Senior Trade Finance Officer

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.