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- Tasks: Manage import/export transactions, including L/Cs and collections, ensuring compliance and accuracy.
- Company: Join a leading international bank focused on trade finance solutions.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Be part of a dynamic team making a real impact in global trade finance.
- Qualifications: Experience in trade finance and knowledge of UCP 600 and MT Swift messages required.
- Other info: Candidates must have the right to work in the UK; no sponsorship available.
The predicted salary is between 36000 - 60000 £ per year.
Principal Purpose of the Job:
Perform tasks relating to import and export initiation and settlement business, including L/Cs, Clean and Documentary Collections, Bank Guarantees, trade finance business. AML System checking and assessment on trade transactions.
Main Responsibilities & Accountabilities:
- All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc.
- All aspects of export transactions including: L/C advising; L/C confirmation, scan documents.
- Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
- Calculate accurately the fees and interests for the relevant transactions.
- Liaise correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures.
- Collate and check documents to ensure compliance with letters of credit terms and conditions.
- Proficient checking of payments with appropriate knowledge of Swift rules.
- Timely following up of irregularities with customers.
- Liaise with clients on matters relating to L/C transactions.
- Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
- Funds positioning.
- Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments.
- Make proper registrations to the business as required by the procedure.
- All the CDD and AML checking in trade services and other products lines as required by the Bank’s policy.
- Keep all AML check evidences for audit trail purpose. Must report / escalate to MLRO for potential positive hit or suspicious transactions in accordance to the Bank’s AML policy.
Skills Required:
- Previous experience in trade finance, ideally working for an International Bank.
- Knowledge of Trade Compliance, UCP 600 and MT Swift messages will be important.
- Accuracy and able to adapt to change in work flows.
- Analysis, planning and organizing.
- Attention to detail.
- Teamwork and communication.
Candidates must also have the right to work in the UK. I’m afraid sponsorship isn’t offered for this position. Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer
✨Tip Number 1
Familiarise yourself with the key aspects of trade finance, especially L/Cs and collections. Understanding these concepts will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the trade finance sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities at StudySmarter.
✨Tip Number 3
Stay updated on the latest trends and regulations in trade finance, such as UCP 600 and AML policies. This knowledge will not only enhance your understanding but also show your commitment to the field during discussions with us.
✨Tip Number 4
Prepare for potential interview questions by practising scenarios related to trade compliance and risk assessment. Being able to articulate your thought process will set you apart from other candidates.
We think you need these skills to ace Trade Finance Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Trade Finance Officer. Familiarise yourself with terms like L/Cs, Clean and Documentary Collections, and trade finance solutions to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in trade finance, especially if you've worked for an international bank. Emphasise your familiarity with Trade Compliance, UCP 600, and MT Swift messages to align your skills with the job requirements.
Craft a Strong Cover Letter: Use your cover letter to explain why you're a great fit for the role. Mention specific experiences that showcase your attention to detail, teamwork, and communication skills, as these are crucial for the position.
Proofread Your Application: Ensure your application is free from errors. A well-proofread CV and cover letter reflect your attention to detail, which is essential for a role that involves accuracy in financial transactions.
How to prepare for a job interview at IPOE Consulting
✨Know Your Trade Finance Basics
Make sure you brush up on your knowledge of trade finance concepts, especially L/Cs, collections, and bank guarantees. Being able to discuss these topics confidently will show that you understand the core responsibilities of the role.
✨Familiarise Yourself with Compliance Regulations
Since compliance is crucial in this role, be prepared to discuss UCP 600 and AML policies. Demonstrating your understanding of these regulations will highlight your suitability for the position.
✨Showcase Your Attention to Detail
Prepare examples from your past experience where your attention to detail made a difference. This could involve checking documents or ensuring compliance with terms and conditions, which are key aspects of the job.
✨Demonstrate Teamwork and Communication Skills
Be ready to share instances where you've successfully collaborated with others or communicated effectively in a team setting. This role requires liaising with clients and colleagues, so showcasing these skills will be beneficial.
