At a Glance
- Tasks: Manage the full cycle of Trade Finance products and ensure timely processing.
- Company: Join a dynamic team in a leading financial institution focused on trade operations.
- Benefits: Enjoy competitive salary, generous leave, private medical insurance, and more perks.
- Why this job: Be part of a collaborative environment that values teamwork and efficiency.
- Qualifications: Basic knowledge of Trade Finance and banking regulations; CDCS qualification is a plus.
- Other info: Must have the right to work in the UK without sponsorship.
The predicted salary is between 36000 - 60000 £ per year.
Job Responsibilities:
- Processing the whole life cycle of Trade Finance products: Import/export letters of credit (issuing, advising, confirming, amendments, documentary presentations), reimbursement claims/payments, internal and external enquiries, guarantees, SBLCs, risk participation processing, trade loans, refinancing and discounting.
- Ensure all upcoming maturities and obligations are regularly monitored and settled on time.
- Regular chasers and daily calendar items to be managed for timely action.
- Able to pro-actively engage with team members to support understanding and training on all systems and procedures.
- Ensure good communication, daily interaction and close working relationship between Trade Operations and Middle Office, Relationship Managers and other support areas.
- Work on system UAT and LV projects.
- Adhere to governing rules, UCP, URC, SOP, procedures, and all relevant controls.
- Ensure processing is affected in a team spirit and avoid silo based attitudes where people should think beyond their immediate work space and consider the wider team's pressure points thereby delivering maximum efficiency.
Skills & Requirements:
- Knowledge of all aspects of Trade Finance Processing.
- Basic banking and regulatory requirements knowledge.
- CDCS qualification is preferred but not required.
- The successful candidate must have right to work in the UK and do not require sponsorship (now or in the future).
What we offer:
- A competitive salary, depending on experience + annual discretionary bonus
- 25 days annual leave (increasing to 27 days after 2 years continuous service) + bank holidays
- An additional paid day-off for your Birthday
- Generous pension scheme
- Private Medical Insurance
- Life Assurance
- Annual Health Assessment
- Season Ticket Loan
Trade Finance Officer employer: DBS Bank
Contact Detail:
DBS Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer
✨Tip Number 1
Familiarise yourself with the specific Trade Finance products mentioned in the job description, such as letters of credit and guarantees. Understanding these concepts will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals already working in Trade Finance or related fields. Attend industry events or join online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your knowledge of banking regulations and compliance standards relevant to Trade Finance. Being well-versed in UCP, URC, and other governing rules will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your teamwork skills and how you've collaborated with others in previous roles. The job emphasises a team spirit, so be ready to share examples of how you've worked effectively within a team environment.
We think you need these skills to ace Trade Finance Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Trade Finance Officer. Familiarise yourself with the specific tasks mentioned in the job description, such as processing letters of credit and managing trade loans.
Tailor Your CV: Customise your CV to highlight relevant experience in trade finance operations. Emphasise any previous roles where you handled similar responsibilities or developed skills that align with the job requirements.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your understanding of trade finance and your ability to work collaboratively within a team. Mention your proactive approach to problem-solving and your commitment to adhering to regulatory standards.
Highlight Relevant Qualifications: If you have any qualifications related to trade finance, such as a CDCS certification, be sure to mention them prominently. Even if you don't have this qualification, highlight any relevant banking knowledge or experience that demonstrates your capability for the role.
How to prepare for a job interview at DBS Bank
✨Know Your Trade Finance Products
Make sure you have a solid understanding of the various Trade Finance products mentioned in the job description, such as letters of credit and guarantees. Be prepared to discuss your experience with these products and how you've handled them in previous roles.
✨Demonstrate Team Spirit
Since the role emphasises teamwork, think of examples where you've successfully collaborated with others. Highlight how you can engage with team members to enhance understanding and training on systems and procedures.
✨Showcase Your Communication Skills
Effective communication is key in this role. Prepare to discuss how you've maintained good relationships with different departments, like Trade Operations and Middle Office, and how you handle internal and external enquiries.
✨Familiarise Yourself with Regulations
Brush up on the governing rules and regulations related to Trade Finance, such as UCP and URC. Being knowledgeable about these will show that you are serious about compliance and understand the importance of adhering to procedures.