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- Tasks: Manage import/export transactions and ensure compliance with trade finance regulations.
- Company: Join a leading international bank in the heart of London.
- Benefits: Enjoy competitive pay, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of a vital team that drives global trade and enhances your financial expertise.
- 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 Banks 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 Banks 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 am 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.
Trade Finance Officer in City of London employer: IPOE CONSULTING LIMITED
Contact Detail:
IPOE CONSULTING LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer in City of London
✨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, particularly those working in international banks. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Stay updated on the latest regulations and compliance requirements in trade finance, such as UCP 600 and AML policies. This knowledge will not only enhance your profile but also show your commitment to the field.
✨Tip Number 4
Prepare for potential interview questions by practising scenarios related to trade transactions and problem-solving. 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 in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in trade finance, particularly with import and export transactions. Use specific examples that demonstrate your knowledge of L/Cs, collections, and compliance with UCP 600.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities mentioned in the job description. Explain how your previous roles have prepared you for this position and showcase your understanding of trade finance solutions.
Highlight Relevant Skills: Emphasise skills such as attention to detail, teamwork, and communication in your application. Provide examples of how you've successfully used these skills in past roles, especially in relation to trade finance.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your professionalism and attention to detail, which are crucial in the trade finance sector.
How to prepare for a job interview at IPOE CONSULTING LIMITED
✨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 the job involves AML checks and compliance, it's crucial to be well-versed in relevant regulations like UCP 600 and Swift rules. Prepare to discuss how you've applied these in past roles or how you would approach them.
✨Demonstrate Attention to Detail
Given the nature of the work, attention to detail is key. Be ready to provide examples from your previous experience where your meticulousness made a difference, particularly in document checking or transaction processing.
✨Showcase Your Teamwork Skills
Trade finance often requires collaboration with various departments. Think of instances where you've successfully worked in a team setting, and be prepared to share how you communicate and resolve conflicts effectively.
