Trade Finance Officer job description

About the job

We are looking for a trade finance officer to handle letters of credit and letters of guarantee for the bank's customers accurately, in line with the Central Bank of Libya's instructions and international rules.

Duties and responsibilities

• Receive requests to open letters of credit and check that their documents are complete and meet the Central Bank of Libya's rules
• Issue letters of credit and amendments through SWIFT
• Examine shipping documents against the credit's terms and international rules (UCP 600)
• Issue bid, performance and other guarantees and follow up their extension or release
• Handle documentary collections for imports and exports
• Work with correspondent banks to fund and settle credits on time
• Calculate commissions and cash margins and record them in the accounts
• Screen parties, goods and vessels against sanctions lists and anti-money laundering requirements

Working conditions

• Deadline pressure from shipping dates and letter of credit expiry dates

Requirements

• Bachelor's degree in banking and finance, accounting or business administration
• 3 to 6 years of experience in letters of credit and international trade operations

The years of experience follow the level you choose when posting.

Skills

• Letters of credit
• Letters of guarantee
• UCP 600
• Shipping documents
• SWIFT
• Anti-money laundering
• Business English
• Accuracy

Preferred

• The CDCS certificate for documentary credit specialists
• Knowledge of Incoterms
• Experience in a bank's operations or international trade department