Day to day processing of LC transactions in conjunction with MGN, Bangalore, including scanning of documents, maintaining records, responsible for the safekeeping of original documents, providing advices or confirmation letters, discrepancy advices and payments advices to beneficiary once received from MGN
Liaise with beneficiaries of LC’s handling any queries raised
Processing of all other types of transactions, Loans and Treasury products, efficiently and in line with agreed timelines.
Assist in the daily monitoring of nostro positions, and passing any relevant entries
Input of exchange rates in the banking core system on a daily basis
Input of lending rates in the core banking system daily
Input static data into core banking system
Support the Operations Manager when required on specific projects from time to time
Liaise with Fi-Sales, Corporate Banking and Treasury departments of the branch to provide guidance and support, when required
Adhere to any guidelines, documented policies and procedures and in line with UK regulatory requirements.
Work with the Operations team, ensuring daily, monthly review of reports and escalating any issues raised
Requirements
Experience of working in a banking environment, with experience in handling LC transactions in a middle office function for at least 2 years
Experience in accounts reconciliation
Strong understanding of excel, word, other Microsoft functions
Effective communication skills
Some understanding of Treasury products, advantageous
Understanding of SWIFT and the Trade Finance and financial operating systems.
Knowledge and familiarity with all relevant UK regulatory guidelines
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