Letter of Credit Analyst
A great opportunity to work for a very successful global commodity company in their office based in London
You will be working alongside the Credit team who are responsible for the protection of the company assets through the rigorous execution of credit.
Main Job Function:
The successful candidate will be part of the Credit Risk management team and will be a key advisor on security documents received from ounterparties. In addition to this the candidate will be responsible for supporting the margining activity.
Key Responsibility Areas:
The main duties and responsibilities of the job holder are:
- Advise on acceptability of Letters of credit received from London and Singapore;
- Daily communication with banks and counterparties as well as internal stakeholders;
- Manage and respond to queries related to parent company guarantees;
- Provide support to the margining function arising from ISDA and Energy documents.
Reporting Relationships
- This position reports to Credit Risk Manager and has the following main interfaces:
Internal
- The role will include extensive liaison with key stake holders that include Trading desks; and senior management.
External
- Interface with external counterparties and contacts in financial institutions.
Candidate Specifications:
- 3 years of experience in a trading environment negotiating letters of credit and similar contracts;
- Familiarity with contractual language when negotiating such security, across continents for a global organisation;
- Ability to clearly distinguish the differences between a standard security for trading and documentary letters of credit;
- Knowledge of UCP 600 and its application to trading contracts;
- Knowledge of ISDA and CSA documentation;
- Strong team player;
- Ability to work with minimum supervision;
- Excellent communication and interpersonal skills;
- Good numerical skills;
- Good attention to detail;
- Proactive approach to work and ability to work with tight deadlines;
- Good knowledge of Microsoft office suite;
- Full command of English language (written and spoken).
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