Officer Trade Finance Operations

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia Qatar National Bank (QNB) Full time
Qatar National Bank (QNB) Riyadh, Saudi ArabiaPosted 3 hours 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.

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

  • Officer Trade Finance Operations

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Qatar National Bank (QNB) Full time

    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 CreditRole DescriptionProvide adequate and efficient...

  • Vp - Trade Finance

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Arab Petroleum Investments Corporation Full time

    Scope:Reporting to: Head of Trade Finance UnitProducts and services:Short term transactions (up to one year), funded and unfunded, bilateral, and transactional Commodity financings such as prepayments, preexport financings, inventory financings, warehouse receipt financings, tolling financings, borrowing bases etc. Revolving Credit FacilitiesCommodities:...

  • Trade Finance Advisory Services Associate

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Deutsche Bank Full time

    Trade Finance Advisory Services AssociateLocation: Kingdom of Saudi Arabia, RiyadhFull / Part time: Full time Permanent / Temporary: Permanent contractCorporate Title: AssociateReporting Line to: Vice President, Head of TF Advisory Services KSAStart Date: As soon as possibleCorporate BankAt the heart of Deutsche Bank's client franchise is the Corporate Bank,...

  • Product Specialist – Structured Trade Finance

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Turning Point HR Solutions Full time

    Product Specialist – Structured Trade Finance Develop structured trade finance products, including off-balance sheet solutions for Receivables and InventoryDevelop new trade finance products through working closely with relationship management, legal, compliance, operations, risk, financial control etc to complete the new product approval to achieve...

  • Trade Operations Specialist

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Bunge Iberica SA Full time

    Select how often (in days) to receive an alert: Trade Operations SpecialistDate: May 8, 2024Location: Riyadh, SA, 11564 Location : Riyadh City : Riyadh Requisition Number : 34466 Do you have a few years of experience in Trade Execution, following up on Vessels, and are you looking for a challenging and exciting role in the field of trade operations? Do...

  • Trade Operations Specialist

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Bunge Full time

    Location : RiyadhCity : RiyadhState : Ar Riyāḍ (SA-01)Country : Saudi Arabia (SA)Requisition Number : 34466 Do you have a few years of experience in Trade Execution, following up on Vessels, and are you looking for a challenging and exciting role in the field of trade operations? Do you want to work for a leading global company that connects farmers to...

  • Trade Operations Specialist

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Precision Hire Solution Full time

    Location : Riyadh City : Riyadh State : Ar Riy (SA01) Country : Saudi Arabia (SA) Requisition Number : 34466 Do you have a few years of experience in Trade Execution following up on Vessels and are you looking for a challenging and exciting role in the field of trade operations Do you want to work for a leading global company that connects farmers to...

  • Finance Officer

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Atkins Full time

    Company DescriptionJobs for Humanity is collaborating with Atkins to build an inclusive and just employment ecosystem. We support individuals coming from all walks of life.Company Name: AtkinsJob Opportunity: Finance Officer at AtkinsRéalis Welcome to AtkinsRéalisOur company values diversity and inclusivity, celebrating the unique contributions of...

  • Trade Lifecycle Analyst

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Talent Pal Full time

    Great opportunity for a driven individual who is adaptable and willing to learn the business while supporting the build out of the local operations and technology infrastructure.As a Trade Lifecycle Analyst within Saudi Equities Operations team you will assist in the definition the appropriate operating model technology requirements and business processes...

  • Investment Officer

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia international finance corporation Full time

    International Finance Corporation IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. We operate in over 100 countries, utilizing our capital, expertise, and influence to establish markets and opportunities in developing nations. In the fiscal year 2023, IFC committed a...

  • Finance Analyst – Projects

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Alshaya Full time

    Finance Analyst - Projects & Property - KSA CentralWe source experienced candidates to lead best practice across all head office functions including property, HR, corporate communication, corporate marketing, IT, finance and legal departments and are constantly investing in talent and infrastructure to drive our business forward.As a Financial Analyst you...

  • Sales Operations Officer

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Qatar Airways Full time

    About the roleWe are recruiting for a Sales Operations Officer based in Riyadh, KSA. The Sales Operations Officer will support the Sales Operations Manager in supervising the day to day work of the sales operations team, ensuring adherence with SOPs and meeting of key performance metrics. Collaborate with internal and external stakeholders to develop...

  • Finance Office Clerk

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia American International School - Riyadh Full time

    Finance Office Clerk (Accounts Receivable) // English & Arabic Speaker.The American International School - Riyadh is seeking a qualified Finance Office clerk to begin immediately (January 2023).Finance Office Clerk (Accounts Receivable) Job DescriptionQualifications & Criteria: Bachelor's Degree Required. (Business/Accounting) Minimum of 2years' experience...

  • Senior Officer Finance

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia البنك السعودي الفرنسي Full time

    Development and implementation of Product Accounting related to Corporate Banking Products in line with accepted accounting framework, supplemented with maintenance/update of parameters tables in FAH and other related systems. Rectify any errors or lapse in accounting and prevent their recurrence through updating procedures and necessary system enhancements...

  • Finance Operation Controller

    1 month ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Richemont Full time

    JOB TITLE Finance Operations ControllerREPORTING TO Finance Operations ManagerLOCATION Richemont office, Riyadh, KSA MAIN PURPOSEThe Finance Operations Controller in Richemont KSA is part of the Richemont Finance Department, supporting the Richemont Brands in their internal operations, in a fast-growing environment. KEY RESPONSIBILITIES Establish Finance...

  • Finance Operation Controller

    4 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Richemont Full time

    JOB TITLE Finance Operations ControllerREPORTING TO Finance Operations ManagerLOCATION Richemont office, Riyadh, KSA MAIN PURPOSEThe Finance Operations Controller in Richemont KSA is part of the Richemont Finance Department, supporting the Richemont Brands in their internal operations, in a fast-growing environment. KEY RESPONSIBILITIES Establish Finance...

  • Finance Operation Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Richemont Full time

    Richemont owns some of the world's leading luxury goods Maisons, with particular strengths in jewellery, fine watches and premium accessories. Each Maison represents a proud tradition of style, quality and craftsmanship and Richemont seeks to preserve the heritage and identity of each of its Maisons. At the same time, we are committed to innovation and...

  • Finance Operation Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Richemont Full time

    JOB TITLE Finance Operations ControllerREPORTING TO Finance Operations ManagerLOCATION Richemont office, Riyadh, KSA MAIN PURPOSEThe Finance Operations Controller in Richemont KSA is part of the Richemont Finance Department, supporting the Richemont Brands in their internal operations, in a fast-growing environment. KEY RESPONSIBILITIES Establish Finance...

  • Junior Finance Operations Controller

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia Richemont Full time

    JOB DESCRIPTIONJOB TITLE Junior Finance Operations ControllerREPORTING TO Finance Operations Manager LOCATION Richemont office, Riyadh, KSAMAIN PURPOSE The Junior Finance Operations Controller in Richemont KSA is part of the Richemont Finance Department, supporting the Richemont Brands in their internal operations, in a fast-growing environment. KEY...

  • Trading Analyst

    2 weeks ago

    Riyadh, Ar Riyāḑ, Saudi Arabia EFG Holding Full time

    Purpose: Responsible for the daily processing and execution of trades in KSA.Responsibilities: Responsible for opening new client accounts, and ensure that all related paper work is complete.Receive open validity orders (the orders book) and record them on the trading screen before the beginning of the trading session.Receive and execute any new orders...