At a Glance
- Tasks: Manage trade finance operations, including letters of credit and payment processing.
- Company: Join a leading international bank in the heart of London.
- Benefits: Enjoy a competitive salary and a dynamic office environment.
- Why this job: Gain valuable experience in finance while working with a supportive team.
- Qualifications: A degree is required; CDCS qualification is a plus.
- Other info: This role is office-based, fostering collaboration and teamwork.
The predicted salary is between 25000 - 35000 £ per year.
City of London (5 days in the office)
Permanent £30,000 - £40,000
cer Financial are working alongside an international bank who are based in the City of London. They are seeking a Trade Finance Officer to work with them on a permanent basis.
The responsibilities of a Trade Finance Officer will include:
- Issuance and checking of letters of credit and guarantees
- Processing of payments under confirmed, unconfirmed Letters of credit
- Confidence in relating with other corresponding banks to solve corresponding bank issues
- Confidence in relating with other banks in the establishment of RMA keys
- Knowledge of loan booking and loan administration
- Processing of clean Reimbursement
- Processing payment under LC discounting
- Reconciliation of all LC cash collateral accounts and Suspense accounts
- Processing of Bill for collection payment and sending advices to clients
- Review and investigation of Nostro reconciliation to clear outstanding items
- Advising debit advices to clients after payments
- Knowledge of Letters of credit and LC and LC amendment
- Confidence in advising letters of credit
- Knowledge of document checking
- Handling payments’ queries and investigations from clients and correspondent banks
- Ensuring that the Bank’s procedures on Anti-Money Laundering are followed at all times
- Authorising payments
- Processing and or authorising of LC Refinances
- Other responsibilities assigned
Skills and Knowledge Required:
- Excellent verbal and written communication skills
- Good Knowledge of use of Excel and MS-word
- Good time management
- Good team player
- Knowledge of SWIFT
- Knowledge of UCP600
- Accuracy and efficiency
- Analytical and problem solving skill
- Attention to details
- Sound Knowledge of Letters of credit
- Possess a first degree
- CDCS qualification is an added advantage
Trade Finance Officer - CER Financial employer: cer Financial
Contact Detail:
cer Financial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer - CER Financial
✨Tip Number 1
Familiarise yourself with the key responsibilities of a Trade Finance Officer, especially around letters of credit and guarantees. Understanding these concepts deeply will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the trade finance sector, particularly those who work in banks or financial institutions. Attend industry events or join relevant online forums to build connections that could lead to job opportunities.
✨Tip Number 3
Brush up on your knowledge of UCP600 and SWIFT messaging, as these are crucial for the role. Consider taking short courses or webinars to enhance your understanding and demonstrate your commitment to potential employers.
✨Tip Number 4
Prepare to discuss your analytical and problem-solving skills in detail. Think of specific examples from your past experiences where you successfully resolved issues related to trade finance or banking operations.
We think you need these skills to ace Trade Finance Officer - CER Financial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of a Trade Finance Officer. Emphasise your knowledge of letters of credit, loan administration, and any experience with corresponding banks.
Craft a Strong Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific skills such as your analytical abilities and attention to detail, and how they will benefit the team at CER Financial.
Highlight Relevant Qualifications: If you possess a CDCS qualification or any other relevant certifications, make sure to mention them prominently in your application. This can set you apart from other candidates.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a Trade Finance Officer.
How to prepare for a job interview at cer Financial
✨Showcase Your Knowledge of Trade Finance
Make sure to brush up on your understanding of letters of credit, UCP600, and the overall trade finance process. Be prepared to discuss specific scenarios where you've applied this knowledge in previous roles.
✨Demonstrate Strong Communication Skills
Since the role requires excellent verbal and written communication, practice articulating your thoughts clearly. You might be asked to explain complex concepts, so being concise and confident is key.
✨Highlight Your Analytical Skills
Prepare examples that showcase your analytical and problem-solving abilities. Discuss how you've approached challenges in past positions, particularly those related to reconciliation or payment processing.
✨Familiarise Yourself with Relevant Software
As proficiency in Excel and MS Word is essential, ensure you can discuss your experience with these tools. If possible, mention any specific functions or features you’ve used that relate to trade finance tasks.