Senior Analyst - Trade Finance
On-siteLondon, England, United Kingdom
Job Summary
Execute daily import and export letters of credit, standby letters of credit, bonds, and guarantees for ST&S, C&P, and the wider group. Manage robust process and system controls for LC, SBLC, bond, and guarantee collateral. Process incoming collateral, collate and review documents for documentary LC payment, maturity, or early discounting, and draft LCs considering price risks and counterparty creditworthiness. Process Notices of Assignment globally and ensure safe work transitions with FBT STF teams in KL and Budapest. Maintain partnerships with Credit, Compliance, Treasury, Accounting Policy, and Legal teams to deliver compliant Trade Finance solutions. Collaborate with banks and financial institutions while supporting continuous improvement in processes and ways of working.
Required Qualifications
- Expertise in Trade Finance instruments in respect of benefits and limitations of LCs and SBLCs when deployed for risk mitigation and discounting depending on whether bp is supplier or buyer in the transaction
- Ability to scrutinise LC and SBLC drafts received from buyers to ensure adequate credit risk mitigation
- Good understanding of doc LC claims processes within bp and with banks
- Ability to ensure compliant documents are procured, prepared and presented for payment under doc LC in BAU and for SBLC in case of need
- Ability to draft LCs with consideration of price risks based on the counterparty's creditworthiness
- Agile and flexible worker who can cover many areas of the team and can effectively handle multiple activities, products, partners and/or projects simultaneously
- Can adjust well to workload changes
- Understanding of bp internal systems, including a good understanding of how core systems are integrated and how to use said systems to facilitate and support activities within STF and alongside CWC
- Excellent capability with Excel and PowerApps
- Negligible travel should be expected with this role
- Analytical Thinking
- Business Acumen
- Collaboration
- Commodity Risk Management
- Creativity and Innovation
- Curiosity
- Data visualization and interpretation
- Decision Making
- Exposure Management
- Internal control and compliance
- Market Knowledge
- Market Risk Management
- Operational Risk
- Portfolio analytics
- Problem Solving
- Resilience
- Sentiment and Trends
- Thought Leadership
- Trade discipline and compliance
- Trade execution and management
- Trading and shipping data knowledge
- Trading Fundamentals
- Trading knowledge
- Trading risk controls
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.