Corporate Banking Analyst
75% skill overlap
To add: Financial markets knowledge
Your role
Transaction Banking Analyst
Full profileYour role
- L3 salary
- Not published yet
- Upcoming dated changes
- 19 changes ahead
What the role does
A transaction banking analyst works on the products that companies use every day to move and manage money and goods: cash management, payments, liquidity pooling, trade finance (letters of credit, guarantees, documentary collections) and supply chain finance. The role prepares client proposals and pricing, supports implementation of accounts and payment channels, analyses transaction flows and revenues, and works with operations, credit and compliance. It relies on payment standards such as SEPA (Single Euro Payments Area), SWIFT and ISO 20022.
Read a day in the life
A day in the life
The analyst often starts by reviewing open client requests: a company wants to add accounts in a new country, another needs a guarantee issued for a tender, a third has a failed bulk payment file. Each request is routed to operations, product or implementation teams, and the analyst follows up. Mid-morning the analyst may prepare a cash management proposal for a prospect, describing account structure, payment and collection channels, liquidity pooling options and fees. This needs input from pricing and from credit if overdraft or intraday limits are involved. After lunch there may be a client call with the relationship manager to discuss migrating payment files to ISO 20022 formats. The afternoon also covers analysis: monthly transaction volumes, revenue by product and client, and trade finance exposures against limits. Compliance checks appear often, for example sanctions screening questions on a letter of credit. The day ends with updates to deal and client records.
Levels
- L1 Starting out
- L2 Independent
- L3 Senior or specialist
- L4 Leads a team or an area
- L5 Leads the function
Full level descriptions and job titles
The EFO level names are the common scale; job titles differ between employers.
| Level | What the work looks like | Typical years | Typical job titles |
|---|---|---|---|
| L1 Starting out | Prepares product data, proposal sections and revenue reports, tracks client requests and learns cash management, payments and trade finance products under supervision. | 0-2 | Banks: Analyst, Junior Analyst, Associate (asset servicing), Trainee, GraduateAsset servicers: Junior, Specialist (entry), Officer |
| L2 Independent | Owns proposals and implementations for a set of clients, is first contact on routine product questions, coordinates operations and credit, and trains new analysts. | 2-5 | Banks: Analyst / Senior Analyst, AssociateAsset servicers: Specialist, Senior Specialist, Senior Officer |
| L3 Senior or specialist | Designs complex cash and liquidity structures or trade finance solutions, handles pricing and exceptions, supports payment migrations and represents the product in projects. | 5-9 | Banks: Senior Associate, AVP, Assistant ManagerAsset servicers: Senior Specialist, Expert, Team Lead (small team) |
| L4 Leads a team or an area | Leads a product or sales team for a client segment, owns revenue and service targets, product controls and client escalations, and manages specialists across product and operations. | 8-14 | Banks: VP, Manager, Senior ManagerAsset servicers: Team Lead, Manager, Head of Section |
| L5 Leads the function | Accountable for transaction banking in a region, sets product strategy, pricing policy and risk appetite with credit and compliance, and represents the business with senior management and clients. | 12+ | Banks: Director, Executive Director, Managing Director, Head of functionAsset servicers: Head of Department, Director |
Skills
Where the skill weights come from
Each role lists its skills with a tier and a weight. The weights of one role add up to 100 percent.
Source: the EFO role catalogue, built from the ESCO classification and reviewed by the editors.
The percentage is the skill's share of the role; the bars are drawn relative to the anchor skill, which is shown full.
Critical
- Cash management and transaction banking productsWeight 12.7%Relevant to you
- Payment systems and messaging (SWIFT, ISO 20022, SEPA, ACH, UPI)Weight 8.5%Relevant to you
- Treasury and cash flow managementWeight 8.5%Relevant to you
- Trade finance instruments (letters of credit, guarantees, collections)Weight 8.5%Relevant to you
- Credit analysis and creditworthinessWeight 8.5%Relevant to you
Important and supporting skills 18
Important
- Reading client needs and dynamicsWeight 4.3%Relevant to you
- Commercial negotiationWeight 4.3%Relevant to you
- Account management and renewalsWeight 4.3%Relevant to you
- Correspondent banking and financial institutions coverageWeight 4.3%Relevant to you
- Advanced Microsoft ExcelWeight 4.3%Relevant to you
- Verbal communication and presentingWeight 4.3%Relevant to you
- Anti-money laundering regulationWeight 4.3%Relevant to you
- Commercial acumen and business senseWeight 4.3%Relevant to you
- FX risk and hedging instrumentsWeight 4.3%Relevant to you
Supporting
- Know your customer due diligenceWeight 2.1%Relevant to you
- Professional written communicationWeight 2.1%Relevant to you
- Client service mindsetWeight 2.1%Relevant to you
- Risk judgment and escalation instinctWeight 2.1%Relevant to you
- Financial statement analysis and ratiosWeight 2.1%Relevant to you
- Building a commercial proposalWeight 2.1%Relevant to you
Useful
- Querying data with SQLWeight 0.7%Relevant to you
- Conduct and investor protection rules (MiFID II, FINRA, SEBI)Weight 0.7%Relevant to you
- Persuasion and influenceWeight 0.7%Relevant to you
Processes
The work the role takes part in.
What each process covers
- Credit risk and lending decisionsMain
- Payments processingMain
- Trade financeMain
- Treasury and cash managementMain
- AML transaction monitoringSupporting
Where the role concentrates
How AI is changing the role
Document checking in trade finance, payment repair, sanctions screening triage and routine client queries are being automated with optical character recognition, rules engines and AI models.
Read the full assessment
Document checking in trade finance, payment repair, sanctions screening triage and routine client queries are being automated with optical character recognition, rules engines and AI models. The European Banking Authority reports banks using AI in operations and fraud and anti-money laundering processes. Richer ISO 20022 payment data creates new analytics for cash forecasting. Value moves to designing client structures, explaining options to treasurers, handling exceptions and judging risk on unusual transactions. The World Economic Forum Future of Jobs Report 2025 highlights technological literacy and service orientation as growing skills.
Dated changes for this role
- Swiss SIC participants must receive instant paymentsRelevant to you
- Second Consumer Credit Directive appliesRelevant to you
- TARGET Services November 2026 releases moved to 28 November 2026Relevant to you
- Digital euro regulation in final negotiationsRelevant to you
- Legal tender of euro cash regulation in negotiationsRelevant to you
Worth knowing
Salary snapshot
Salary figures are not published yet
The L3 salary range for this role, with its sources, will appear here when the salaries section opens.
Certifications
- CFA Program Level I
- ACCA Qualification
Concepts to know
Neighbouring roles
Roles that need many of the same skills, by weighted skill overlap, with the skills you would need to add.
Relationship Manager (Corporate & Business Banking)
75% skill overlap
To add: Financial markets knowledge
Your role
Trade Finance Analyst
65% skill overlap
To add: Logistics, transport and incoterms, Financial markets knowledge
Your role
Payments & Cash Management Sales (Financial Institutions)
60% skill overlap
To add: Prospecting and qualification, Stakeholder management, Payments and cards products (schemes, chargebacks, PSD2, open banking)
Your role
Transaction Banking Sales (Cash Management)
60% skill overlap
To add: Prospecting and qualification, Stakeholder management, Payments and cards products (schemes, chargebacks, PSD2, open banking)
Your role
Project Finance Analyst
57% skill overlap
To add: Project and infrastructure finance, Investment appraisal (NPV, IRR), Three-statement financial modelling
Your role
Do this job? Suggest a correction
Sources
Supply chain finance (reverse factoring)Supply chain finance, also called reverse factoring or payables finance, is an arrangement in which a bank pays a buyer's suppliers early, at a discount, on invoices the buyer has approved, while the buyer pays the bank on the original or a later due date. Since 2024, IFRS requires companies to disclose such supplier finance arrangements.
SEPA (Single Euro Payments Area)The Single Euro Payments Area (SEPA) is the area in which people, companies and public bodies make and receive euro credit transfers, instant payments and direct debits under the same rules, whether domestic or cross-border. It covers the EU, the European Economic Area and several other European countries, and rests on European Payments Council schemes and the SEPA Regulation.
Swift (network)Swift is a cooperative, owned by its member institutions, that runs a secure messaging network for payment, securities and trade messages between banks and other institutions worldwide. Swift carries instructions only: it holds no accounts, and the money settles on the books of banks or in central bank systems. Members must meet its Customer Security Programme controls.
ISO 20022ISO 20022 is the international standard for financial messages, built from a common business dictionary and usually expressed in XML. Payment messages are grouped as pain (customer to bank), pacs (bank to bank) and camt (cash management, such as statements). It is the format of SEPA, T2, CHAPS and Swift cross-border payments.
Sanctions screeningSanctions screening is the control that compares customers, related parties and payment data against sanctions lists, such as the EU consolidated list and UN lists, to stop dealings with designated persons or prohibited activities. It runs at onboarding, on list updates and in real time on payments.
Letter of credit (documentary credit)A letter of credit, also called a documentary credit, is a bank's undertaking to pay a seller a stated amount if the seller presents documents that comply with the credit's terms. It replaces the buyer's credit risk with a bank's and is usually subject to the ICC rules UCP 600. A confirmed credit adds a second bank's undertaking.
Payment repairPayment repair is the manual or rule-based correction of a payment that cannot be processed automatically, for example because of a missing or invalid IBAN, BIC, name or address. Banks often charge a repair fee, and the share of payments needing repair is a measure of data quality and of straight-through processing.
Cash forecastingCash forecasting is the estimate of future cash inflows and outflows of a company or bank, by currency and entity, over horizons from the same day to a year or more. It drives funding, investment and hedging decisions and the size of liquidity buffers. Short-term forecasts use bank statements and payables; longer ones build on budgets.