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- Tasks: Manage the full cycle of Trade Finance products and ensure timely processing.
- Company: Join DBS Bank, a leading financial institution in the heart of London.
- Benefits: Enjoy competitive salary, annual bonus, 25 days leave, and a birthday day-off.
- Why this job: Be part of a dynamic team, enhance your skills, and make a real impact in finance.
- Qualifications: Knowledge of Trade Finance and basic banking regulations; CDCS qualification is a plus.
- Other info: Must have the right to work in the UK without sponsorship.
The predicted salary is between 36000 - 60000 £ per year.
Client: DBS Bank
Location: London (City of London), United Kingdom
Job Category: Other
EU work permit required: Yes
Job Responsibilities:
- Processing the whole life cycle of Trade Finance products: Import/export letters of credit (issuing, advising, confirming, amendments, documentary presentations), reimbursement claims/payments, internal and external enquiries, guarantees, SBLCs, risk participation processing, trade loans, refinancing and discounting.
- Ensure all upcoming maturities and obligations are regularly monitored and settled on time.
- Regular chasers and daily calendar items to be managed for timely action.
- Able to pro-actively engage with team members to support understanding and training on all systems and procedures.
- Ensure good communication, daily interaction and close working relationship between Trade Operations and Middle Office, Relationship Managers and other support areas.
- Work on system UAT and LV projects.
- Adhere to governing rules, UCP, URC, SOP, procedures, and all relevant controls.
- Ensure processing is affected in a team spirit and avoid silo based attitudes where people should think beyond their immediate work space and consider the wider team's pressure points thereby delivering maximum efficiency.
Skills & Requirements:
- Knowledge of all aspects of Trade Finance Processing.
- Basic banking and regulatory requirements knowledge.
- CDCS qualification is preferred but not required.
- The successful candidate must have right to work in the UK and do not require sponsorship (now or in the future).
What we offer:
- A competitive salary, depending on experience + annual discretionary bonus
- 25 days annual leave (increasing to 27 days after 2 years continuous service) + bank holidays
- An additional paid day-off for your Birthday
Trade Finance Officer employer: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trade Finance Officer
✨Tip Number 1
Familiarise yourself with the specific Trade Finance products mentioned in the job description, such as letters of credit and guarantees. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the Trade Finance sector, especially those who work at DBS Bank or similar institutions. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with team collaboration and communication, as these are key aspects of the role. Think of examples where you've successfully worked in a team to achieve common goals.
✨Tip Number 4
Stay updated on current trends and regulations in Trade Finance. Being knowledgeable about recent changes can set you apart from other candidates and show that you're proactive in your professional development.
We think you need these skills to ace Trade Finance Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Trade Finance Officer. Familiarise yourself with the specific tasks mentioned in the job description, such as processing letters of credit and managing trade loans.
Tailor Your CV: Customise your CV to highlight relevant experience in trade finance and banking. Emphasise any qualifications or skills that align with the requirements, such as knowledge of UCP, URC, and SOP procedures.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for trade finance and your understanding of the role. Mention how your previous experiences have prepared you for the challenges of this position at DBS Bank.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at JR United Kingdom
✨Understand Trade Finance Fundamentals
Make sure you have a solid grasp of the key concepts in trade finance, such as letters of credit, guarantees, and risk participation. Being able to discuss these topics confidently will show your potential employer that you are well-prepared for the role.
✨Demonstrate Team Collaboration Skills
Since the role requires close interaction with various teams, be ready to share examples of how you've successfully worked in a team environment. Highlight your ability to communicate effectively and support your colleagues, which is crucial for maintaining efficiency.
✨Prepare for Regulatory Knowledge Questions
Familiarise yourself with basic banking regulations and compliance requirements relevant to trade finance. Be prepared to discuss how you would ensure adherence to these rules in your daily operations, as this is a key aspect of the job.
✨Showcase Your Problem-Solving Abilities
Think of instances where you've had to troubleshoot issues or improve processes in previous roles. Being able to articulate your problem-solving skills will demonstrate your proactive approach and readiness to tackle challenges in the trade finance sector.
