Trade Finance Specialist

Key Responsibilities

• An employee should manage all aspects of trade finance transactions, including Letters of Credit (L/C), Standby Letters of Credit (SBLC), guarantees, documentary collections, and supply chain finance.
• Must ensure all the transactions are accurate according to the international trade rules, such as UCP 600, URC 522, URR 725, ISBP, and UAE regulations, to minimize operational risks and ensure all trade finance transactions meet regulatory requirements.
• Manage loan and facility drawdowns, rollovers, repayments, and interest schedules. Ensure the process and documents are accurate for each transaction and meet the operational standards of UAE banking.
• Maintain strong, healthy relationships with corporate clients by providing them with expert advice, solutions, and understanding their specific requirements. Prioritize client satisfaction while supporting efficient international trade operations.
• Ensure strict compliance with AML (a), KYC, sanctions, and other regulatory requirements in all trade finance activities, mitigating operational, financial, and regulatory risks while maintaining transparency and integrity across transactions.
• Conduct in-depth review and verification of trade finance documents, monitor and address operational risks appropriately, liaise with other departments, and provide precise reports to enable efficient decision-making and transaction processing.
• Also, stay updated with the regulatory changes in the UAE and other international trade finance regulations, which include the interpretation of their implications on day-to-day business, making appropriate adjustments accordingly.

Requirements

• A candidate should have a Bachelor’s degree in Finance, Banking, Commerce, Business Administration, and having a diploma in banking, like CDCS, is a plus point.
• The candidate should have a minimum of 5-7 years of experience in trade finance operations, while 8-10+ years of experience is required for senior roles.
• Knowledgeable in Letters of Credit (LCs), Standby Letters of Credit (SBLC), UCP600, ISBP745, ISP98, URDG758, URR725, URC522, and UAE regulations.
• A candidate should have the ability to pay attention to details and be proficient in analysis, negotiation, problem-solving, and coordination with clients and management.
• The candidate should be knowledgeable in trade finance platforms and have MS Office skills in Excel and Outlook.
• The candidate should be proficient in trade finance-related products and should be able to deliver results in terms of deadlines.