Due to the growth in our client’s portfolio, an exciting opportunity has come about for a Bank Guarantees Officer to join this leading global corporate bank on a permanent basis.

Experience within Bank Guarantees and/or corporate loans operations is required to be considered for this role.

The Guarantee Officer will play a vital role in managing Guarantees/SBLCs issuances, and making sure Guarantees/SBLCs are issued in accordance with Group policies, UCP Rules, Checklists and SOPs.

Responsibilities:

• Undertake responsibility for reviewing, drafting, and execution of Demand Guarantees, Ensure potential risks relating to guarantee wordings are either accepted by Legal/Business, or mitigated by revision, making sure all ambiguities and contradictions are addressed.
  • Review Standby Letter of Credit applications and amendments to determine workability, accurately interpret and execute instructions while complying with bank’s policy.
  • Minimise Operational incident by performing stringent control checks on non-standard or unusual issuance requests. Ensure guarantees are issued in accordance with Group policies, UCP Rules, Checklists and SOPs.
  • Ensure guarantee commissions are booked accurately and collected within agreed time lines.
  • Acknowledge and respond to enquiries from external clients and internal stakeholders promptly while demonstrating higher standards of client service.
  • Identify Operational processing improvement opportunities; generate ideas and solutions that can be productive during day-to-day work handlings.

 Required Experience:

• 5 + years’ relevant experience in similar Institutional Banking Operations role – Trade Finance, Bank Guarantee’s, Supply Chain Finance etc
  • Proven track records working in an Operational area handling Bank guarantees

Technical Experience required:
• 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