Banking & Trade Operations Officer

Nathan HR Human Resources; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

A multinational group in Riyadh is seeking a Banking & Trade Operations Officer with over 5 years of experience in trade finance. This role requires expertise in banking operations and compliance, with fluent Arabic being mandatory. The successful candidate will manage documentation for Letters of Credit and liaise with banks to ensure smooth operations. This is a pivotal role in ensuring banking compliance and supporting internal decision-making.

Qualifications

• 5+ years of experience in trade finance or banking operations.
• Strong understanding of KYC and compliance standards.
• Hands-on experience with LCs and trade documentation.

Responsibilities

• Prepare and review documents for Letters of Credit.
• Manage opening and closure of new bank accounts.
• Coordinate with internal teams and external banking partners.

Skills

Trade finance

Banking operations

Compliance

Fluent in Arabic

Education

Bachelor's degree in Finance or Business Administration

Job description

About the job Banking & Trade Operations Officer

We are hiring for a multinational group with over decades of success across construction, hospitality, energy, airports, and logistics. They are known for delivering major infrastructure projects on time and within budget. They are now expanding in Saudi Arabia and looking to hire a Banking & Trade Operations Officer for their Riyadh office.

Job Summary:

A solid background in Banking operations, Credit Products - Term Loans, Syndicated Facilities, Project Finance, Trade Finance related products - Guarantees and Letters of Credit (LCs)), and deposits. This role is pivotal in ensuring smooth coordination with banks, supporting internal decision-making, and ensuring compliance with banking and trade documentation standards.

Requirements:

5+ years of experience in trade finance, banking operations, or treasury roles, with 2+ years of Saudi experience.

• Hands-on experience with LCs, guarantees, syndicated facilities, project finance, and related documentation.
• Proven track record in either banking institutions or corporate finance teams handling banking operations.
• Strong understanding of KYC, compliance, and banking communications.
• Fluent in Arabic (spoken and written) mandatory.
• Available for immediate or short-notice joining.
• Bachelor's degree in Finance, Business Administration, or a related field.

Key Responsibilities:

• Letters of Credit (LC):
• Prepare, draft, and review all documents related to the opening and amendment of Letters of Credit.
• Liaise with banks and suppliers to ensure timely issuance and compliance of LCs.
• Monitor the status of LCs and provide internal updates on delivery and payment timelines.
• Apply, Amendments, follow all type of guarantees, Reducing Advance guarantees in timely manner, follow up Retentions and Retentions Bonds.
• Banking Operations:
• Manage the opening and closure of new bank accounts for the company.
• Ensure timely submission of KYC and compliance documentation to banks.
• Serve as the primary point of contact for all banking-related communications.
• Track and manage fund transfers, guarantees, and trade transactions with banks.
• Documentation & Coordination:
• Review, validate, and organize all trade and bank-related documents.
• Ensure proper filing and safekeeping of all banking correspondence.
• Coordinate with internal teams and external banking partners to ensure smooth workflows.
• Advisory Support:
• Provide insights and guidance to management on banking procedures and best practices.
• Assist management in making informed decisions on trade and banking-related matters.