Trade Finance Operations Specialist

Rakbank; Dubai; On-site; AED 180,000 - 240,000; Full time

Benefits offered by this job

Medical coverage

Life insurance

Career growth

Performance pay

Diversity & inclusion

Job summary

RAKBANK in Dubai invites an experienced Trade Finance Officer to ensure efficient processing and compliance with bank policies, regulatory requirements, and international trade standards.

You will handle Letters of Credit, guarantees, documentary collections, and related amendments while coordinating with customers and banks to deliver exceptional service. A strong focus on risk management and process improvement is required.

Qualifications

• Bachelor's degree or equivalent in Finance, Banking, Commerce, or Business Administration.
• 3–5 years of experience in Trade Finance Operations within a banking/financial services environment.
• Strong understanding of funded and non-funded Trade Finance products and transaction processing.
• Working knowledge of international trade practices, SWIFT messaging, and trade finance systems.

Responsibilities

• Process Trade Finance transactions including Letters of Credit (Import & Export), Bank Guarantees, Documentary Collections, Shipping Guarantees, Trust Receipts, and related amendments.
• Review trade documents to ensure compliance with approved facilities, internal policies, regulatory requirements, and international trade rules.
• Ensure accurate and timely processing of transactions in line with service levels and operational standards.
• Verify customer instructions and supporting documentation prior to transaction execution.
• Monitor transaction maturities, outstanding obligations, and pending cases for timely action and resolution.
• Liaise with customers, correspondent banks, and internal stakeholders to resolve trade-related queries and discrepancies.
• Support settlement and funding activities related to trade finance transactions.
• Maintain accurate transaction records and proper documentation, filing, and archival per audit requirements.
• Ensure adherence to UCP 600, URDG, ISP98, ICC guidelines, AML procedures, sanctions screening, and internal compliance standards.
• Identify, escrow, and assist in mitigating operational, transactional, and compliance risks.
• Support internal and external audit reviews with complete and accurate information within required timelines.
• Contribute to continuous process improvement to enhance efficiency, customer experience, and productivity.
• Ensure operations focus on risk management, service excellence, and regulatory compliance.

Skills

Trade Finance Operations

International trade products

SWIFT messaging

Regulatory compliance

Risk controls

Stakeholder management

Attention to detail

Analytical skills

Teamwork

Time management

Customer service

Process improvement

Banking applications

Microsoft Office

Education

Bachelor's degree in Finance/Banking/Commerce/Business Administration

Tools

SWIFT messaging

Banking applications

Microsoft Office

Job description

RAKBANK in Dubai invites an experienced Trade Finance Officer to ensure efficient processing and compliance with bank policies, regulatory requirements, and international trade standards.

You will handle Letters of Credit, guarantees, documentary collections, and related amendments while coordinating with customers and banks to deliver exceptional service. A strong focus on risk management and process improvement is required.