Trade Senior Analyst

Thursday 23 March 2023 £27,027 - £30,030 Flexibility in when hours are worked, Hybrid Working At Lloyds Banking Group, we're passionate about a clear purpose - to help Britain prosper. We want to become the best bank for our customers as what we do makes a genuine difference to businesses and communities.

Supporting our clients to trade internationally is integral to Helping Britain Prosper globally. Whether it’s a small business entering the export market or a global corporate supporting sophisticated supply chains, our Trade Services team is there every step of the way.

• Undertake the checking of a range of sophisticated technical transactions
• Act as first point of contact for both clients and internal colleagues to provide updates on existing transactions
• Checking and release of work to a designated monetary limit.
• Identify and support the resolution of customer complaints.
• Carry out a range of demanding processes and technical duties where interpretation and sound judgment is required, ensuring work is completed accurately and adheres to all group specific policies and procedures
• To be fully aware of and understand the interpretation of Anti Money Laundering procedures for trade services
• Review and validate commentary provided by third parties as part of AML transaction risk assessment, challenging back where required to ensure regulatory standard rationale.
• Support change initiatives, identify plans and lead others through the change.
• Champion strong relationships with internal partners in areas such as Product, Coverage & Sales to enable efficient resolution of queries
• Demonstrate core Lloyds Banking Group Values and Behaviours as an active team member

• Review documentation received and process / release new transactions in this respect
• Quality check and approve payments for both inward and outward collections
• Quality check investigations arising through the transaction risk assessment process
• Uniform rules for collections version 522

• Assess workability of letters of credit, approving new transactions up to the value of 1million
• The ability to competently check documents against a letter of credit and establish compliance or otherwise is essential
• Check and release payments to clients and non clients and partner banks globally understanding payment route methods
• Provide necessary guidance and advice to clients in respect of such instructions
• Specialist knowledge of UCP 600 and ISBP
• Holding a current documentary credits specialist qualification would be beneficial but not necessary

• Review and comment on suitability of the wording of non-standard guarantee texts paying particular attention to how demands for payment will be made and how release from liability will be determined.
• Undertake seconds checks in respect of risk assessment to ensure compliance with group policy
• Assess validity of claims / demands for payment in accordance with the undertaking
• Processing the issuance of non-standard undertakings, liaising with customers and key stakeholders in order to ensure that the instruments are issued in a timely manner
• Second checking all payments correctly, approving and releasing payments once complete
• Process currency payments to customers, calculating, effecting and releasing payments once complete
• Second checking commission payments
• Determining, using judgement and interpretation whether a guarantee undertaking can be cancelled thus releasing the customers obligations
• Specialist knowledge of the uniform rules for demand guarantees and international standby practices
• holding a current certified Specialist in Demand Guarantees Qualification would be beneficial

• A competitive salary
• Annual performance bonus opportunity
• Share schemes, including free shares
• Generous pension contribution of up to 15%
• Private health care extendable to family
• A flex cash pot of 4% salary to spend on lifestyle benefits