At a Glance
- Tasks: Oversee trade finance distribution, ensuring smooth processing and excellent client service.
- Company: BACB, a UK bank specialising in trade finance for Africa and the Middle East.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Flexible environment with opportunities for cross-training and career advancement.
- Why this job: Join a dynamic team making a real impact in trade finance across global markets.
- Qualifications: Expertise in trade distribution, strong communication skills, and attention to detail.
The predicted salary is between 36000 - 60000 £ per year.
About Us
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK. Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
Additional Info
- Hybrid Working: 3 days onsite, 2 from home
- Location: City of London
- Contract Type: Permanent
Job Summary
Acting within the first line of defence in a client-facing team, the job holder will be responsible for ensuring good and timely service to clients, with a focus on Trade Distribution. The job holder has day-to-day responsibility for the oversight of the smooth processing of the Bank's Trade Distribution activity, including execution and monitoring of transactions under MRPA, credit insurance and trade finance programmes.
Key Work Outputs and Accountabilities
- The job holder is responsible for overseeing the team's execution and transaction management services provided in relation to the bank's trade distribution activities, including:
- Review of relevant documentation for new/changed arrangements
- Ensuring procedures in place to execute and monitor all types of distribution arrangements
- Managing daily tasks including new deals, maturities, releases, amendments and fee payments
- Approving distribution transactions within authority
- Ensuring data quality and accuracy of MI, agreeing fee accrual positions with Finance
- Overseeing rapid processing to ensure both quickness of binding cover and avoiding unnecessary fees for settled transactions.
- Providing timely reports to investors offering BACB facilities
- The job holder is a source of expertise on the various distribution arrangements used, including terms and conditions for claiming, facilities offered, and notifications required.
- Seeks continuous improvement of the distribution process, including overseeing changes to the Trade Distribution workflow tool.
- Supervises secondary market purchases from distribution partners, ensuring that these are in line with risk appetite, product parameters and relevant limits; in conjunction with the Director, TCS, confirming that these align with primary activities in terms of due diligence required and overall process.
- Building key investor relationships, including FIs, insurers, trade finance programmes and brokers.
- Ensures cross training of TCS staff on the distribution day-to-day tasks for continuity of cover
- Supports and/or cover for the wider TCS team where required with remaining tasks within TCS
- Supports department governance through input into documented processes and monitoring controls
- Escalate issues and provide MI to the Head of TCS
- Remain flexible to offer support to the wider GTB team as required, and be prepared to reprioritise according to business needs
Required Qualifications and Experience
- Considerable expertise within trade distribution activities, including insurance, trade under MRPA, trade finance programme and related documentation
- Strong knowledge of trade finance products, in particular LCs, guarantees, collections, bills and loan products.
- Ability to review documentation to ensure alignment with approvals in place and operational workability
- Knowledge of syndication and LMA documentation advantageous
- Understanding of credit, compliance and operations requirements
- Thorough understanding the risks inherent in trade finance business & how they are mitigated
- High levels of organisation, coordination, follow-up skills
- High level of accuracy and attention to detail;
- Good communication skills (with clients and colleagues)
- Provide high level of service to internal/external customers
- Ability to remain calm, work under pressure and meet tight deadlines
- Ability to maintain integrity, confidentiality and diplomacy under all circumstances
- Growth & continuous improvement mindset
TCS Manager – Trade Finance Distribution in London employer: BACB
Contact Detail:
BACB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land TCS Manager – Trade Finance Distribution in London
✨Tip Number 1
Network like a pro! Reach out to people in the trade finance sector, especially those connected to BACB. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade finance products. Be ready to discuss LCs, guarantees, and how you can contribute to the team’s success at BACB.
✨Tip Number 3
Showcase your organisational skills during the interview. Share examples of how you've managed tight deadlines or complex transactions in the past – it’ll impress them!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and shows you're serious about joining the BACB team.
We think you need these skills to ace TCS Manager – Trade Finance Distribution in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the TCS Manager role. Highlight your experience in trade finance and distribution activities, and don’t forget to mention any relevant qualifications or skills that match the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about trade finance and how your background makes you a perfect fit for BACB. Keep it concise but impactful!
Showcase Your Expertise: In your application, be sure to showcase your expertise in trade finance products and your understanding of the risks involved. This will demonstrate that you’re not just familiar with the field, but that you truly know your stuff!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at BACB
✨Know Your Trade Finance Stuff
Make sure you brush up on your knowledge of trade finance products, especially LCs, guarantees, and collections. Being able to discuss these confidently will show that you understand the core of what BACB does and how you can contribute.
✨Showcase Your Organisational Skills
Since the role requires high levels of organisation and coordination, prepare examples from your past experiences where you successfully managed multiple tasks or projects. This will demonstrate your ability to handle the daily responsibilities of the TCS Manager role.
✨Prepare for Client-Facing Scenarios
As this position is client-facing, think about how you would handle various client interactions. Prepare to discuss how you would ensure good service and build relationships with investors and partners, as this is crucial for success in the role.
✨Emphasise Continuous Improvement
The job description highlights a growth mindset and continuous improvement. Be ready to share ideas on how you would enhance the trade distribution process or any previous initiatives you've led that improved efficiency or service quality.