Trade Finance Processing Specialist
4 days ago
Title: Trade Finance Process Analyst
Description: We are seeking a highly skilled and detail-oriented Trade Finance Processing Specialist with expertise in Bank guarantees & SBLC to join our Trade Finance Operations team. The ideal candidate will have a minimum of 2 years of experience in trade finance processing, particularly in handling bank guarantees & SBLC, and a strong understanding of international trade practices, banking regulations, and documentation requirements.
The successful candidate will be responsible for the end-to-end processing of bank guarantees & SBLC, ensuring accuracy, compliance, and timely execution while maintaining strong relationships with internal and external stakeholders.
Key Responsibilities
- Bank Guarantee Processing:
- Prepare, review, and process bank guarantee & SBLC applications in compliance with bank policies, regulatory requirements, and international trade standards.
- Verify the accuracy of documentation, including terms and conditions, beneficiary details, and guarantee amounts.
- Ensure timely issuance, amendment, and cancellation of bank guarantees & SBLC.
- Documentation and Compliance:
- Maintain accurate records of all bank guarantee transactions.
- Ensure compliance with internal policies, anti-money laundering (AML) regulations, and Know Your Customer (KYC) requirements.
- Ensure awareness and full compliance of URDG and ISP guidelines.
- Collaborate with the compliance and legal teams to resolve any discrepancies or issues.
- Stakeholder Management:
- Liaise with clients, relationship managers, and other internal departments to address queries and provide updates on bank guarantee status.
- Coordinate with correspondent banks and external parties to facilitate smooth processing.
- Identify and mitigate risks associated with bank guarantee transactions.
- Monitor and report on outstanding guarantees, ensuring timely renewals or cancellations.
- Process Improvement:
- Identify opportunities to streamline processes and improve efficiency in bank guarantee processing.
- Stay updated on industry trends, regulatory changes, and best practices in trade finance.
Key Qualifications:
- Preferably holds a bachelor's degree in Banking & Finance, Business Administration, or a related field.
- Requires a minimum of 2-3 years of experience in trade finance operations, particularly in bank guarantees and SBLC.
- Should be familiar with trade finance instruments, international trade practices, and banking regulations.
- Must demonstrate strong attention to detail and accuracy in documentation processing.
- Excellent communication and interpersonal skills are essential.
- Proficiency in trade finance software and the Microsoft Office Suite (Excel, Word, Outlook) is required.
- Ability to work effectively under pressure and meet tight deadlines is necessary.
- Strong analytical and problem-solving skills are also important.
- Certification in Trade Finance (e.g., Certified Trade Finance Professional (CTFP) or Certified Documentary Credit Specialist (CDCS) is a plus.
Seniority level: Associate
Employment type: Full-time
Job function: Finance
Industries: Banking
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