At a Glance
- Tasks: Support trade finance operations and manage relationships with banks and clients.
- Company: Prestigious international bank with a collaborative environment.
- Benefits: Gain valuable banking experience and develop your professional skills.
- Other info: Dynamic role with opportunities for growth in a regulated banking environment.
- Why this job: Be at the heart of trade finance, making a real impact in a global setting.
- Qualifications: Prior banking experience in Trade Finance or related fields is preferred.
The predicted salary is between 40000 - 50000 £ 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.
Daily Duties
- 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
As a prestigious international banking institution, we pride ourselves on fostering a collaborative and inclusive work environment in our London office. Employees benefit from comprehensive training and development opportunities, ensuring continuous professional growth while being part of a team that values operational excellence and client service. Our commitment to employee well-being and a supportive culture makes us an exceptional employer for those seeking a rewarding career in trade finance.
StudySmarter Expert Advice🤫
We think this is how you could land Trade Finance Support - Prestigious Bank in London
✨Tip Number 1
Network, network, network! Get out there and connect with people in the banking industry. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have a lead on that perfect Trade Finance role!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of trade finance operations and compliance. Be ready to discuss your previous experiences and how they relate to the role. Practice common interview questions and think about how you can demonstrate your problem-solving skills.
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, highlight specific situations where you’ve successfully managed client relationships or navigated regulatory challenges. This will help you stand out as a candidate who can hit the ground running.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that might just be the right fit for you. Plus, it’s a great way to ensure your application gets seen by the right people in our team.
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 your relevant banking experience, especially in Trade Finance Operations and Financial Institutions. 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 you can contribute to our team. Be sure to mention any specific experiences that relate to correspondent banking or compliance due diligence.
Showcase Your Attention to Detail:In a regulated environment like ours, attention to detail is key. When filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure everything is spot on!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at MARKET TALENT
✨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 help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Experience
Be ready to discuss your previous banking experience, especially in Trade Finance Operations or Financial Institutions. Prepare specific examples of how you've handled client queries or managed operational data. This will demonstrate your ability to thrive in a regulated, process-driven environment.
✨Prepare for Compliance Questions
Since compliance is a big part of this role, expect questions around regulatory processes and due diligence. Familiarise yourself with the latest compliance standards and be prepared to discuss how you've applied them in past roles. This will highlight your attention to detail and commitment to governance.
✨Practice Your Communication Skills
As a client service officer, effective communication is key. Practice articulating your thoughts clearly and concisely. You might even want to do a mock interview with a friend to get comfortable discussing complex topics in an easy-to-understand way. This will help you connect better with the interviewers.
