As a Guarantees and Documentary Business Junior Officer you will ensure the accurate, compliant, and efficient handling of bank guarantees, Letters of Credit and Documentary Collection while supporting business growth. You will contribute to delivering reliable trade finance services by ensuring transactions are processed in line with regulatory and internal standards. Through this, you will enhance client trust, operational quality, and overall service efficiency.
Key Responsibilities:
- Junior Specialist of Guarantees and Documentary Business is responsible under the close supervision of the Senior Specialist for Domestic and International Bank Guarantees, Import /Export Letter of Credits and Import/Export Documentary Collections.
- Review guarantee, Letters of Credit and Documentary Collection applications and supporting documents minimizing operational risks.
- Prepare bank guarantees, Letters of Credit and Documentary Collection ensuring accuracy of instruments.
- Input and maintain guarantee data in available systems ensuring completeness and data integrity.
- Coordinate with Relationship Managers and clients ensuring timely execution of transactions.
- Follows in continuance under close monitoring of the Senior Specialist of Guarantees and Documentary Business the progress of the Letter of Credit, Bank Guarantee and the Documentary Collection from the opening to the successful closure of the financial operation, assuring applying the existing procedures and terms and conditions.
- Examine the documents presented under the Letters of Credit / Documentary Collection/Bank guarantees from other banks by Courier or by RBAL’s clients, ensuring the compliance with the predetermined conditions and respective rules of International Chamber of Commerce subject to which is the instrument issued.
- Assures registration of Letter of Credit, Bank Guarantee and Documentary Collection and evidence report to ensure accurate documentation tracking.
- Ensures the opening and maintenance of a specific file for each opened transaction based on internal procedure up to their final archiving.
- Archive completed transactions to preserve records in line with internal policies.
- Support reporting on guarantees portfolio status enabling better risk and business decisions.
- Prepares the claim under Bank Guarantee evidence report for proper update.
- Assures registration of Letter of Credit, Bank Guarantee and Documentary Collection and evidence report to ensure accurate documentation tracking.
- Prepares transactions as per internal policies ensuring full compliance.
- Perform sanctions and AML checks on guarantee, LC and DC transactions mitigating risks.
- Takes care that transactions are in conformity with the requirements of the relevant ICC publications covering Letter of Credit, Demand Guarantees and Documentary Collections, with internal rules and procedures of RBAL .
- Respond to client and internal queries on guarantees ensuring timely and accurate communication.
- Provide guidance on documentation requirements improving process efficiency and client experience.
Education, experience & qualifications:
- University degree in Economics or Related Fields/ master’s degree is an advantage;
- At least 1 year of experience in Banking sector;
- Very good communication skills;
- Very good critical thinking;
- Very good analytical skills and attention to details;
- Very good organizational skills, able to work under pressure;
- Excellent knowledge of English language;
- High level of responsibility;
- Very good knowledge of MS Office.
