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Assistant Vice President – Trade Finance (Transaction Banking)

Location London
Department Transaction Banking
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

Transaction Banking department is responsible for the product ownership of Corporate and Financial institution client’s Trade Finance, Commodity Finance, Cash Management, E-banking product as well as Corporate client’s Account, Payment, Deposit, overdraft services. As an Assistant Vice President - Trade Finance (Transaction Banking), you will be responsible for managing, marketing and developing China-related trade finance products to drive business growth, profitability and client development, while meeting income and risk control targets. You will also promote international trade settlement and cross-border RMB services to corporate clients to increase transaction volumes. This is a full time permanent position. 

Key responsibilities

  • Be responsible for the marketing and implementation of Joint Trade Finance and other assigned traditional trade finance products, including product packaging, marketing materials, tariff reviews and new product procedures
  • Undertake product management, draft and update product policy and procedure, propose product development plans and budgets, and establish product compliance requirements
  • Liaise with Head Office on product instructions, system functionality updates, and operational requirements for transaction booking and account setup in relevant systems; and manage CCMS/GRMS-related operations for trade finance business
  • Collaborate with relationship managers to deliver support for trade finance product solutions to local and domestic customers, including system upgrading and innovation demands for China-related clients
  • Provide guidance, support and staff training for the Business Department and local branches, allocate product-related budgets to sub-branches, and liaise with assigned Bank of China’s domestic branches in developing joint business
  • Be responsible for RMB promotion and working group organising, administration and statistics work, and prepare product statistics figures for the department and Head Office
  • Conduct transactional due diligence (KYB) and necessary KYC procedure for day-to-day transactions as per the Bank and the department’s policies and procedures
  • Assist relationship managers in carrying out post-lending management for trade finance business
  • Participate in departmental activities relating to credit risk, operational risk, conduct risk, and compliance risk, as required

Requirements

  • Degree educated in Banking, Finance, Economics, or other relevant subject
  • CDCS, CSDG, or other relevant transaction banking certifications are preferred
  • Demonstrated experience in the trade finance business in the Financial Services sector is preferred
  • Combination of experience in product marketing and trade finance operation is preferred
  • In-depth knowledge of a wide range of trade finance products, international customs and industry practices
  • Good understanding of credit analysis and assessment is preferred
  • Comprehensive knowledge of the UK Financial Services Regulatory Framework, including PRA Rulebook, FCA Handbook and relevant sourcebooks
  • Familiarity with trade finance systems
  • Excellent communication skills
  • Fluency in Mandarin is preferred
  • Marketing and sales skills
  • Commercial awareness
  • Attention to detail
  • Highly organised
  • Proficient in MS Office (Word, Excel, PowerPoint)
  • Team player

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK. It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group. The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.  

We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through: 

  • access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute 

  • 24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge 

  • regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network 

  • exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile 

  • developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme  

  • encouraging a “growth” personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week 

  • embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to “future-proof” your career 

  • promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions 

We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including: 

Celine Luo
Assistant Vice President, Financial Crime and Compliance

Bank of China is a great platform for everyone who wants to gain different knowledge and self-development. I started as a Junior Associate and had the opportunities to gain invaluable working experience in two different departments. I am happily working here, as an Assistant Vice President in the Financial Crime and Compliance department. I believe I will continue to grow here, not only in my career development but also in my personal wellbeing.

Daniel Shulakov
Senior Associate,
Credit Management

I joined Bank of China as a university graduate and I believe I have found the best place for me. From the first day my priority was always to learn. This was quickly recognised by my department, which provided me with the platform to grow, and my colleagues have been very helpful in the guidance they have provided me with along my journey. There are ample opportunities to grow with the Bank and it all depends on how much one would like to develop themselves.

Rita Cobbold
Vice President – Head of Customer Due Diligence, CFU Middle Office

I have been working at Bank of China for almost 8 years. In March 2022 I was promoted to VP - Head of Customer Due Diligence and I lead the CDD Unit. There are so many great things about working for the company. My favourite is probably the Bank’s commitment to identifying talent and nurturing them to develop into great leaders. The Bank embraces employees of all experience levels, backgrounds, and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. Working here has really enhanced my knowledge, my understanding of different cultures, leadership skills and a sense of direction for the future.

Ashley Watson
AVP – Security Operations & Risk Manager, General Administration

Over the past four years at Bank of China UK, I have had the opportunity to grow both professionally and personally in my role as the Security Operations and Risk Manager. My role involves safeguarding the bank’s operations through robust risk management and proactive security strategies. Every day brings new challenges, and the dynamic nature of the role keeps me engaged and motivated. One of the most rewarding aspects of working here is being part of a truly diverse and multicultural environment. Collaborating with colleagues from different backgrounds has broadened my perspective and enriched both my professional and personal experiences.

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