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For Companies At a Glance
- Tasks: Drive growth in Trade Finance, manage client relationships, and oversee product development.
- Company: Join the Bank of China, a leading financial institution with a global presence.
- Benefits: Enjoy a full-time role with opportunities for professional growth and development.
- Why this job: Be part of a dynamic team focused on innovation and customer satisfaction in finance.
- Qualifications: Degree in Banking or Finance; experience in Trade Finance and strong marketing skills required.
- Other info: This is a permanent position based in London, ideal for ambitious professionals.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the Assistant Vice President - Trade Finance (FI and Secondary Market) role at Bank of China. We have a great opportunity for an Assistant Vice President - Trade Finance (FI and Secondary Market) to join the Transaction Banking department at Bank of China London.
About the role
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. As an Assistant Vice President - Trade Finance (FI & Secondary Market), you will be responsible for driving the growth of Trade Finance related business, including forfaiting, risk participation and Financial Institutions (FI) trade loan activities with a focus on increasing profitability and portfolio balance. You will also be responsible for overseeing the marketing, development and volume expansion of FI and Secondary Market-related Trade Finance products. This is a full-time permanent position.
Key responsibilities
- Drive the sales and promotion of secondary forfaiting, risk participation, and FI trade loan businesses, delivering high-quality service to FI clients.
- Focus on enhancing customer satisfaction, expanding trade loan portfolios, and achieving KPI targets.
- Organise and participate in FI marketing activities and industry events.
- Oversee the daily management and execution of the above products, including developing and maintaining relationships with corresponding banks.
- Facilitate business offers, acceptance processes, and negotiations for Master Risk Participation (MRPA) and trade loan agreements.
- Conduct transaction due diligence, review risk mitigation measures, and ensure compliance with Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements on corresponding banks.
- Process and check documents and agreements of forfeiting and risk participation transactions.
- Prepare statistical and regulatory reports when required.
- Liaise with other relationship managers in structuring and applying FI credit proposals for Head Office approval.
- Assist with developing new business and expanding country risk proposals and onboarding new FI clients.
- Collaborate with the Risk Management department to monitor country risk exposure and streamline transaction processing.
- Lead innovation and development initiatives for FI-related Trade Finance products.
- Continuously review and update product policies and procedures in alignment with Head Office and local regulatory guidelines.
- Assist relationship managers in carrying out post-lending management for Trade Finance related business.
Requirements
- Degree educated in Banking, Finance or other equivalent.
- Solid experience in the FI Trade Finance business in the Banking sector.
- In-depth technical knowledge of the secondary market and products, including forfeiting and risk participation, and trade loan to financial institutions.
- Comprehensive knowledge of the UK Financial Services Regulatory Framework including PRA Rulebook/FCA Handbook including relevant sourcebooks.
- Solid marketing and sales skills.
- Proficient in MS Office (Word, Excel, PowerPoint).
- Team player.
How to apply
To apply please visit our career page at Bank of China Career Page.
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Sales and Business Development
Industries: Banking
Assistant Vice President - Trade Finance (FI and Secondary Market) employer: Bank of China
Contact Detail:
Bank of China Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President - Trade Finance (FI and Secondary Market)
✨Tip Number 1
Network with professionals in the Trade Finance sector, especially those who work at Bank of China or similar institutions. Attend industry events and seminars to make connections and learn more about the specific needs and trends in the market.
✨Tip Number 2
Familiarise yourself with the latest developments in Trade Finance products, particularly forfaiting and risk participation. Being knowledgeable about current market conditions and regulatory changes will help you stand out during interviews.
✨Tip Number 3
Prepare to discuss your experience in driving sales and managing client relationships. Be ready to provide examples of how you've successfully expanded portfolios or improved customer satisfaction in previous roles.
✨Tip Number 4
Showcase your understanding of compliance requirements, such as AML and CDD. Highlight any relevant experience you have in ensuring adherence to these regulations, as this is crucial for the role.
We think you need these skills to ace Assistant Vice President - Trade Finance (FI and Secondary Market)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Trade Finance, particularly in forfaiting and risk participation. Use specific examples to demonstrate your achievements in sales and client management.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your motivation for applying to the Assistant Vice President role. Emphasise your understanding of the FI Trade Finance business and how your skills align with the responsibilities listed in the job description.
Highlight Regulatory Knowledge: Given the importance of compliance in this role, ensure you mention your comprehensive knowledge of the UK Financial Services Regulatory Framework. Provide examples of how you've navigated regulatory requirements in past roles.
Showcase Team Collaboration: As a team player, include instances where you've successfully collaborated with other departments, such as Risk Management or Marketing. This will demonstrate your ability to work effectively within a team to achieve business goals.
How to prepare for a job interview at Bank of China
✨Know Your Trade Finance Basics
Make sure you have a solid understanding of trade finance concepts, especially forfaiting and risk participation. Brush up on your knowledge of the secondary market and be ready to discuss how these products can drive profitability.
✨Demonstrate Your Sales Skills
Since this role involves driving sales and promoting trade finance products, prepare examples of how you've successfully increased sales or improved customer satisfaction in previous roles. Highlight your marketing strategies and their outcomes.
✨Familiarise Yourself with Regulatory Frameworks
Understand the UK Financial Services Regulatory Framework, including the PRA Rulebook and FCA Handbook. Be prepared to discuss how compliance impacts trade finance operations and how you ensure adherence to these regulations.
✨Showcase Your Team Collaboration
This position requires working closely with various departments. Prepare to share experiences where you've successfully collaborated with others, particularly in structuring credit proposals or managing post-lending processes.
