As trade finance officer you are responsible for handling Letters of Credit, stand-by letters of credit and guarantees, risk management and risk mitigation. You are the bridge and focal point between financial operations team and our banks where you monitor and ensure a smooth execution of our deals.
The responsibilities are:
- Reviewing, managing, structuring and the processing of documentary credits, stand-by letters of credit, bank guarantees and collections
- Work closely together with the team to resolve issues, standardize processes, undertake initiative for process and system improvements to foster a culture of collaboration
- Document examination: reviewing trade documents for compliance with letters of credit and applicable rules and conditions
- Actively support financial ops and the team by sharing knowledge to enhance their skills and performance
- Liaise with financial ops, banks and internal stakeholders such as legal and credit, establish and maintain relations
- Handling of bilateral OTC - Over The Counter - margining activities
- Identify, flag, mitigate and monitor risks
- Prepare reports, process and analyse data, run annual audit files.
- Booking of costs related to trade finance instruments
- Stays updated on changes in trade finance regulations, best practices and industry guidelines, including UCP, URDG, ISP98 etc.