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- Tasks: Manage trade finance operations, including letters of credit and payment processing.
- Company: Join Zenith Bank (UK), a leading bank with a strong reputation for innovation and performance.
- Benefits: Enjoy a competitive salary, learning opportunities, and a supportive work-life balance.
- Why this job: Be part of a dynamic team driving trade between Nigeria and Europe, making a real impact.
- Qualifications: A degree is essential; CDCS qualification is a bonus. Strong communication and analytical skills required.
- Other info: This is a 12-month fixed-term contract with a salary up to ÂŁ55,000.
The predicted salary is between 33000 - 77000 ÂŁ per year.
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 12 month fixed term contract paying up to ÂŁ55,000 based on experience.
Trade Finance Officer employer: Zenith Bank Limited.
Contact Detail:
Zenith Bank Limited. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer
✨Tip Number 1
Familiarise yourself with the specific trade finance products and services offered by Zenith Bank. Understanding their approach to letters of credit and guarantees will help you demonstrate your knowledge during any discussions.
✨Tip Number 2
Network with professionals in the trade finance sector, especially those who have experience with banks that operate between Nigeria and Europe. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on the latest trends and regulations in trade finance, particularly those affecting the UK and Nigerian markets. Being well-informed will allow you to engage in meaningful conversations and showcase your expertise.
✨Tip Number 4
Prepare for potential interviews by practising common trade finance scenarios and questions. Being able to articulate your problem-solving skills and attention to detail will set you apart from other candidates.
We think you need these skills to ace Trade Finance Officer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of a Trade Finance Officer. Emphasise your knowledge of letters of credit, loan administration, and any experience with corresponding banks.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of Zenith Bank's mission and how your background makes you a perfect fit for the role. Mention specific skills like your analytical abilities and attention to detail.
Highlight Relevant Qualifications: If you possess a CDCS qualification or any other relevant certifications, make sure to mention these prominently in your application. This can set you apart from other candidates.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Zenith Bank Limited.
✨Know Your Trade Finance Basics
Make sure you brush up on your knowledge of letters of credit, guarantees, and the UCP600 guidelines. Being able to discuss these topics confidently will show that you have a solid understanding of the core responsibilities of a Trade Finance Officer.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and problem-solving skills during the interview. You might be asked to solve hypothetical scenarios related to trade finance, so think through how you would approach issues like payment discrepancies or document checking.
✨Highlight Teamwork and Communication
Since this role requires collaboration with other banks and teams, be ready to share examples of how you've successfully worked in a team environment. Emphasise your verbal and written communication skills, as these are crucial for liaising with clients and correspondent banks.
✨Showcase Your Technical Proficiency
Familiarise yourself with tools like Excel and SWIFT, as well as any relevant software used in trade finance. Be prepared to discuss how you've used these tools in past roles to improve efficiency or accuracy in your work.
