Guarantees Officer- Corporate Banking

1 week ago


Sydney, New South Wales, Australia Anton Murray Consulting Full time
Sydney- Ancillary Areas- Contract or TemporaryInterim Guarantees officer required for an initial 3 month contract. Quick start needed.


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.


  • Prior experience within Corporate Banking Guarantee's is required to be considered for this role._

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.
  • Minimize Operational incident by performing stringent control checks on nonstandard 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.

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

Desired Experience:

  • Knowledge of general banking products and basic accounting
  • AML / CTF controls

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