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- Tasks: Process trade finance documents and support the Trade Services department.
- Company: Join a leading bank with a focus on innovation and resilience.
- Benefits: Gain valuable experience in finance with a competitive salary and professional growth.
- Why this job: Be part of a dynamic team and make an impact in trade services.
- Qualifications: Degree in Economics, Finance, or Banking; strong analytical and organisational skills.
- Other info: 12-month fixed-term contract with opportunities for career advancement.
The predicted salary is between 36000 - 60000 £ per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes the Operations Resilience and Operation Control teams which are responsible for overseeing the Bank's resilience programme and managing user rights for certain systems.
As an Assistant - Trade Settlement, you will be responsible for administering the delivery of all functions within the Trade Services department, primarily processing Bank Guarantees, Standby Letters of Credit and Import/Export Letters of Credit. This is a 12 month full time fixed term contract position.
Key responsibilities- Process daily workload which includes Letters of Credit, Documentary Collections and Guarantees, both import and export financing including negotiations, discounts, loans, risk sale and purchase.
- Perform four eye checks on work processed by other colleagues.
- Keep customer files up to date.
- Assist in handling ancillary tasks including post, courier, filing, SWIFT messages, archiving, and other daily processes.
- Prepare information requested for monthly, quarterly and half yearly statistics for the department and Head Office.
- Ensure all transactions are processed within time frame and within rules and regulations, e.g. UCP, ISBP and URDG.
- Provide assistance and advice to customers in relation to trade services products and assist domestic and overseas branches as well as other banks with any queries when required.
- Cover team members when required.
- Degree educated in Economics, Finance, Banking or other relevant subject.
- Proven track record in a similar business stream.
- Good numeracy skills.
- Good analytical skills.
- Highly organised and able to work in a fast paced environment.
- Proficient in MS Office particularly in the use of Excel and Word.
- Commercial awareness.
- Excellent communication skills.
- Team player who is able to use their own initiative and work independently.
Assistant - Trade Settlement in London employer: Bank of China
Contact Detail:
Bank of China Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant - Trade Settlement in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and the role. Understand their products and services, especially in trade finance. This will help us stand out and show that we’re genuinely interested.
✨Tip Number 3
Practice common interview questions and tailor your answers to highlight your skills in operations and trade services. We want to showcase our analytical skills and ability to work in a fast-paced environment.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows that you’re keen on joining our team directly.
We think you need these skills to ace Assistant - Trade Settlement in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Assistant - Trade Settlement role. Highlight any relevant experience in trade finance, banking, or operations. We want to see how your skills match what we're looking for!
Showcase Your Skills: Don’t forget to showcase your analytical and organisational skills in your application. Mention specific examples where you've demonstrated these abilities, especially in a fast-paced environment. We love seeing real-life applications of your skills!
Be Clear and Concise: When writing your cover letter, keep it clear and concise. We appreciate straightforward communication, so get to the point while still showing your enthusiasm for the role. Let us know why you’re excited about joining our team!
Apply Through Our Website: Make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do – just follow the prompts!
How to prepare for a job interview at Bank of China
✨Know Your Trade Services
Make sure you brush up on your knowledge of trade finance products like Bank Guarantees and Letters of Credit. Familiarise yourself with the key regulations such as UCP and ISBP, as this will show your understanding of the role and impress the interviewers.
✨Showcase Your Organisational Skills
Since the role requires excellent organisational skills, prepare examples from your past experiences where you successfully managed multiple tasks or projects. Highlight how you kept everything on track, especially in a fast-paced environment.
✨Demonstrate Analytical Thinking
Be ready to discuss how you've used your analytical skills in previous roles. You might be asked to solve a hypothetical problem related to trade settlement, so practice articulating your thought process clearly and logically.
✨Communicate Effectively
As communication is key in this role, practice explaining complex concepts in simple terms. During the interview, make sure to listen actively and respond thoughtfully to questions, showing that you can engage well with both customers and colleagues.
