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- Tasks: Manage trade finance products like letters of credit and ensure compliance with banking procedures.
- Company: Dynamic international bank offering a hybrid working environment.
- Benefits: Competitive salary of £43k, flexible working options, and opportunities for professional growth.
- Why this job: Join a leading bank and gain hands-on experience in trade finance while making a real impact.
- Qualifications: Understanding of trade finance products and relevant degrees or certifications preferred.
- Other info: Exciting career path with exposure to various banking operations and client interactions.
The predicted salary is between 25800 - 43200 £ per year.
Position Overview
Trade 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 level
Associate
Employment type
Full-time
Job function
Analyst
Industries
Banking
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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 open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade finance products. Be ready to discuss how you can add value to the bank with your understanding of import/export LCs and guarantees.
✨Tip Number 3
Showcase your skills! Bring along examples of your work, like reports or presentations, to demonstrate your proficiency with spreadsheets and trade finance solutions during interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step!
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 documentary credits, guarantees, 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 Qualifications: If you've got qualifications like CITF or DCCS, make sure they’re front and centre in your application. We value education and certifications that align with the role, so don’t be shy about flaunting them!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy!
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 and export letters of credit, guarantees, and collections. Being able to discuss these confidently will show the interviewers that you understand the core of the role.
✨Prepare for Technical Questions
Expect questions about compliance, credit, and operational requirements related to trade finance. We recommend reviewing relevant regulations and procedures, so you can demonstrate your understanding and readiness to handle these aspects in the job.
✨Showcase Your Analytical Skills
Since the role involves calculating fees and interests, be prepared to discuss how you approach financial analysis. Bring examples of how you've used spreadsheets or other tools to analyse data effectively in past roles.
✨Demonstrate Strong Communication Skills
You'll need to liaise with clients and internal departments, so practice articulating your thoughts clearly. We suggest preparing a few scenarios where you successfully communicated complex information to non-experts, as this will highlight your ability to connect with clients.
