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- Tasks: Join a dynamic team to manage trade finance documentation and banking relationships.
- Company: A leading trader in Commodity and Energy products based in Central London.
- Benefits: Enjoy a growing business environment with opportunities for professional development.
- Why this job: Be part of a talented team and make an impact in the trade finance sector.
- Qualifications: Degree in relevant fields; experience in trade finance is essential.
- Other info: CDCS certification is a plus; strong knowledge of UCP 600 and related standards required.
The predicted salary is between 43200 - 72000 £ per year.
Our client is an established trader of Commodity and Energy products based in Central London. They offer a unique chance to work within a continuously growing and diversifying business, with a strong commercial appetite.
Reporting to the Trade Finance Assistant Team Manager, we are looking for an experienced Trade Finance Analyst with a related background, and strong knowledge of UCP 600/ ISBP 2013 EDITION/ISP 98/ICC 522, to join a talented team of Trade Finance professionals.
RESPONSIBILITIES WILL INCLUDE:
- Liaise and coordinate with various parties to resolve all LC matters
- Negotiate LC format, terms and conditions with counterparties
- Verifying LC terms against UCP/ISP to ensure all workability issues are cleared
- Arranging full range of trade finance documentation (Trade loans / Discounting / Re-financing) and processing
- Maintain banking relationships; negotiate competitive bank facilities documentation, terms and rates for the company
- Arranging issuance of bank guarantees, bid and performance bonds in support of purchase and sales trading activities
- Preparation of invoices and other documentation for payments / discounts
- Processing of the cargo and other payments
- Help to set up of new finance structures and negotiate various new financing with internal/ external counterparties
- Recommend, implement and maintain trade finance policy and process including Power and Gas Trade Finance activities
- Support all other treasury activities
EDUCATION, SKILLS, EXPERIENCE AND COMPETENCIES REQUIRED:
- Degree in Shipping, Trade Finance/Banking/Commercial/Treasury or equivalent
- CDCS certification will be an advantage
- Proven relevant trade finance experience within a Trading Company or Financial institution
- Strong knowledge of UCP 600/ ISBP 2013 EDITION/ISP 98/ICC 522
- Knowledge of Trade Finance products, mechanisms and risks
- Detailed knowledge on Trade processing and operations
- A comprehensive understanding of the regulatory frameworks and compliance requirements associated with financial services and experience of working within these scopes
- Knowledge of European banking process and procedures desirable
Senior Trade Finance Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Trade Finance Analyst
✨Tip Number 1
Network with professionals in the trade finance sector. Attend industry events, webinars, or local meetups to connect with people who work in similar roles. This can help you gain insights into the company culture and potentially get a referral.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in trade finance, especially regarding UCP 600 and other relevant regulations. Being well-versed in current practices will not only boost your confidence but also impress potential employers during discussions.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that demonstrate your ability to handle LC matters and negotiate terms effectively. Real-life scenarios can showcase your problem-solving skills and expertise in trade finance.
✨Tip Number 4
Research the company thoroughly before your interview. Understand their business model, recent news, and how they operate within the commodity and energy markets. This knowledge will help you tailor your responses and show genuine interest in the role.
We think you need these skills to ace Senior Trade Finance Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in trade finance, particularly your knowledge of UCP 600, ISBP 2013, and other related standards. Use specific examples from your past roles to demonstrate your expertise.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities listed in the job description, such as liaising with parties on LC matters and maintaining banking relationships.
Showcase Relevant Skills: Emphasise your skills in negotiation, documentation processing, and understanding of regulatory frameworks. Highlight any certifications like CDCS that may give you an edge over other candidates.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in trade finance roles.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Expertise in Trade Finance
Make sure to highlight your experience and knowledge of UCP 600, ISBP 2013, ISP 98, and ICC 522 during the interview. Be prepared to discuss specific examples of how you've applied these regulations in your previous roles.
✨Demonstrate Strong Negotiation Skills
Since the role involves negotiating LC formats and terms, be ready to share instances where you've successfully negotiated terms with counterparties. This will show your ability to handle complex discussions and reach favourable outcomes.
✨Understand the Company's Operations
Research the company's trading activities and their approach to trade finance. Being knowledgeable about their operations will allow you to ask insightful questions and demonstrate your genuine interest in the role.
✨Prepare for Technical Questions
Expect technical questions related to trade finance products and processes. Brush up on your understanding of trade processing, banking relationships, and compliance requirements to confidently answer any queries that may arise.
