About the role

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. The Transaction Management Unit (TMU) provides pre-screening and approval of all trade finance transactions primarily those for the Bank's commodity clients, plus collateral management, commodity client portfolio management and reporting. As an Assistant Vice President - Commodity Trade Finance & Collateral Management within TMU, you will be responsible for ensuring that delivery of the Bank's products and services for its commodity trade finance business across the metals, energy and agriculture sectors are effectively and efficiently handled. You will be providing post-sanction conformance on all Trade Finance facilities as well as ongoing transactional and collateral management. This is a full time permanent position.

Key responsibilities

• Prepare, manage and review process and procedures to ensure an efficient running of the Transaction Management Unit; this includes the operational activities that require delivery against the recommendations set out by the Bank and Regulators
• Assist and respond to customers' daily transaction enquiries
• Provide turnaround for all client requests and ensure they are prepared and processed in accordance with the relevant risk approval and passed over to the processing areas with Operation Services department in a timely manner
• Contribute to the strategic development of the Bank's commodity trade finance portfolio
• Prepare and update Product Information Document (PID)'s for new products and procedures as and when required
• Work closely with the relationship managers and Risk Management department to ensure all necessary business and risk evaluations are undertaken appropriately
• Represent the Bank professionally at any events or conferences attended
• Ensure compliance with the Bank's Compliance and Sanction policies and procedures as well as all external regulatory and sanctions regulations
• Deliver accurate MI and detailed reports describing client's exposure to product and commodity
• Provide advice and mentoring to other staff as and when required
• Provide cover for TMU staff members when required

Requirements

• Degree educated in Business, Finance, Accounting or other relevant subjects
• Demonstrated Trade Finance experience within the Financial Services industry, in metals, energy and/or agriculture sectors
• Knowledge of Anti-Money Laundering (AML) and Customer Due Diligence (CDD) requirements
• Knowledge of current International Chamber of Commerce (ICC) rules for collections, documentary credits, guarantees and standby letters of credit
• Good understanding of the physical commodity markets and hedging
• Excellent communication and interpersonal skills
• Planning and organisation skills
• Drafting policies and procedures is a plus
• Proficient in MS Office particularly in the use of MS Excel
• Team player
• Customer and results focused
• Excellent negotiation skills

Working here

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.

Learning and Development

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

Benefits

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

Private
Healthcare

Pension

Employee Assistance Programme

Complimentary
Lunch

Cycle to
work scheme

Retail
Discounts

Meet our People

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.