Officer Trade Finance Operations

Qatar National Bank (QNB) Riyadh, Saudi Arabia
Posted ‎1 day ago Permanent See description
  The incumbent will perform tasks relating to guarantees in the most
effective and efficient manner resulting in the highest level of
customer service quality and ensuring that the related financial and
operational risks are mitigated.  In addition the incumbent
will process Import and Export Letters of Credit
Role Description
Provide adequate and efficient transactions in relating to the Guarantees to
internal customers and thereby help them serve external customers in a more
efficient manner, resulting in increased external customer satisfaction
levels. Build and maintain strong and effective relationships with all the
other related departments to achieve the Bank 's goals/ objectives.

Process and handle domestic and international bank guarantees with strict
compliance to Bank's policies and procedures and International Chamber of
Commerce rules.

Process transactions for issuing of guarantees, amendment, cancellation,
lodgment of claims and payment within the limit as per the credit policy.
Handle Swifts/ Telexes of transactions relating to bank guarantees.

Prepare periodical reports of issued and outstanding guarantees on behalf of
customers, and Banks and report them to the Head of Guarantees & Bills for
Collection.

Liaise inside and outside the department in order to improve service quality
and for Bank Guarantees services.

Accurately process ordinary transactions relating to advising, amendment and
cancellation of Import and Export Letters of Credit and ensure work
accomplishment in strict compliance with International Chamber of Commerce
Rules and Bank's policies and procedures.

Input transactions for advising, confirmation, amendment and cancellation of
Import and Export Letters of Credit on a timely basis.

Settle value of documents, sight, in same value dates ensuring full funding
coverage with FX, Treasury and Credit Department to avoid loss due to delay of
payment interest.

Advise and add confirmation to certain export letters of credit that include
special terms and conditions such as Oil and Gas transactions.

Advice and request beneficiary bank to add their confirmation to certain
import letters of credit at the request of the opener of the L/C.

Prepare vouchers for commissions, charges and contingent liabilities.

Deal with clients on routine operational issues for advising of Import and
Export Letters of Credit and handling of documents. Dispatch export letters of
credit and related documents to clients and Banks.

Communicate with Banks by Swifts/ Telexes for transactions relating to Import
and Export Letters of Credit. Receive/ Release negotiated documents from/ to
correspondent Banks.

Provide periodical reports of opened and outstanding Import and Export L/C to
the Manager Trade Finance Operations for him to monitor the workflow.

Qualifications
Bachelor Degree in Business, Finance or Accounting.
‎1-‎2 years of experience in Foreign Trade Operations relating to guarantees,
Import and Export Letters of credit.

Thorough understanding of Guarantees concepts.
Experience in loan servicing industry.
Computer proficient and knowledge of MS Office applications, bank and database
applications.
Thorough understanding of letters of credit concepts.
General understanding of lending principles.
High attention to details and ability to multi-task.
High organization skills and ability to work independently using good business
judgment.

Job ID QNB2609