Officer, Trade Finance Services Specialist recruitment

 PLEASE NOTE: This role will be based in Bromley

GCSO supports both the front office teams within the Corporate Banking division of Bank of America Merrill Lynch and supports the treasury, commercial credit and technical service needs of Global Corporate Bank and Global Commercial Bank clients. The GCSO division provides Cash Management products and services to a global client base. The GCSO division assists our Clients to manage their Treasuries and Cash levels efficiently.

GCSO is split into Fulfillment Servicing, Documentation and Operations businesses.

Fulfillment and Servicing Global Client Fulfillment Servicing is responsible for the implementation and servicing of all treasury, credit and depository solutions primarily for the Global Commercial and Corporate Bank clients. Our team works directly with clients and collaborates with business partners to provide a seamless world class fulfillment and service experience.

Documentation Documentation is responsible for on boarding of new clients to ensure that Bank of America Merrill Lynch meets both the regulatory and internal AML/KYC requirements. The Documentation Team also provides guidance and training to other members in EMEA Fulfillment and Sales regarding legal documentation, AML requirements and client requests.

Operations The Operations division within GCSO, facilitates 36 incoming and outgoing high-value low-value, cross-border and multicurrency payments utilizing a number of internally developed and vendor supported payment systems and infrastructure. Operations teams are located in the Americas (U.S., Canada and LATAM), Europe, Middle East and Africa (EMEA) and Asia.

Bank of America has maintained a presence in the Europe, Middle East and Africa (EMEA) region since 1922. The EMEA business is managed by Jonathan Moulds, President, EMEA and Asia. Bank of America employs over 8,350 people in Europe. Of this, approximately 2,850 are legacy Bank of America businesses based offices in the UK, Belgium, France, Germany, Greece, Italy, The Netherlands, The Republic of Ireland and Spain. 5,500 work for our Europe Card Services division, i.e. legacy MBNA.  The Trade Group within Credit Services is responsible for handling a variety of Commercial Trade products for EMEA on behalf of their Corporate Clients, Branches and other Financial Institutions. This role is created to support the phased introduction of the new Trade Products within EMEA.

Responsibilities:

Performs a variety of technical and analytical functions relating to Trade financing and servicing.

Researching, analyzing, and resolving trade documents that require specialized, sensitive, and/or exception handling
Evaluating acceptances, issuances, amendments, and negotiations for import/export, standby and government letters of credit and bankers acceptances
Reviewing, analyzing and negotiating letters of credit and open-account documents; issuing commercial and stand-by letters of credit, amendments, transfers and requests to pay
Approving payments, collections and reimbursements. 

Requires a full working knowledge of both complex and traditional Trade finance operations and documentation

Requirements: