Trade Service Officer

About Us:

Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance, as well a strong pedigree of innovation, resilience, and market dominance. On an annual basis, Zenith Bank PLC amasses a string of notable awards; one of the most recent being listed as the sole Nigerian brand on the World’s top 100 companies in 2023 by the World Finance Magazine.

Zenith Bank (UK) Limited (ZBUK) was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.

Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.

With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures “Controlled Growth” as we aim to become the Bank of choice for businesses wishing to transact in the African continent.

Responsibilities

• Issuance and checking of letters of credit and guarantees
• Processing of payments under confirmed, unconfirmed Letters of credit.
• Confidence in relating with other corresponding banks to solve corresponding bank issues
• Confidence in relating with other banks in the establishment of RMA keys
• Knowledge of loan booking and loan administration.
• Processing of clean Reimbursement.
• Processing payment under LC discounting.
• Reconciliation of all LC cash collateral accounts and Suspense accounts
• Processing of Bill for collection payment and sending advices to clients.
• Review and investigation of Nostro reconciliation to clear outstanding items.
• Advising debit advices to clients after payments.
• Knowledge of Letters of credit and LC and LC amendment
• Confidence in advising letters of credit
• Knowledge of document checking.
• Handling payments’ queries and investigations from clients and correspondent banks.
• Ensuring that the Bank’s procedures on Anti-Money Laundering are followed at all times.
• Authorising payments.
• Processing and or authorising of LC Refinances
• Other responsibilities assigned.

Skills and Knowledge Required:

• Excellent verbal and written communication skills
• Good Knowledge of use of Excel and MS-word
• Good time management
• Good team player
• of SWIFT
• Knowledge of UCP600
• Accuracy and efficiency
• Analytical and problem solving skill
• Attention to details
• Sound Knowledge of Letters of credit.
• Possess a first degree
• CDCS qualification is an added advantage

This is a permanent position paying up to £50,000 based on experience.