At a Glance
- Tasks: Manage import/export transactions and ensure compliance in trade finance operations.
- Company: Join a leading bank with a strong focus on trade finance.
- Benefits: Competitive salary and opportunities for professional growth.
- Other info: Office-based role with a collaborative work environment.
- Why this job: Be part of a dynamic team making impactful financial decisions.
- Qualifications: 5 GCSEs including Maths and English; trade qualifications are a plus.
The predicted salary is between 35000 - 45000 £ per year.
To ensure efficient, accurate and timely performance of work relating to Import, Export and Guarantee transactions of the trade finance department, and ensure that Compliance policies and procedures are adhered with, protecting the bank at all times from loss or risk.
- Export Letter of Credit:
- Check & process all export documentary credit received.
- Complete Compliance risk assessment for all trade transactions.
- 1st /2nd check of Letter of Credit Documents.
- Processing of Outward Collection documents.
- Processing settlement of all Export transactions, and claiming reimbursement where necessary.
- Ensure all incoming swift messages pertaining to export documentary credit(s) / amendment(s) / confirmation(s) and correspondences are mapped for input in systems.
- Ensure all credit approvals / rate and allocations are in place.
- Preparation of confirmation ticket for approval by credit department.
- Reconciliation of all liability accounts pertaining to trade and review of all daily due date reports.
- Discounting / Purchase and MRPA or Export Letter of Credit:
- Ensure discounting requested of the beneficiary / financial institution is in place.
- Ensure duly accepted MRPA of both parties (HBL & counter party) involved is in place.
- Country party signature(s) are duly authenticated through authenticated swift message.
- Ensure approval is in place for confirmation / discount and Bank exposure limit is in place.
- Prepare discount ticket ensure approval from credit department is obtained.
- Ensure respective transaction documents are dispatched to the Bank.
- Import Letter of Credit/Guarantees:
- Examine wordings of the guarantee and counter guarantee and obtain approval by credit department.
- Review LC applications and process LC issuance/amendment.
- 1st /2nd check of Letter of Credit Documents.
- Processing of Inward Collection documents.
- Processing settlement of all Import transactions and arranging Import Finance where required.
- Prepare delivery orders based on customer requests.
- Examine import LC documents and advise discrepancies.
- Process incoming collection documents, acceptance and settlements.
Minimum qualifications:
- 5 GCSE’s or equivalent including Maths and English / Higher Education an advantage.
- Industry trade qualifications: CDCS, CDSG, CITF an advantage.
Experience, Skills & Competencies:
- Minimum 3 years Trade and Documentary Credit Experience.
- Strong LC Document checking experience required.
- Experience of Commodity Trade Finance would be an advantage.
- Experience of Transactional lending type of facilities, collateral monitoring: receipt and cross-check of inspection reports.
- Strong trade compliance experience: screening of parties, goods, monitoring vessel location, journey, ETAs at destination.
- Responsible for monitoring collections under sales invoices.
- Strong communication skills as well as the ability to build rapport with internal & external customers.
- Time Management, Multi-tasking and Planning skills are essentials.
- Team player with the ability to deliver projects and to work within integrated, multi-disciplinary team.
- Assertive, resilient to setbacks and goal focused.
- Strong MS Office Skills. Good level of Excel skills an advantage.
- Experience of Fusion Trade Innovations system would be an advantage.
Please note this role requires being in the office 5 days a week.
Competitive Salary.
Trade Finance Officer - Fixed Term in London employer: HBL Bank UK
HBL Bank UK is an excellent employer that fosters a collaborative and innovative work culture, where employees are encouraged to grow and develop their skills in the dynamic field of banking and FinTech. With a strong commitment to regulatory compliance and consumer duty, the bank offers meaningful opportunities for professional advancement while ensuring a supportive environment that values teamwork and integrity. Located in the heart of the UK financial sector, HBL Bank UK provides its employees with unique advantages, including access to industry-leading resources and a network of professionals dedicated to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Finance Officer - Fixed Term in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like HBL Bank UK.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like HBL Bank UK might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Trade Finance Officer - Fixed Term in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at HBL Bank UK will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at HBL Bank UK. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give HBL Bank UK confidence in your short-term commitment to the role.
How to prepare for a job interview at HBL Bank UK
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with HBL Bank UK.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure HBL Bank UK that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
