At a Glance
- Tasks: Manage trade finance transactions and ensure compliance in commodity sectors.
- Company: Dynamic bank with a focus on innovation and client service.
- Benefits: Competitive salary, career development, and a supportive work environment.
- Other info: Full-time permanent role with opportunities for growth and mentorship.
- Why this job: Join a leading team and make an impact in the commodity finance sector.
- Qualifications: Degree in Business or Finance and experience in Trade Finance required.
The predicted salary is between 59400 - 72600 £ per year.
The Transaction Banking department is responsible for the product ownership of Corporate and Financial institution client's Trade Finance, Commodity Finance, Cash Management, E-banking product as well as Corporate client's Account, Payment, Deposit, overdraft services. The Transaction Management Unit (TMU) provides pre-screening and approval of all trade finance transactions primarily those for the Bank's commodity clients, plus collateral management, commodity client portfolio management and reporting.
As an Assistant Vice President - Commodity Trade Finance & Collateral Management within TMU, you will be responsible for ensuring that delivery of the Bank's products and services for its commodity trade finance business across the metals, energy and agriculture sectors are effectively and efficiently handled. You will be providing post-sanction conformance on all Trade Finance facilities as well as ongoing transactional and collateral management. This is a full time permanent position.
Key responsibilities:
- Prepare, manage and review process and procedures to ensure an efficient running of the Transaction Management Unit; this includes the operational activities that require delivery against the recommendations set out by the Bank and Regulators.
- Assist and respond to customers' daily transaction enquiries.
- Provide turnaround for all client requests and ensure they are prepared and processed in accordance with the relevant risk approval and passed over to the processing areas with Operation Services department in a timely manner.
- Contribute to the strategic development of the Bank's commodity trade finance portfolio.
- Prepare and update Product Information Document (PID's) for new products and procedures as and when required.
- Work closely with the relationship managers and Risk Management department to ensure all necessary business and risk evaluations are undertaken appropriately.
- Represent the Bank professionally at any events or conferences attended.
- Ensure compliance with the Bank's Compliance and Sanction policies and procedures as well as all external regulatory and sanctions regulations.
- Deliver accurate MI and detailed reports describing client's exposure to product and commodity.
- Provide advice and mentoring to other staff as and when required.
- Provide cover for TMU staff members when required.
Requirements:
- Degree educated in Business, Finance, Accounting or other relevant subjects.
- Demonstrated Trade Finance experience within the Financial Services industry, in metals, energy and/or agriculture sectors.
- Knowledge of Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements.
- Knowledge of current International Chamber of Commerce (ICC) rules for collections, documentary credits, guarantees and standby letters of credit.
- Good understanding of the physical commodity markets and hedging.
- Excellent communication and interpersonal skills.
- Planning and organisation skills.
- Drafting policies and procedures is a plus.
- Proficient in MS Office particularly in the use of MS Excel.
Assistant Vice President - Commodity Trade Finance & Collateral Management employer: Bank of China
At Bank of China’s IT Centre Europe, we pride ourselves on fostering a dynamic work environment that prioritises employee growth and development. As a Cyber Security Analyst, you will benefit from comprehensive training programmes, a collaborative culture, and the opportunity to make a significant impact in safeguarding our operations across the UK and EMEA. Join us to be part of a forward-thinking team dedicated to innovation and excellence in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Commodity Trade Finance & Collateral Management
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Bank of China. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Assistant Vice President - Commodity Trade Finance & Collateral Management
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 Bank of China.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Bank of China'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 Bank of China
✨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 Bank of China.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Bank of China will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Bank of China 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.
