At a Glance
- 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.
- Other info: Exciting career path with exposure to various banking operations and client interactions.
- 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.
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
Join a dynamic and growing business as an Office Manager, where your organisational skills will be the backbone of our operations. We pride ourselves on fostering a collaborative work culture that values each employee's contributions, offering opportunities for professional growth and involvement in exciting projects like networking events and client hospitality. With a focus on creating a positive workplace environment, this role promises variety and the chance to make a meaningful impact every day.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Finance Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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We think you need these skills to ace Trade Finance Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to IPOE Consulting.
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Research and Reflect:Before hitting that 'apply' button on IPOE Consulting's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at IPOE Consulting
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with IPOE Consulting.
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✨Network with Industry Professionals
Before your interview, reach out to current or former IPOE Consulting employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
