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Guarantees - Team Leader

Location: CITY OF LONDON, LONDON, UNITED KINGDOM Salary: 60,000-70,000 GBP (UK Pounds) Per annum, inc Benefits
Sector: Insurance Job Type: Permanent
Shift Type: N/A Applications: 3
Posted: 3 months ago Reference: X3-320680

My client, a global investment bank are looking for a Guarantees - Team Leader to join their team in Central London.

Summary

Responsible for all aspects of the day to day running of the Guarantees area.

Key Responsibilities

  • Responsible for the timely and accurate processing of guarantees and associated work.
    • Preparation and issuance/re-issuance/checking of guarantees including Tender Bonds, Advance Payment Guarantees, Performance Bonds, Retention Monies Guarantees, Customs Guarantees etc., (including the booking of our share of syndicated loans and guarantees).
    • Follow-up work on guarantees including amendments, extensions, cancellations/releases, queries and claims.
    • Claiming and handling receipt of all related fees commissions.
    • Maintaining Excel spreadsheets and monitoring/agreeing suspense accounts at month end.
  • Providing advice to clients and Front Office. Reviewing and helping to structure guarantee texts. Vetting/drafting guarantee texts for clients. Ensuring the compliance of client requests with authorisations held.
  • Maintain an up to date set of procedures
  • Ensure that all necessary controls and reporting are undertaken on a daily, weekly and monthly basis.
  • Processing appraisals for guarantee members of staff

Experience

Experience of all aspects of guarantees work within a similar organisation.

Specialist knowledge of the different products processed in the Guarantees area.

Knowledge of ICC rules for Guarantees.

Functional knowledge of all systems used in his area.

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