• Intesa Sanpaolo Careers | IMI CIB - Trade Operations Job, UAE

    Intesa Sanpaolo Careers | IMI CIB - Trade Operations Job, UAE

    Location: United Arab Emirates

    Job Description

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Oversee and process all aspects (issuance/advising/confirmation/negotiation etc.) of import and export Letters of Credit (confirmed/unconfirmed), reimbursement authorities, assignment of proceeds, Letter of Credit transfers and Documentary Collections.

    • Oversee and process all aspects of bank Guarantees to be issued on behalf of customers or correspondent Banks.

    • Letter of Credit discounting, in coordination with Corporate RM / GB&T desk and Head Office Treasury for relevant funding.

    • Ensure accuracy when issuing/processing any amendments to import, export, reimbursements and transfers of Letters of Credit.

    • Monitor the payment/settlement of LC's payable at sight (import and export), bankers' acceptances (import and export), discounted acceptances, deferred payments (import and export) and reimbursement payments.

    • Schedule, process and monitors all fees referred to LCs, guarantees and collections.

    • In coordination and under the guidance of the Operations Manager, handle in first instance disputes related to Letters of Credits and Contingent Liabilities, and in cases when amicable settlement is not achieved advise the Operations Manager to plan subsequent course of action.

    • Verify procedures and reports; monthly, quarterly and daily proof operations, archive operations and monthly Customer reporting

    Job Requirements

    • Minimum 3-5 years of experience in Trade Finance Department (Operations)

    • Bachelor's degree in Finance, Accounting, Economics, Business Administration (or related fields)

    • English Fluent

    • Knowledge of International Chamber of Commerce publications related to Trade Finance and Guarantees

    • Good knowledge of banking accounting and settlement practices for each product

    • PC literate with good knowledge of Word, Excel and Swift

    • Knowledge of AS400 system applications desirable

    Job Details

    Company: Intesa Sanpaolo

    Employment Type: Full-time

    Job Location: Dubai, United Arab Emirates