Assistant Vice President – Trade Finance (Transaction Banking)

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