specific Qualifications Technical Experience Required

Required:

Tertiary studies in the Banking / Finance Industry, or 3 to 5 years relevant experience in similar field
Good knowledge of Letters of Credit and documentary collections
Good knowledge of Supply Chain Finance processing
Experience of controls to manage Operational Risks
Knowledge of general banking products and basic accounting
IT Skills

Package

Level of Proficiency Required

MS Excel

Good

MS Word

intermediate

MS Outlook

Intermediate

 
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