Trade Finance Specialist

iHR (International Human Resources); Saudi Arabia; On-site; SAR 40,000 - 80,000; Full time

Job summary

A leading bank in Riyadh is seeking a Trade Finance Officer to oversee trade finance operations, including issuing Letters of Credit and processing SWIFT payments. This role requires a Bachelor's degree and at least 2 years of experience in trade finance. The successful candidate will ensure compliance with international regulations and internal policies while providing essential support between trade finance and IT departments. Join a dynamic team where your expertise will help streamline operations and enhance client relationships in a fast-paced banking environment.

Qualifications

• Minimum of 2 years in trade finance required.
• In-depth knowledge of international trade finance rules and standards.

Responsibilities

• Manage trade finance transactions including LCs and SWIFT payments.
• Ensure compliance with ICC rules and internal controls.
• Coordinate with IT to improve operational workflows.

Skills

Communication Skills

Analytical Skills

Problem-Solving

Trade Finance Operations

Banking Compliance

Education

Bachelor's degree in Accounting

Bachelor's degree in Banking

Bachelor's degree in related field

Job description

Job Title: Trade Finance Officer

Employer: A leading bank based in Riyadh

Qualification: Bachelor's degree in Accounting, Banking, or a related field

Experience: Minimum of 2 years in trade finance

Language: Proficiency in English is required

Job Summary:

The Trade Finance Officer is responsible for managing and executing a wide range of trade finance operations, including issuing and advising Letters of Credit (LCs), handling documentary collections and bank guarantees, and processing SWIFT payments. The role ensures full compliance with the bank's internal policies and relevant international trade finance regulations, while also providing technical and operational support between the Trade Finance and IT departments.

Key Responsibilities:

• Handle and manage trade finance transactions including the issuance of LCs, documentary collections, bank guarantees, and SWIFT payments.
• Ensure all transactions comply with International Chamber of Commerce (ICC) rules (e.g., UCP600, ISBP 821 E, URR725, URC522, URDG758, ISP98) and Incoterms.
• Address and resolve audit observations while ensuring strict adherence to internal controls and compliance policies.
• Coordinate with the IT department to resolve technical issues and improve operational workflows.
• Build and maintain effective professional relationships with clients, correspondent banks, and internal stakeholders.
• Analyze operational issues and provide effective and timely solutions to maintain service quality.
• Stay up to date with changes in trade finance policies and related international regulations.

Required Skills:

• Excellent communication and interpersonal skills.
• Strong analytical and problem-solving abilities.
• In-depth knowledge of trade finance operations.
• Capability to bridge operational and technical gaps between trade and IT departments.
• Solid understanding of internal controls and banking compliance requirements.
• Detailed knowledge of international trade finance rules and standards (e.g., UCP600, URDG, URC, etc.).

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