Issued Guarantees Officer

A global investment bank is currently recruiting for an Issued Guarantees Officer on a fulltime permanent basis.

The role will be based in in Liverpool street with hybrid working available (3 days a week on site).

The successful candidate will be responsible for the end to end processing of Guarantees and SBLC’s, including drafting, sending and recording the systems and fees management.

Key Responsibilities

• Responsible for the timely and accurate processing of guarantees and associated work.
  
  • To check client and bank requests for issuance of guarantees and SBLC’s, to ensure legal acceptability, and compliance with the Bank’s standards. To verify client instructions against credit authorisations and agreed client conditions
  • Registering transactions within bank tools, ensuring a high level of accuracy and efficiency in a timely manner
  • Preparation and issuance/re-issuance/checking of guarantees and SBLC’s including Tender Bonds, Financial / Performance / Advanced Payment Bond / Warranty Bond / Bid Bond / Evergreen / Tax /Trade Related Financial, Retention Monies Guarantees, Customs Guarantees etc., (including the booking of our share of syndicated loans and guarantees).
  • Follow-up work on guarantees and SBLC’s including amendments, extensions, cancellations/releases, queries and claims.
  • Communication with other European sites, FO, Fin Sec/Compliance, Legal and other Banks
  • Claiming and handling receipt of all related fees and commissions.
  • Preparation of invoices to clients, ensuring a high level of accuracy in terms of calculation of fees and production and regular follow up of unpaid invoices
  • Prepare and check issue bank fees from local issuing banks
  • Maintaining excel spreadsheets and monitoring/agreeing suspense accounts at month end.
  • Checking, signing and eventually releasing Guarantees/SBLC’s
  • Capture of Guarantees and SBLC’s processing of follow up work and fees in TI+
  • Perform controls to ensure compliance with internal and regulatory regulations

• Providing advice to clients and Front Office where possible. Reviewing and helping to structure guarantee texts. Vetting/drafting guarantee texts for clients. Ensuring the compliance of client requests with authorisations held.

• Ensure that all necessary controls and reporting are undertaken on a daily, weekly and monthly basis.

The Ideal Candidate

• Experience of all aspects of guarantees & SBLC work within a similar organisation.
• Minimum 1 year’s experience of issuing Guarantees and SBLC’s in an international Bank
• Specialist knowledge of the different products processed in the Issued Guarantees area.
• Knowledge of Uniform Rules for Demand Guarantees (URDG) and International Chamber of Commerce (ICC) rules for Demand Guarantees ISP98 & UCP 600.
• Functional knowledge of all systems used in this area.
• Previous experience in checking and releasing Guarantees/SBLC

The Package

• A competitive salary
• 25 days annual leave plus bank holidays
• 10% employers pension contribution
• Annual discretionary bonus

If you have the skills and experience suitable for this role, APPLY NOW and we’ll be in touch.