Trade Finance Officer

International Bank is hiring : Trade Finance Officer

Key Responsibilities

1. Process issuance requests for international guarantees (MT 760) in compliance with URDG 758 and local regulations.

2. Draft and issue guarantee instruments (bid bonds, performance bonds, payment guarantees, retention guarantees) using the bank’s secured paper format templates.

3. Manage amendments, extensions, cancellations, and guarantee calls, ensuring adherence to deadlines and contractual conditions.

4. Monitor expiry dates and handle extensions or reductions as required.

5. Assess risks, consult client credit lines, and verify legal and regulatory compliance for local guarantees.

6. Control commercial documents (contracts, tenders) and ensure compliance with internal procedures and Central Bank regulations.

7. Maintain relationships with corporate clients and correspondent banks.

8. Follow up on commission collections and participate in internal controls and audits.

9. Address pending issues with banks, branches, and relevant departments, ensuring compliance with policies, procedures, and operational risk frameworks.

10. Manage export and import documentary collections in compliance with URC 522.

11. Verify document compliance documents with the instructions sent by the remittance Bank and transmit collections to correspondent banks via SWIFT (MT 410/499/999).

12. Issue collection instructions to the ordering bank and ensure receipt by the presenting bank.

13. Monitor document compliance, record transactions in the system, and track due dates and deferred payments.

15. Manage operational risks, address discrepancies, and ensure adherence to internal and Regulatory procedures.

16. Follow up on collections and outstanding payments to ensure timely resolution.

17. Receive, review, and process client applications for import LC issuance, ensuring compliance with UCP 600, ISBP, and bank policies.

18. Issue LCs via SWIFT (MT 700), handle amendments (MT 707), and inform clients of terms and conditions.

19. Monitor document presentation, discrepancies, acceptance, and settlement.

20. Maintain accurate records, track LC expiries, utilization.

21. Advise on export LCs received from correspondent banks, verifying authenticity and accuracy.

22. Review submitted documents for compliance with LC terms and conditions.

23. Communicate discrepancies to clients and guide them in correcting documents for export transaction.

24. Present compliant documents to issuing banks and follow up for acceptance and payment.

25. Review documents (invoices, transport documents, certificates) for accuracy and compliance with UCP 600 and ISBP.

26. Proactively manage discrepancies and communicate clearly with clients and foreign banks.

27. Advise clients on LC structuring, appropriate terms, conditions, and documentation requirements.

28. Provide ongoing support on trade finance products and best practices, assisting Branch team with applications and understanding international rules (UCP/ISBP).

29. Ensure strict compliance with regulatory requirements, including UCP 600, ISBP, URC 522, anti-money laundering, and internal policies.

30. Prepare periodical statistics and reports as required.

31. Ensure all transactions are completed within time limits.

02-Domiciliation:

1. Receive the domiciliation file from the branch for the purpose to clear it with central Bank of Algeria.

2. Report and handle any irregularities observed with the domiciliation file

3. Ensure that supporting documents comply with regulations

4. Check compliance with import deadlines (typically 12 months for goods unless an extension is granted)

5. Detect anomalies such as invoice mismatches, missing documents, or exceeded deadlines

6. Verify that the payment was achieved to clear the domiciliation file (SWIFT.)

7. Reconcile payment data with customs document (Customs System ALCES)

8. Organize supporting documents based on payment method (letter of credit, documentary collection, simple transfer, etc.)

9. Ensure the clearance in the Bank System as per local regulations deadlines.

10. Report closed transactions to the relevant authorities (Ministry of Commerce, Customs, Bank of Algeria)

11. Monitoring pending/unresolved Domiciliation files.

12. Produce dashboards and clearance reports (monthly clearance, rejected files, late submissions) as per regulations 07-01 and 03-07 instructions.

13. Prepare reports for audits or inspections by the Bank of Algeria

14. Request missing or additional documents from the branch related to importers/exporters transactions.

15. Collaborate with other departments including Branch Staff to resolve any issue they might appear in the domiciliation file (Missing customs document, authorization, Payment) ….

Profil : minimum 04 years experience in Banking Trade Departement.