8 International Banker Resume Skills (With Definition)
By Indeed Editorial Team
Published November 21, 2022
The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.
International bankers generally help clients to understand foreign currency markets and exchange rates, perform wire transfers, and anticipate international financial trends. To secure this position, it's essential to create a compelling resume highlighting your skills. Learning the skills expected of an international banker can help you format your abilities according to a company's specifications to increase your employment opportunities. In this article, we define international banker resume skills, provide examples, explain how to improve them, and highlight ways to show them during the recruitment process.
What are international banker resume skills?
International banker resume skills are role-specific abilities that a hiring manager expects to see on your resume. They often include any skill you utilize in handling international transactions and providing financial services to clients. Including international banker skills on your resume can help you show your expertise in the financial field and become a competitive candidate. These skills may be a combination of technical and soft skills that are relevant to the position. Reviewing the job description can help you determine relevant international banker skills for a role and include them on your resume.
Skills to include on an international banker resume
Here are eight skills international bankers can include on their resumes:
Good customer service is important, as it can enable international bankers to build positive relationships with potential and current clients and help ensure customer satisfaction. Customer service may include answering questions, providing excellent service, and resolving issues promptly. This skill can improve your chances of getting a job, as employers prefer candidates who can interact with customers and find solutions that best work for them. When listing this competency on your resume, consider providing an example that demonstrates how you used it to perform your duties successfully in a previous role.
Know your customer (KYC)
KYC is the ability to verify a client's identity and intentions to understand their transaction patterns and determine any suspicious activities. As money launderers and terrorists may rely on accounts they anonymously opened, international bankers with KYC skills can easily detect and report suspicious transactions. These professionals may review documentation for new customer accounts, analyze customer policies, and evaluate high-risk accounts.
They can also study international market trends and observe customer behaviour patterns. It's vital to possess KYC skills to perform operational risk controls in compliance with regulatory and organizational standards. Operational risks are losses a company may experience due to system, process, or human failures.
Communication is the ability to convey information concisely and clearly. This skill is essential for international bankers to draft reports for executives and speak with clients from various countries. As they may work with clients who aren't citizens of the country their accounts reside in, it's crucial that they convey complex information through written and verbal communication. Communicating effectively can help you build trust with customers and encourage them to continue banking with an institution. You can use this skill to explain the products and services the financial institution offers.
Knowledge of international trade
International bankers generally facilitate international trade transactions by providing services that ensure the exchange of goods and services across borders. They assist clients in getting credit cards in foreign currencies so they can comfortably trade in their local currencies while benefiting from transactions abroad. To do this effectively, international bankers require international trade knowledge to manage a customer's letter of credit and collection bond. It can also help them provide statistics and projections about international investments and trades.
Product appropriation is the process of determining the right financial products and banking services to meet a client's needs. A bank may offer multiple products and services, such as overdrafts, loans, cheque payments, credit consultancy services, foreign currency exchange, debit cards, and online banking, to attract customers. Being familiar with product appropriation practices can help international bankers understand each product's function, identify its benefits, and assess its risks to provide information that may be relevant to clients. It also enables them to answer customers' questions accurately.
Attention to detail
Strong attention to detail is essential for producing complex financial reports and identifying international trends. This ability can help professionals find anomalies and errors in a transaction. It enables them to maintain a high level of accuracy, as minor financial computation mistakes can adversely affect an institution's performance.
Compliance with regulations and standards
International bankers ensure compliance with regulations and standards when performing transactions for clients. They often follow the appropriate policies to acquire financial documents. It's essential that these professionals are familiar with the laws that govern the banking industry and comply with external foreign policies. International bankers usually adhere to internal controls, risk management policies, and operational procedures. With this skill, you can examine letter of credit documents and ensure compliance with their terms and conditions.
Asset management is the process of controlling, planning, and tracking a company's assets. International bankers often use this skill to track clients' financial resources, including savings accounts and mortgages. As international bankers manage loans, skill in asset management is essential to understand clients' finances before they apply for loans.
How to improve international banker skills
Consider the following ways to improve your international banker skills:
1. Get a tertiary education
Consider earning a bachelor's degree in business administration, economics, commerce, or any related field to develop relevant international banker skills. These degrees generally teach you financial analysis, asset management, international trade, and risk assessment skills. You may also acquire a master's degree in international relations, marketing communication, or business analytics to build soft skills, such as communication and attention to detail.
2. Apply for internships
After getting an undergraduate degree, you can apply to financial institutions for internship positions. They involve practical work, allowing you to gain meaningful experience in the role and learn new skills that can advance your career. For example, working alongside other professionals during an internship may improve your customer service and teamwork skills.
3. Obtain relevant certificates
Online or in-person international banker certificate courses usually teach insurance, taxation, auditing, risk management, and financial reporting. You may add certifications to your resume after the education section to help demonstrate your expertise and competencies and show hiring managers where you gained extensive knowledge of financial product regulations and the legal aspects of international banking. Consider researching popular international banker certification programs and applying for them.
International banker skills in the workplace
Here are ways you can use international banker skills in the workplace:
Manage clients' accounts. International bankers use their asset management skills to oversee transactions and open or close a client's account.
Process transactions. As these professionals process transactions for clients, attention to detail and KYC skills can allow them to meet customer needs with accurate cash transactions.
Collaborate with colleagues. As international bankers may work alongside other banking professionals to ensure quality customer service, communication skills can enable them to build good working relationships with colleagues.
Recommend financial services. Through product appropriation, international bankers can recommend and explain banking services to match clients' needs with the best options available.
How to highlight international banker skills
Here are a few ways you can highlight your skills:
International banker skills for a resume
A compelling resume can help you showcase your international banker skills. Ensure you mention both your soft and technical skills, as they're crucial in helping you excel in the role. Consider keeping your skills relevant by checking the requirements of the job description. Create a skill section and list your relevant competencies using bullet points. If possible, you may demonstrate how you used your skills to perform your previous role duties.
International banker skills for a cover letter
You may elaborate and expand on your skills in a cover letter. Here, you can highlight more accomplishments you didn't list on your resume. Discuss how you used your skills to perform specific duties and the benefits you provided to clients. This typically enables you to demonstrate to the employer that you're the best candidate for the role.
International banker skills for a job interview
It's often beneficial to highlight your skills during an interview by providing examples. This can help the employer understand how you may be an asset to the company. Describe how you used a particular skill at your previous workplace and how it helped you meet a client's needs. Consider using storytelling to illustrate the problem you faced and how your international banker skills helped resolve it.
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