Documentary Credit Lead Specialist

Documentary Credit Lead Specialist About the job The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services. They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records.

Operations is also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally. Commodity Physical Operation is responsible for the administration and settlement of the Bank’s physical commodity activity covering : Documentation review and execution; Settlements; Balance sheet substantiation; Inventory Management The Bank’s Documentary Credit operations is primarily to support the Bank’s commodity financing businesses.

This includes: Documentation review and execution Physical document management including storage, delivery and presentation Reconciliation of any title documents Arranging relevant payment and accounting The successful candidate will provide subject matter expertise to the bank’s documentary credit Operations. This will involve arranging Letters of Credit (L/C) & Bank Guarantees, facilitating delivery of documents for presentation and reconciliation of title documents.

The role holder will be expected to perform all processes relating to other physical commodity operations functions and to ensure / arrange adequate training to be able to do so. The role holder will also be expected to support processes relating to structured products when requested. The incumbent will ensure that overall execution of the associated processes is well-controlled and documented, that the appropriate tolerance levels for key performance and risk indicators are met and that they support the business adequately, escalating risks and concerns where necessary.

What you’ll be doing Ensuring that the daily tasks required of the function are carried out in an accurate and timely fashion. Attending governance forums as and when required. Supporting the Operations management team by proactively maintaining a good working relationship between the Bank’s Banking business and the Operations department.

Ensuring adherence to all relevant Bank standards and policies. Ensuring that the service provided by Commodity Documentary Credit Operations to internal and external clients is delivered to an excellent standard. Ensuring that Commodity Documentary Credit Operations works collaboratively and effectively with other Operations teams in all global locations to enable excellent service to be delivered by the Operations department to internal and external clients.

Ensuring that Commodity Documentary Credit Operations maintains close communication lines with the relevant desks across all global offices. Ensuring that Commodity Documentary Credit Operations works collaboratively with other departments in the Bank, particularly when providing information, contributing to Bank-wide initiatives/projects, and reporting information to management.

Balancing Commodity Documentary Credit Operations compliance/acquiescence with stakeholder requests with some degree of respectful challenge to stakeholder requests. Identifying and managing risks including operational risks, regulatory risks, conduct risks, cyber security risks and financial crime risks (including, but not limited to, risks associated with money laundering, terrorist financing, bribery and corruption, sanctions breaches and fraud).

Undertaking regular reviews of controls to ensure that these continue to be fit for purpose. Working collaboratively with Operations Control on risk management and control enhancements (but without over-reliance on Operations Control). Promptly escalating new risks to the Head of Physical Operations. Proactively and promptly managing any related risk incidents.

What you’ll need to be successful We’re looking for the following skills and experience. If you don’t have all of these but think you could be a good fit for the role, get in touch. Previous experience in a financial institution Previous management experience in a financial institution Previous experience in Commodities Trade Finance Operations Well-versed in key ICC rules likes UCP600, URC522, URR725, URDG758, ISP98 etc Strong product and market knowledge of letter of credit and related documentary requirements Knowledge of relevant regulatory standards and rules Strong relationship/stakeholder management skills Solid understanding of typical risk management practices within a bank Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential. Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves.

We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity. We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination. What’s in it for you? Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.

Hybrid working – the option to work remotely up to two days per week, depending on the role. Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay. Coaching for family leave returners and access to emergency care via My Family Care. Paid fertility and miscarriage leave.

Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy. Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners. Development – a suite of opportunities to build the skills you need to excel in your role If you’re excited about becoming part of our team, get in touch.

We’d love to hear from you! ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.