Purpose of the Department
The Trade Services team is responsible for issuance of Bank Guarantees and Standby Letters of Credit; Front to back processing of Documentary Letters of Credit/Collections, Managing Receivable and Payable financing for corporate clients.
The Guarantee Senior Officer will play a vital role in managing Guarantees/SBLCs issuance related transaction activities, work closely with Transaction Banking Product Management team, Regional Back office team, Compliance, Internal Legal Counsel, Finance & Controls.
Undertake responsibility for reviewing, drafting, and execution of Demand Guarantees, Ensure potential risks concerning the wording are raised, either accepted by Legal & Business or mitigated by revision, making sure all ambiguities and contradictions are addressed.
Review incoming Standby Letter of Credit applications and amendments to determine workability, accurately interpret and execute instructions while complying with bank’s policy.
Minimize Operational incident by performing stringent control checks on non-standard or unusual issuance requests. Ensure all Guarantees and Standby Letters of Credit are issued in accordance with Group policies, UCP Rules, Checklists and SOPs.
Acknowledge and respond to enquiries from external clients and internal stakeholders promptly while demonstrating higher standards of client service at all times.
Identify process improvement, seeking efficiency opportunities and creative alternatives,
Generate ideas and solutions that more productive, with value added or cost saving opportunities during day-to-day work.
Remain vigilant, Identify, review and report potential operational problems, concerns, complaints to higher levels.
Ability to maintain consistent performance, and to comply with operating procedures
Technical and Behavioural Competencies
Clear and concise verbal/written communication skills and experience in dealing with internal stakeholders and external entities
A proactive attitude and willingness to learn and help others, self-motivated, with ability to priorities and organize daily work in a timely manner.
Being able to be cross-trained, undertake different responsibilities, strive to achieve Operational excellence, helping to build a high performing team
High level of attention to detail, focusing on getting things right first time, understanding all aspects of the job require a quality outcome
Take ownership of tasks, provide dedicated support to clients, colleagues, stakeholders when necessary
Proven sound judgment and decision-making skills, strong analytical and organizational skills
Accountability, committed to achieving the organization's objectives, demonstrate perseverance and be accountable for own actions
Experience and Qualifications required
Tertiary studies in the Banking / Finance Industry, 5 or more years relevant experience in similar fields
Proven track records working in an Operational area handling Bank guarantees
Demonstrated knowledge of Uniform Rules for Demand Guarantees (URDG758) & ISP98, and how a guarantee should be structured.
Knowledge and understanding of the Australian and global banking regulatory and compliance environments
Experience of controls to manage Operational Risks
Other key considerations:
Bring Direct contribution to BNPP operational permanent control framework
Minimize operational failure, including but not exclusively the risk of fraud by helping to devise and by implementing sufficient regular controls
Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
Comply with internal and external regulatory and compliance requirements
Comply with the BNPP standards of Code of Conduct
- Comply with the BNPP IT Security policies
Primary Location: AU-NSW-SydneyJob Type: Standard / PermanentJob: SALES DEVELOPMENTEducation Level: Other Degrees / Certifications / Vocational, Technical or Professional QualificationsExperience Level: Not Indicated