At a Glance
- Tasks: Support trade finance operations and ensure efficient service to clients and banks.
- Company: Prestigious international bank with a collaborative culture.
- Benefits: Gain valuable experience in a regulated banking environment with career growth opportunities.
- Other info: Engage in diverse tasks and develop your skills in a supportive environment.
- Why this job: Join a dynamic team and make an impact in global trade finance.
- Qualifications: Prior banking experience in Trade Finance or Correspondent Banking is preferred.
The predicted salary is between 45000 - 55000 £ per year.
We are currently supporting a well-established international banking institution seeking to appoint a Trade Finance & Financial Institutions Officer into its London-based operation. This position sits within a highly collaborative Trade & FI function and will play a key role supporting correspondent banking relationships, trade finance activities, network bank administration and regulatory due diligence processes. The successful individual will act as a central coordination point between trade customers, network banks, relationship teams and internal stakeholders, ensuring high standards of operational efficiency, governance and client servicing.
The role offers broad exposure across Trade Finance, Financial Institutions, correspondent banking, SWIFT RMA management, country and bank limit monitoring, compliance due diligence and management information reporting. It would suit an individual with prior banking experience within Trade Finance Operations, Financial Institutions, Correspondent Banking Support or Trade Services who is comfortable operating within a regulated, process-driven international banking environment.
Overall Role Purpose- Act as a client service officer in the department ensuring efficient service to the trade customers and banks.
- Support FI and Trade Business in terms of related administrative activities, record management and operational data management.
- Perform compliance due diligence on new network bank relationships and establishment of RMA.
- Monitor adverse news on network and correspondent banks through SWIFT KYC Registry and take appropriate update from the banks.
- Keep the bank limits updated in coordination with the Head of Trade & FI and Senior Relationship Manager.
- Conduct compliance due diligence on corporate Trade clients.
- Respond to corporate trade customers and banks queries in coordination with Trade business and operations queries.
- Maintain and update the records on the Bank’s and Country Credit Limits.
- Monitor the bank and country limits and reconcile the limits with Credit Administration/ GFI.
- Prepare applications for new and increasing bank limits for GFI allocation and CCC approval.
- Perform compliance due diligence on the correspondent banks annually and respond to BAU queries.
- Perform RMA due diligence on new and existing network banks in compliance with the Group directives.
- Conduct compliance checks on the counter parties on a transactional basis.
- Prepare periodic and ad hoc reports for Head of Trade & FI and other internal and external stakeholders.
- Create MI on banks and countries on a regular basis.
- Reconciliation of department reports with the system reports.
- Periodic MI reports within Excel and PowerPoint.
Trade Finance Support - Prestigious Bank in London employer: Market Talent Ltd
As a prestigious international banking institution, we pride ourselves on fostering a collaborative and inclusive work environment in our London office. Employees benefit from extensive professional development opportunities, a strong emphasis on operational excellence, and the chance to engage with diverse global clients. Join us to be part of a dynamic team that values innovation and client service, while enjoying the advantages of working in one of the world's leading financial hubs.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Finance Support - Prestigious Bank in London
✨Tip Number 1
Network, network, network! Reach out to your connections in the banking sector, especially those who have experience in Trade Finance. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of compliance and operational processes in Trade Finance. We recommend practising common interview questions and scenarios related to correspondent banking and regulatory due diligence.
✨Tip Number 3
Showcase your skills! When you get the chance to meet potential employers, whether at networking events or interviews, highlight your previous experience in Trade Finance Operations and how it aligns with their needs.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we often have exclusive roles that you won’t find elsewhere.
We think you need these skills to ace Trade Finance Support - Prestigious Bank in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Trade Finance Support role. Highlight any relevant banking experience, especially in Trade Finance Operations or Correspondent Banking. 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 this role and how your background makes you a great fit. Be sure to mention your experience with compliance due diligence and client servicing.
Showcase Your Attention to Detail:In a regulated environment like ours, attention to detail is key. Make sure your application is free from typos and errors. We appreciate candidates who take the time to present their best work!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Market Talent Ltd
✨Know Your Trade Finance Basics
Make sure you brush up on your trade finance knowledge before the interview. Understand key concepts like correspondent banking, compliance due diligence, and SWIFT RMA management. This will not only show your expertise but also demonstrate your genuine interest in the role.
✨Showcase Your Client Service Skills
Since the role involves acting as a client service officer, be prepared to discuss your previous experiences in customer service. Think of specific examples where you successfully resolved issues or improved client relationships, as this will highlight your ability to provide efficient service.
✨Familiarise Yourself with Regulatory Standards
Given the regulated nature of the banking environment, it’s crucial to understand the compliance requirements relevant to trade finance. Be ready to talk about any experience you have with compliance checks or regulatory processes, as this will reassure them of your capability to operate within their framework.
✨Prepare for Data Management Questions
Since the role involves operational data management and reporting, expect questions related to your experience with data handling. Brush up on your Excel and PowerPoint skills, and be ready to discuss how you've used these tools to create reports or manage information effectively in past roles.
