Letter of Guarantee & Trade Quality Manager

Khobar, Saudi Arabia Posted 2023/11/08 10:55:41 Expires 2024-01-07 Ref: JB1100041012

Job Description



  • To carry out the role of a Unit Head within the Trade Finance Department and report directly to the Wholesale operations Head.



  • To effectively process Trade Finance products to ensure and exercise extreme care whilst processing the clients/bank requests in an efficient and precise manner.



  • To ensure that the banks records are maintained in a professional manner, thereby collecting the appropriate commissions and other charges thereof.



  • To ensure that work is processed in a timely manner and professional manner abiding by the UCP rules and regulations.



  • To coordinate and maintain good relationship amongst the Trade Finance staff and with other department of the bank for smooth processing.



  • To process all activities assigned to him in a precise and professional manner and provide necessary assistance and coverage as and when required.



  • To maintain accuracy at all times to eliminate any losses that may occur due to negligence.



  • To go by the banks GIBMAN policies and procedures.



  • To work as a team member being flexible and assist whenever necessary as per the department’s requirement.



  • To ensure that the proof is scrutinized and prepared for submission in a timely manner input of information into the banking system (UBS and Eximbill)



  • To ensure that the AML policies are adhered to at all times.



  • To adhere to compliance issues in safe guarding the banks interest and eliminating any possible risk.



  • To participate in any task or project assigned to you that requires your assistance and ensure completion in meeting the deadline.



  • To manage the overall processing for all GIB branches



  • Ensure compliance with overall operational procedures, rules and regulations and any other directions issued by the Senior Management



  • To co-ordinate and professionally attend to staff matters, as and when required in order to maintain an efficient level of cooperation within the Unit.



  • Identify training needs for his staff and provide essential training opportunities in coordination with the Unit Head.



  • To act as a holder of the required external signing power for his section and other operations units where necessary.



  • Ensure that all transactions are correctly recorded In EXIMBILLS and downloaded to UBS Banking System and that any adjustment entries are properly approved.



  • Maintain close control over the daily report to ascertain that the necessary actions for various events are carried out in a timely manner.



  • Ensure that commissions and other income are correctly calculated and collected on due dates accordingly



  • Ensure that all transactions are booked under available credit limits and within the approved FM



  • Ensure that reconciliation tickets are promptly investigated and cleared in a timely manner



Ensure that all month-end accounting entries related to his section are booked in a timely manner



  • In the event of non-receipt of funds, ensure that the necessary follow-ups and non-payment reports (if any) are initiated and dispatched promptly.



  • Ensure that the Customer Audit Requests are checked, initialed by an Officer and delivered to Internal Controls Department within the deadlines.



  • Review all month-end departmental proofs, ensuring they are accurately checked and delivered to the Internal Controls Department within the deadlines.



  • Ensure that operational, accounting and record keeping procedures are maintained in line with the established policies and regulations.



  • Ensure compliance with overall operational procedures, rules and regulations and any other directions issued by the Senior Management.



  • Perform duties that are normally assigned by the Department Head or Head of Operations, ensuring they are carried out in a competent and professional manner.



  • To effectively monitor the processing function of all day-to-day matters concerning All GIB branches processing.



  • To maintain good relationship and co-operation with all staff for smoothening the workflow.



  • To provide necessary assistance to other staff members within the Department as and when the need may arise.







  • In depth knowledge of trade finance products and operations



  • Good understanding of the universal practices and international chamber of commerce rules like (URR 752 URC 522, UCP 600 URDG 758)



  • Thorough knowledge of Central Bank and other applicable rules and regulations



  • Thorough understanding of managing risks in trade finance operations



Must be adept in use of MS Office 2000 or later, particularly Excel and Word, and Internet and email

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Job Details

Job Location Khobar, Saudi Arabia
Job Role Accounting/Banking/Finance
Employment Type Direct Employee
Number of Vacancies 1

Preferred Candidate

Career Level Mid Career

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