Trade Finance Officer
Trade Finance Officer
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
VACANCY ANNOUNCEMENT
Tirana Bank is the first privately owned bank in Albania. It was founded in 1996 and since then there has been a great development spreading its branches throughout Albania. Today Tirana Bank is well positioned in the market offering a wide range of products and services that respond well to the demands of its customers. Tirana Bank has 33 branches in most major cities and industrial zones and has a large ATM network throughout Albania. Tirana Bank continues to grow and expand while rigorously retaining its philosophy of providing quality products and services by being the frontrunner in innovative banking solutions in Albania.
Balkan Finance Investment Group BALFIN Group is one of the most significant and successful investment groups in the Western Balkans region. Geographically BALFIN Group is present in Austria Albania Kosovo Bosnia and Herzegovina North Macedonia Montenegro Switzerland Croatia the Netherlands and USA employing approximately 5000 people. The activities of BALFIN Group comprise real estate wholesale and retail banking asset management media education and logistics. BALFIN Group is growing steadily having a positive impact on the communities through economic development employment opportunities innovation and social investment.
We are seeking to welcome a qualified Trade Finance Officer (Band 4T) to join our Corporate and SME Division reporting directly to the Trade Finance Product Owner.
Overall Job Definition
Trade Finance Officer assists in development of trade finance related business (Letters of Credit Bank Guarantees and Documentary Collection) with strong emphasis on crossselling development and maintenance of profitable business relationships within the designated corporate & SME customer portfolio. Structures negotiates and drafts all the trade finance deals in close collaboration with the Trade Finance Product Owner.
Main Responsibilities:
- Assists in structuring Trade Finance Transactions from negotiation phase advising of clients drafting offering tailor made solutions based on the underlying relationship between parties that best fit client s needs
- Ensures high standard application of ICC Paris Rules and international standard banking practices
- Collaborates with all structures in the bank in regards to L/C BG and DC activity to improve the workflow efficiency
- Evaluates the client underlying contracts terms which form the basis of transactions and the terms and conditions of the required instruments (Letters of Credit Bank Guarantees and Documentary Collections)
- Prepares the texts of BGs/LCs as well as amendment texts if applicable
- Negotiates the terms and conditions in collaboration with team members
- Assists in selection of the financial operations execution channels considering the risk exposure and the compliance with ICC Paris rules and internal bank regulations and procedures
- Negotiates with correspondent banks for texts structure terms and pricing regarding confirmed L/Cs or indirect BGs
- Collaborates closely with the Legal Department regarding nonstandard texts of bank guarantees or other issues that may arise in order to protect the interests of the bank and the client
- Collaborates with the Compliance Department prior to the issuance of all import Letters of Credit and international Bank Guarantees regarding the details of the transactions as well as in other cases when it is needed regarding trade finance products
- Collaborates closely with Trade Finance Unit under Loan Administration Department to ensure efficiency of the workflow for the issuance of trade finance transactions and their successful follow up until their payment or closure
Prepares and revises Internal Procedures and Regulations on Trade Finance instruments in collaboration with Trade Finance Product Owner
- Studies continuously standard terms and conditions published for trade finance products comparing them with the market
- Assists in preparation of commercial offers in regards to pricing & structure in collaboration with team members
Performs cost benefit & risk analysis in order to negotiate pricing to optimize Trade Finance Products & services profitability
Assists Relationship Managers in identifying Trade Finance sales opportunities in his/her clients Portfolios
Assists in tracking sales records and in monitoring product usage and system operations for trade finance products
Controls and monitors that commissions of the trade finance products are applied correctly and in time by Trade Finance Unit under Loan Administration Department
Collaborates closely with MIS and other related departments to generate different reports regarding trade finance instruments
Follows up and continuously studies changes on International Trade Finance Instruments rules of ICC Paris
Requirements
Competencies / Skills:
Very good communication skills with clients and colleagues
Capability to work in a team under pressure and eager to learn
Ability to work under deadlines
Be accurate detail oriented and efficient problem solving skills
Excellent knowledge of MS Office programs (word excel)
Excellent knowledge of written and spoken English language
Knowledge of Trade Finance products and International Rules of ICC Paris and international standard banking practices for trade finance products would be considered an advantage
Bachelor s Degree in Economy or Law master s Degree is considered a plus
Previous working experience in Business Lending Processes and/or Trade Finance activity in the Bank would be considered an advantage
The interested candidates can send their CV until 08th of November 10th 2024.
Please note that only applicants who fulfil the abovementioned criteria will be contacted.
Your personal data which are sent voluntary as a response to this job vacancy announcement are collected and processed manually and/or electronically by Tirana Bank SA in order to evaluate your compatibility with this job vacancy are accessed only by authorized persons of the Bank and will be stored until the finalization of the candidate selection process. The subjects of personal data can exercise their rights as provided by Law No. 9887 dated on 10/03/2008 For the Personal Data Protection amended at Tirana Bank SA as well as at the Commissioner for the Right of Information and Protection of Personal Data.
Employment Type
Full Time
Company Industry
Financial Services / Insurance Agencies and Brokerages / Investment Banking
