Operations - Associate - Forfaiting amp Receivables FTC

Job Title:Operations Associate Forfaiting & Receivables (FTC)
Location:London U.K.
Department:Operations
Employment Type:12 Months Fixed Term Contract
Work Pattern: FullTime / 5 days in the London Moorgate Office

Overview:

• Provide a complete service to the Banks Customers to a high level of administration and service.
• Ensure that transactions allocated are properly implemented independently controlled and diligently monitored.
• Work together with your team clients relationship managers/ marketing/account officers and other departments of the Bank where necessary.
• Familiarize oneself with different products and process methods in accordance with policies and procedures.
• To provide a professional and timely response to enquiries received from internal and external customers of the department.

What You Will Be Doing:

Core Receivable Duties:

• Process daily administration duties under Master Receivable Financing Agreements including processing drawdowns checking drawdown documentation and limits rate fixes discount calculations fees maturity extensions payments cancellation receipt of funds allocation of funds credit notes early repays and part payments in accordance with agreed and documented processes and guided by experienced team members.
• Position and create payments in relation to Receivable Trade Finance Products within currency cut off times.
• Escalation of breaches red flags and other issues including nonperforming transactions to your reporting line/Head of Department/Support manager in accordance with documented processes. Any OREs to be reported to your reporting line/Head of Department/Support Manager immediately.

Other:

• Familiarise oneself with different Banks systems.
• To log organise and prioritise all work received.
• Check Nostro and Type 25 account Reconciliations to ensure any outstanding items relating to Receivables are actioned confirm allocation of funds with Receivable clients and arrange onward payment for funds received not financed. Mature contracts for early repayments match late receipts and identify and chase shortfalls in payment.
• update suspense spreadsheet as necessary and reconcile suspense accounts to URBIS on a monthly basis.
• Arrange for payments to be made in accordance with authentic instructions.
• Monitor / chase outstanding funds daily and diarise as necessary.
• Liaise with Finance for reconciliation.
• Populate Narratives in Corona on Status for outstanding funds daily
• Assist in Project work for the department Qualco Project related activities
• Maintain Receivables Database/Trading Platforms (if applicable) Rohirst and relevant checklists.
• Prepare document location forms DOCSLOCS for the safe custody of original documentation and ensure they are stored in the safe or the vault.
• AdHoc duties as requested by Senior Officer Head of Department/Support Manager(s).

Candidate Specification:

• Accurate and methodical.
  
• Good communication and organizational skills.
• The ability to work independently or as part of a team.
• Basic knowledge of word and excel skills.
• Additional language skills is highly desirable.
• Previous work experience in a Trade Finance function is highly desirable but not essential.

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law.

We welcome applications from people with disabilities and are committed to providing reasonable adjustments where necessary to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process require any reasonable adjustments or an application to Access to work please contact the recruitment lead on: