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- Tasks: Manage import/export transactions and provide trade finance solutions for clients.
- Company: Dynamic international bank offering hybrid working opportunities.
- Benefits: Competitive salary of £43k and professional development support.
- Why this job: Join a fast-paced environment and grow your skills in trade finance.
- Qualifications: Understanding of trade finance products and relevant qualifications preferred.
- Other info: Exciting career growth potential in a supportive team.
The predicted salary is between 38800 - 51800 £ per year.
Position OverviewTrade Finance Analyst – Documentary Credits
City based International Bank
Salary £43k
Hybrid working on offer
This range is provided by IPOE Consulting. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Direct message the job poster from IPOE Consulting.
Founder & MD @ IPOE Consulting – Let\’s team up for excellence! AKA the running recruiter.The role extends to import letters of credit, documentary collections, guarantees and standby letters of credit, any facilities for the issuance of such instruments. The role also extends to the products of other verticals such as Cash Management, Lending & Distribution, Supply Chain Finance and Forfaiting with the support from the respective verticals as you follow your client across the product verticals.
This being an Analyst role, the job holder will manage a balanced portfolio of customers, with a mix of reasonably straight-forward transactions and some challenging cases and relationships to help them grow in the role.
All aspects of import transactions including: L/C issuance, L/C acceptances, collections such as D/P, D/A, etc
All aspects of export transactions including: L/C advising; L/C confirmation, scan documents
Trade related finance solutions such as packing loans, factoring, bills discounting, forfaiting and funded or un-funded risk participation.
Calculate accurately the fees and interests for the relevant transactions.
Liaise correspondence in connection with documentary import and export letters of credit for customers of the Bank in line with agreed procedures
Collate and check documents to ensure Compliant with letters of credit terms and conditions.
Proficient checking of payments with appropriate knowledge of Swift rules
Timely following up of irregularities with customers
Liaise with clients on matters relating to L/C transactions
Assist Head of Institutional Banking in carrying out various trade finance related statistical reports for Management and Head Office.
Funds positioning.
Carrying out periodical accounting reconciliation internally with Credit Administration, Corporate Banking and Financial Control departments
Make proper registrations to the business as required by the procedure.
All the CDD and AML checking in trade services and other products lines as required by the Bank\’s policy.
Keep all AML check evidences for audit trail purpose. Must report / escape to MLRO for potential positive hit or suspicious transactions in accordance to the Bank\’s AML policy.
Skills Required
A good understanding of wholesale banking products, in particular trade finance products (e.g. Import and Export LCs, Guarantees, Collections etc), and the end-to-end processes involved in delivering those products to the Bank\’s clients will be an advantage.
Suitably educated. Relevant degrees / certifications / professional qualifications may be advantageous (Qualifications such as CITF, DCCS, CSDG are preferable).
Exposure to transaction/ facility structuring
An understanding of credit, compliance and operational requirements for the relevant products will be an advantage.
Solid computer skills with capability to use spreadsheets, graphic and presentation packages to review and create professional materials will be an advantage.
Candidates must also have the right to work in the UK. I\’m afraid sponsorship isn\’t offered for this position.
Due to the high volume of CVs that we receive, only successful candidates will be contacted. Thank you for your time and patience.
Seniority levelAssociate
Employment typeFull-time
Job functionAnalyst
IndustriesBanking
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Trade Finance Analyst employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the trade finance sector on LinkedIn or at industry events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade finance products. Be ready to discuss how you’d handle specific scenarios, like L/C transactions or compliance checks, to show you’re the right fit.
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications with a quick email or message. It shows your enthusiasm and keeps you on their radar.
✨Tip Number 4
Check out our website for the latest job openings. We often have roles that might not be listed elsewhere, so keep an eye out and apply directly through us!
We think you need these skills to ace Trade Finance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Trade Finance Analyst role. Highlight your experience with import/export letters of credit and any relevant banking products. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trade finance and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Relevant Skills: Don’t forget to showcase your skills in compliance, credit, and operational requirements. If you've got experience with Swift rules or financial reconciliation, make sure to mention it! We’re keen on candidates who can hit the ground running.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at IPOE Consulting
✨Know Your Trade Finance Products
Make sure you brush up on your knowledge of trade finance products like import/export letters of credit, guarantees, and collections. Being able to discuss these confidently will show the interviewers that you understand the core responsibilities of the role.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific trade finance scenarios, such as dealing with irregularities in transactions or calculating fees. Practising these types of questions can help you articulate your thought process clearly during the interview.
✨Showcase Your Analytical Skills
As an Analyst, your ability to manage a balanced portfolio and analyse transactions is key. Be ready to share examples from your past experiences where you've successfully navigated complex cases or improved processes.
✨Familiarise Yourself with Compliance and AML Policies
Understanding the compliance and anti-money laundering (AML) requirements is crucial for this role. Brush up on relevant regulations and be prepared to discuss how you would ensure adherence to these policies in your work.
