City of London, England, United Kingdom · Hybrid
About Us BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementar…
Skills: Documentary credits, Trade finance, SWIFT, Document checking, ICC rules
City of London, England, United Kingdom · Hybrid
About Us BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementar…
Skills: Country risk analysis, Macroeconomic analysis, Political risk assessment, Credit risk management, Trade finance
City of London, England, United Kingdom · Hybrid
About Us BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementar…
Skills: Trade Finance, Data Management, Microsoft Excel, Microsoft PowerPoint, Microsoft Word
City of London, England, United Kingdom · Hybrid
About Us BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementar…
Skills: Treasury Sales, Foreign Exchange, Trade Booking, Client Relationship Management, Regulatory Compliance
Sign up with Clera and we'll reach out the moment a role actually fits you — no more spraying applications into the void.
The analyst is responsible for processing documentary credits, collections, and trade finance payments while ensuring compliance with ICC rules. They also provide mentorship to staff and act as a subject matter expert for clients and counterparties.
Candidates must have 2-4 years of experience in documentary credits within the banking sector and possess strong knowledge of ICC rules. A professional certification such as CDCS, CITF, or CTFC is required or expected to be obtained within two years.
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.
We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.
Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
Hybrid Working: 3 days onsite, 2 from home
Location: City of London
Contract Type: Permanent
Responsible for all documentary credits processing which includes 1st checking of documents presented thereunder and processing respective payments and/or refusals within agreed timescales, ensuring the bank’s position is always protected. Also required to process other types of Trade Finance payments and communications issued and/or received by the department such as documentary collections. Assisting in receiving, recording, scanning and distributing incoming documentary presentations as well as processing outgoing mail.
· Checking of documents presented against Letters of Credit In accordance with relative rules and /or regulations. This may be a first or single check dependent on bank specified levels of experience.
· Processing payments, acceptances, deferred payments, discounts under letters of credit all to agreed timescales.
· Acts as a source of reference to all clients and counter parties.
· Ensures that customers receive an efficient and professional service within agreed turnaround times.
· Provides training and mentorship to new staff.
· Ensuring any issues are resolved efficiently and professionally maintaining a high standard of customer service.
· Calculating and reviewing commissions ensuring all fees due to the Bank are collected.
· Involvement with processing of participations, syndications and back to backs.
· Act as a subject matter expert for Letters of Credit and related Trade Finance products.
· Act as a source of reference to all clients and counter parties in relation to Collections and Reimbursements.
· Cover the department’s Collections role which comprises of end-to-end processing of documents presented on a Collection basis in accordance with relative rules and /or regulations. Recording documentation in the system, producing letters, creating swifts and sending correspondence to key clients and processing payments within agreed timescales.
. Cover the department’s admin role which comprises of receiving, recording and distributing incoming documentary presentations and claims. Managing the departments Letter of Credit filing system as well as scanning all Letter of Credit documentation received.
· Minimum 2-4 years documentary credits experience within the banking sector. Experience must include exposure to document checking, trade finance payments and SWIFT.
· Minimum GCSE level (or equivalent) English and Maths.
· Detailed knowledge of documentary credits and all applicable ICC rules and publications.
· Qualified CDCS, CITF or CTFC required, or agreed to undertake within two years is desirable.
· Excellent written and verbal communication skills with a high level of numeracy, literacy, accuracy and attention to detail
· Degree level education relatable to banking/business desirable.
Your banking partner for specialist markets
BACB is an international wholesale bank. We provide tailored trade solutions to clients, with a focus on facilitating trade to and from specialist markets in Africa and the Middle East. Established in 1972, BACB is a UK-registered public limited company. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. We are based in multicultural London, banking capital of the world, which provides our clients with the assurance of dealing with a UK regulated bank. It enables us to tap into a diverse, talented range of experienced international bankers, who understand our core markets and who are aligned with the Bank’s ambition to make a difference in the markets in which we do business. The Bank aims to build long-term added value relationships and a sustainable revenue base, leveraging our core competency in facilitating cross border trade with our chosen clients and markets. At BACB we always put our clients first and provide specialised trade finance products and services, as well as a high-end UK real estate lending offering. We are BACB, a unique team of bankers who offer a bespoke service, and an absolute commitment to a long term, highly effective and personal relationship with all our clients. This approach is endorsed by over 50 years’ experience facilitating international trade.
Offices: 8-10 Mansion House Place, London, EC4N 8BJ, GB
Your banking partner for specialist markets
BACB is an international wholesale bank. We provide tailored trade solutions to clients, with a focus on facilitating trade to and from specialist markets in Africa and the Middle East. Established in 1972, BACB is a UK-registered public limited company. We are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. We are based in multicultural London, banking capital of the world, which provides our clients with the assurance of dealing with a UK regulated bank. It enables us to tap into a diverse, talented range of experienced international bankers, who understand our core markets and who are aligned with the Bank’s ambition to make a difference in the markets in which we do business. The Bank aims to build long-term added value relationships and a sustainable revenue base, leveraging our core competency in facilitating cross border trade with our chosen clients and markets. At BACB we always put our clients first and provide specialised trade finance products and services, as well as a high-end UK real estate lending offering. We are BACB, a unique team of bankers who offer a bespoke service, and an absolute commitment to a long term, highly effective and personal relationship with all our clients. This approach is endorsed by over 50 years’ experience facilitating international trade.
Offices: 8-10 Mansion House Place, London, EC4N 8BJ, GB
