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- Tasks: Manage letters of credit, payments, and banking relationships with precision.
- Company: Join Zenith Bank, a leading Nigerian bank known for innovation and market success.
- Benefits: Enjoy a competitive salary, learning opportunities, and a supportive work-life balance.
- Why this job: Be part of a dynamic team driving trade between Nigeria and Europe with impactful services.
- Qualifications: A degree is essential; CDCS qualification is a bonus. Strong communication and analytical skills required.
- Other info: This is a 12-month fixed-term contract with a salary up to ÂŁ55,000 based on experience.
The predicted salary is between 33000 - 77000 ÂŁ per year.
About Us: Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance, as well as a strong pedigree of innovation, resilience, and market dominance. On an annual basis, Zenith Bank PLC amasses a string of notable awards; one of the most recent being listed as the sole Nigerian brand on the World’s top 100 companies in 2023 by the World Finance Magazine. Zenith Bank (UK) Limited (ZBUK) was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure. Zenith Bank recognises the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success. With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures “Controlled Growth” as we aim to become the Bank of choice for businesses wishing to transact in the African continent.
Responsibilities:
- Issuance and checking of letters of credit and guarantees
- Processing of payments under confirmed, unconfirmed Letters of credit
- Confidence in relating with other corresponding banks to solve corresponding bank issues
- Confidence in relating with other banks in the establishment of RMA keys
- Knowledge of loan booking and loan administration
- Processing of clean Reimbursement
- Processing payment under LC discounting
- Reconciliation of all LC cash collateral accounts and Suspense accounts
- Processing of Bill for collection payment and sending advices to clients
- Review and investigation of Nostro reconciliation to clear outstanding items
- Advising debit advices to clients after payments
- Knowledge of Letters of credit and LC and LC amendment
- Confidence in advising letters of credit
- Knowledge of document checking
- Handling payments’ queries and investigations from clients and correspondent banks
- Ensuring that the Bank’s procedures on Anti-Money Laundering are followed at all times
- Authorising payments
- Processing and or authorising of LC Refinances
- Other responsibilities assigned
Skills and Knowledge Required:
- Excellent verbal and written communication skills
- Good Knowledge of use of Excel and MS-word
- Good time management
- Good team player
- Knowledge of SWIFT
- Knowledge of UCP600
- Accuracy and efficiency
- Analytical and problem solving skill
- Attention to details
- Sound Knowledge of Letters of credit
- Possess a first degree
- CDCS qualification is an added advantage
This is a 12 month fixed term contract paying up to ÂŁ55,000 based on experience.
Contact Detail:
Zenith Bank (UK) Limited. 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 and services offered by Zenith Bank. Understanding their approach to letters of credit and guarantees will help you demonstrate your knowledge during any discussions.
✨Tip Number 2
Network with professionals in the trade finance sector, especially those who have experience with banks that operate between Africa and Europe. This can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Stay updated on current trends and regulations in trade finance, particularly those affecting the UK and Nigeria. Being well-informed will allow you to engage in meaningful conversations and showcase your expertise.
✨Tip Number 4
Prepare for potential interviews by practising common trade finance scenarios and questions. Being able to articulate your problem-solving skills and attention to detail will set you apart from other candidates.
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 read the job description for the Trade Finance Officer position. Understand the key responsibilities and required skills, so you can tailor your application accordingly.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the requirements of the role. Emphasise your knowledge of letters of credit, analytical skills, and any experience with trade finance.
Craft a Compelling Cover Letter: Write a cover letter that not only introduces yourself but also explains why you are a great fit for Zenith Bank (UK) Limited. Mention specific experiences that demonstrate your expertise in trade finance and your understanding of the banking sector.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for the Trade Finance Officer role.
How to prepare for a job interview at Zenith Bank (UK) Limited.
✨Understand Trade Finance Fundamentals
Make sure you have a solid grasp of trade finance concepts, especially letters of credit and guarantees. Be prepared to discuss your experience with these instruments and how they relate to the responsibilities of the role.
✨Showcase Your Analytical Skills
Highlight your analytical and problem-solving abilities during the interview. Be ready to provide examples of how you've used these skills in past roles, particularly in relation to loan booking or reconciliation tasks.
✨Demonstrate Communication Proficiency
Since excellent verbal and written communication skills are crucial for this position, practice articulating your thoughts clearly. You might be asked to explain complex financial concepts, so ensure you can do so in an understandable way.
✨Familiarise Yourself with Compliance Standards
Understanding anti-money laundering procedures is vital for this role. Be prepared to discuss how you would ensure compliance and what steps you would take to address any potential issues that may arise.
