At a Glance
- Tasks: Lead a team in managing receivables and ensure smooth operations.
- Company: Join Bank ABC, a leader in providing exceptional banking services.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Be part of a dynamic team that values innovation and continuous improvement.
- Qualifications: Solid knowledge of Microsoft Office; banking qualifications are a plus.
- Other info: We promote equal employment opportunities and welcome diverse applicants.
The predicted salary is between 43200 - 64800 £ per year.
Job Title: Senior Officer Forfaiting & Receivables (Operations Department) Location: London UK Department: Operations Employment Type: FullTime Work Pattern: FullTime Overview: Provide a complete service to the Banks Customers to a high level of administration and service. Ensure that transactions allocated are properly implemented independently controlled and diligently monitored. Work together with your team clients CTS relationship managers/ marketing/account officers and other departments of the Bank where necessary. Familiarize oneself with different products and process methods in accordance with policies and procedures. To provide a professional and timely response to enquiries received from internal and external customers of the department. What You Will Be Doing: To support Head of Department when requested in additional Ad Hoc deliverables depending on level of expertise and conduct. To be a team lead by supervising reports and training of less experienced team members. Assist in recruitment to manage direct reports including objective setting appraisals with performance feedback to the individuals regular 121 meetings with documented minutes. Ensure Lean Six Sigma journey is completed including the required number of Fikras per year. Core Receivables duties: General daily administration duties under Master Receivable Financing Agreements including checking drawdown documentation and limits rate fixes discount calculations fees maturity extensions payments cancellation receipt of funds allocation of funds credit notes early repays and part payments in accordance with agreed and documented processes and guided by experienced team members. Review facility documentation for understanding and operational feasibility in conjunction with the internal and external stakeholders (as appropriate) and guided by experienced team members covering: oReceivable Financing Facilities (Committed/Uncommitted Disclosed/Undisclosed) oMaster Risk Participation Agreements Support Head of Department in monitoring and ensuring Receivable payments have been positioned and released prior to currency cut off times and address any issues that may arise. Escalation of breaches red flags and other issues including nonperforming transactions to your reporting line/Head of Department in accordance with documented processes. Any OREs to be reported to Head of Department immediately and then after your investigation of the event provide necessary information / documentation / completion of ORE forms for the Head of Department to review before passing on to Operational Risk for the GRC portal to be updated. Signatory status A HR processes if assigned direct reports. Other: Familiarize oneself with different Banks systems. Accurate records kept on all departmental matters within the Banks systems. Daily Nostro and Account Reconciliations are actioned (with Month End reporting of outstanding items). Support Head of Department in monitoring and ensuring accurate reports are generated for the department as requested Daily and monthly MI Monthly reconciled Suspense accounts Monthly KRIs and Quality Assurance of transaction responses. Customer and Relationship Managers Ad Hoc reports and overdue reports. Communicate with and assist internal and external stakeholders. Support Head of Department in project work and champion continuous improvement developments including driving the Lean Six Sigma journey. Annual review of Policy and Procedures and highlight any process you or your reports perform that is missing from the procedures/suggest any ideas of improvements track change the word document and send to Head of Department to be considered. Provide information and/or check information provided by other team members for audit requests. Share samples and discuss any queries with auditors and senior team members as necessary. Archiving. AdHoc duties as requested by Head of Department. Assist to train less experienced team members. Candidate Specification : Solid knowledge of Microsoft word and Excel skills. PowerPoint desirable. Thorough understanding of different Trade Finance Products and thorough understanding of credit compliance and operation requirements. It is highly desirable if you haveBanking qualifications such as LIBF CSCF or CITF would be desirable. The ability to remain calm whilst under pressure from the business and clients. Accurate and methodical. Attention to detail. Good communication and organizational skills. The ability to work independently or as part of a team. Growth mindset Foreign language skills are an advantage. Ability to maintain integrity and confidentiality. Equal Employment Opportunity Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law. We welcome applications from people with disabilities and are committed to providing reasonable adjustments where necessary to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process require any reasonable adjustments or an application to Access to work please contact the recruitment lead on:
Senior Officer Forfaiting amp Receivables Operations Department employer: Bank ABC
Contact Detail:
Bank ABC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Officer Forfaiting amp Receivables Operations Department
✨Tip Number 1
Familiarize yourself with the specific Trade Finance Products mentioned in the job description. Understanding these products will not only help you during the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Highlight any experience you have with Lean Six Sigma methodologies. Since this role emphasizes continuous improvement, showcasing your knowledge or certifications in this area can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience in managing and training team members. This position involves supervising reports and providing feedback, so be ready to share examples of how you've successfully led a team in the past.
✨Tip Number 4
Research the bank's systems and processes related to Receivables and Forfaiting. Being knowledgeable about their operational procedures will show that you're proactive and ready to hit the ground running.
We think you need these skills to ace Senior Officer Forfaiting amp Receivables Operations Department
Some tips for your application 🫡
Understand the Role: Before applying, make sure you thoroughly understand the responsibilities and requirements of the Senior Officer Forfaiting & Receivables position. Tailor your application to highlight relevant experience and skills that align with the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in trade finance products, credit compliance, and operational requirements. Provide specific examples of how you've successfully managed similar tasks or projects in previous roles.
Showcase Your Skills: Make sure to showcase your proficiency in Microsoft Word and Excel, as well as any other relevant software. If you have banking qualifications like LIBF CSCF or CITF, mention them prominently in your application.
Professional Communication: Use clear and professional language in your application. Ensure that your cover letter addresses the hiring manager directly and reflects your understanding of the company's values and commitment to equal employment opportunity.
How to prepare for a job interview at Bank ABC
✨Show Your Expertise in Trade Finance
Make sure to highlight your solid knowledge of different Trade Finance Products during the interview. Be prepared to discuss specific examples of how you've applied this knowledge in previous roles, as it will demonstrate your capability to handle the responsibilities of the position.
✨Demonstrate Your Attention to Detail
Given the nature of the role, it's crucial to showcase your attention to detail. Prepare to discuss instances where your meticulousness has led to successful outcomes, especially in areas like documentation and compliance.
✨Prepare for Team Leadership Questions
As a potential team lead, be ready to talk about your experience in supervising and training less experienced team members. Share specific examples of how you've managed performance feedback and conducted regular meetings to support your team's growth.
✨Communicate Effectively
Good communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, especially when discussing complex topics related to Receivables and operational processes. This will help you convey your ideas effectively to both internal and external stakeholders.