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- Tasks: Manage import/export transactions, including L/Cs and trade finance solutions.
- Company: Join an International Bank located in the vibrant City of London.
- Benefits: Enjoy a full-time office role with opportunities for professional growth.
- Why this job: Be part of a dynamic team impacting global trade finance while enhancing your skills.
- Qualifications: Experience in trade finance is preferred; bilingual in English & Mandarin is a plus.
- Other info: Candidates must have the right to work in the UK; no sponsorship available.
The predicted salary is between 28800 - 43200 £ per year.
Job Description
Trade Services Clerk
International Bank based in the City of London
Full time in the office
Principal Purpose of the Job:
Perform tasks relating to import and export initiation and settlement business, including L/Cs, Clean and Documentary Collections, Bank Guarantees, trade finance business. AML System checking and assessment on trade transactions.
Main Responsibilities & Accountabilities:
- 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 / escalate to MLRO for potential positive hit or suspicious transactions in accordance to the Bank’s AML policy.
Skills Required:
- Previous experience in trade finance, ideally working for an International Bank
- Accuracy and able to adapt to change in work flows
- Analysis, planning and organizing
- Attention to detail
- Teamwork and communication
- Bilingual: English & Mandarin is preferable
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.
Trade Finance Officer employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer
✨Tip Number 1
Make sure to familiarize yourself with the specific trade finance products mentioned in the job description, such as L/Cs and documentary collections. Understanding these concepts will help you speak confidently about your experience during the interview.
✨Tip Number 2
Since the role requires bilingual skills, practice your Mandarin if it's not your first language. Being able to communicate effectively in both English and Mandarin can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the trade finance sector, especially those working in international banks. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 4
Prepare for questions related to AML policies and compliance, as these are crucial in this role. Brush up on your knowledge of AML regulations and be ready to discuss how you've handled compliance in past positions.
We think you need these skills to ace Trade Finance Officer
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Trade Finance Officer position. Understand the key responsibilities and required skills, especially those related to import and export transactions, L/Cs, and AML compliance.
Tailor Your CV: Customize your CV to highlight relevant experience in trade finance, particularly any roles you've held in international banks. Emphasize your accuracy, attention to detail, and bilingual skills in English and Mandarin if applicable.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your previous experiences with the specific requirements of the job. Mention your familiarity with trade finance solutions and your ability to handle L/C transactions effectively.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. Ensure that your application reflects professionalism and attention to detail, which are crucial for this role.
How to prepare for a job interview at IPOE Consulting
✨Showcase Your Trade Finance Knowledge
Make sure to highlight your previous experience in trade finance, especially if you've worked for an international bank. Be prepared to discuss specific transactions you've handled, such as L/Cs and collections, to demonstrate your expertise.
✨Emphasize Attention to Detail
Given the nature of the role, attention to detail is crucial. Prepare examples from your past work where your meticulousness led to successful outcomes, particularly in document checking and compliance with letters of credit.
✨Demonstrate Your Communication Skills
Since the role involves liaising with clients and internal departments, be ready to showcase your communication skills. Practice explaining complex trade finance concepts clearly and concisely, as this will be key in your interactions.
✨Prepare for AML and CDD Questions
As the position requires knowledge of AML policies and CDD processes, familiarize yourself with these topics. Be prepared to discuss how you would handle suspicious transactions and ensure compliance with banking regulations.
