Job Summary
The Trade Finance Officer performs a variety of complex technical and analytical functions related to trade financing and servicing. The role includes preparing and reviewing trade finance documents/applications for bank and regulatory compliance and acceptability of terms and conditions. Negotiates standard Trade Finance Instruments (LCs and BGs) for final issuance and settlement
Job Responsibilities 1
Oversee and manage trade finance operations, including letters of credit, documentary collections, and trade finance facilities, to facilitate international trade transactions.
Ensure compliance with regulatory requirements, banking policies, and international trade regulations, including UCP 600, Incoterms, and OFAC sanctions, to mitigate risks and safeguard the bank's interests.
Manage relationships with corporate clients, correspondent banks, and trade service providers to facilitate efficient trade finance transactions and address client needs and inquiries.
Provide guidance and support to junior trade finance staff, conducting training sessions, and mentoring them to develop their skills and expertise in trade finance operations.
Review trade finance documentation, including letters of credit, guarantees, and trade finance contracts, to ensure accuracy, completeness, and compliance with banking standards and legal requirements.
Collaborate with internal departments such as compliance, legal, and credit risk management to assess and mitigate risks associated with trade finance transactions.
Monitor trade finance transactions, tracking transactional documents and funds flows, and resolving discrepancies or issues in a timely and efficient manner.
Analyze market trends, industry developments, and client needs to identify opportunities for expanding trade finance services and enhancing customer satisfaction.
Prepare reports, presentations, and performance metrics related to trade finance activities to support management decision-making and strategic planning.
Represent the bank at industry events, conferences, and networking functions to build relationships, promote trade finance services, and stay informed about industry developments and best practices.
Job Responsibilities 2
Additional Responsibilities 3
Job Knowledge & Skills
Possess comprehensive knowledge of international trade finance products, including letters of credit, trade finance facilities, and documentary collections, as well as understanding of relevant regulations and industry practices.
Strong analytical skills are essential for evaluating trade finance documentation, assessing credit risk, and identifying potential issues or discrepancies in trade transactions.
Excellent communication and interpersonal skills are necessary for effectively liaising with clients, banks, and other stakeholders involved in trade finance transactions, facilitating smooth communication and resolution of issues.
Attention to detail is crucial for reviewing trade finance documentation, ensuring accuracy, completeness, and compliance with regulatory requirements and banking standards.
Problem-solving abilities are valuable for resolving complex trade finance issues, managing disputes, and finding creative solutions to meet client needs while mitigating risks for the bank.
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Job Experience
Minimum 5 year(s) working experience, 3 year(s) relevant working experience, 2 year (s) GCC is a plus
Competencies
ResilienceQualityLeadershipCompliance Management L2Accounts Payable L2Banking Relationships L2Letters of Credit L2AgilityTreasury Systems L2Education
Bachelor's Degree in Accounting or any related fieldProfessional Qualification in Certified Management Accountant (CMA)