At a Glance
- Tasks: Process documentary credits and ensure efficient trade finance operations.
- Company: BACB, a UK bank specialising in trade finance for Africa and the Middle East.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Mentorship opportunities and a supportive work environment await you.
- Why this job: Join a dynamic team and make a real impact in global trade finance.
- Qualifications: 2-4 years of banking experience and strong communication skills required.
The predicted salary is between 33075 - 40425 £ 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
- Job Summary
Responsible for all documentary credits processing which includes 1st checking of documents presented thereunder and processing respective payments and/or refusals within agreed timescales, ensuring the bank’s position is always protected.
Also required to process other types of Trade Finance payments and communications issued and/or received by the department such as documentary collections.
Assisting in receiving, recording, scanning and distributing incoming documentary presentations as well as processing outgoing mail.
- Key Work Outputs and Accountabilities
- Checking of documents presented against Letters of Credit In accordance with relative rules and /or regulations.
This may be a first or single check dependent on bank specified levels of experience.
- Processing payments, acceptances, deferred payments, discounts under letters of credit all to agreed timescales.
- Acts as a source of reference to all clients and counter parties.
- Ensures that customers receive an efficient and professional service within agreed turnaround times.
- Provides training and mentorship to new staff.
- Ensuring any issues are resolved efficiently and professionally maintaining a high standard of customer service.
- Calculating and reviewing commissions ensuring all fees due to the Bank are collected.
- Involvement with processing of participations, syndications and back to backs.
- Act as a subject matter expert for Letters of Credit and related Trade Finance products.
- Act as a source of reference to all clients and counter parties in relation to Collections and Reimbursements.
- Cover the department’s Collections role which comprises of end-to-end processing of documents presented on a Collection basis in accordance with relative rules and /or regulations.
Recording documentation in the system, producing letters, creating swifts and sending correspondence to key clients and processing payments within agreed timescales.
Cover the department’s admin role which comprises of receiving, recording and distributing incoming documentary presentations and claims.
Managing the departments Letter of Credit filing system as well as scanning all Letter of Credit documentation received.
- Required Qualifications and Experience
- Minimum 2-4 years documentary credits experience within the banking sector. Experience must include exposure to document checking, trade finance payments and SWIFT.
- Minimum GCSE level (or equivalent) English and Maths.
- Detailed knowledge of documentary credits and all applicable ICC rules and publications.
- Qualified CDCS, CITF or CTFC required, or agreed to undertake within two years is desirable.
- Excellent written and verbal communication skills with a high level of numeracy, literacy, accuracy and attention to detail
- Degree level education relatable to banking/business desirable.
Trade Services Operations Analyst in London employer: BACB
BACB is an exceptional employer, offering a dynamic work environment in the heart of the City of London. With a strong focus on employee growth and development, we provide opportunities for legal professionals to engage with diverse jurisdictions and complex transactions in trade finance and real estate. Our hybrid working model promotes a healthy work-life balance, while our commitment to collaboration ensures that every team member's contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Services Operations Analyst in London
✨Tap into Campus Networks
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We think you need these skills to ace Trade Services Operations Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BACB.
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Research and Reflect:Before hitting that 'apply' button on BACB's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BACB
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BACB.
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✨Network with Industry Professionals
Before your interview, reach out to current or former BACB employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
