Trade Finance Assistant | Doha Bank Careers

Doha Bank

If You are Looking for Jobs in Kuwait City, Check out this Trade Finance Assistant Job vacancy in Kuwait City.

Your main responsibilities in this role include the following:

  • Perform all operational activities as assigned by the Assistant Manager – TFD, in compliance with local regulations, and approved TF policies and procedures.
  • Receive and check the duly filled LG/LC application forms and inward/outward collection documents from customers/corresponding banks (as applicable) for the correctness of details against the terms and conditions.
  • Ensure that the clauses stated in the applications/covering letter don’t conflict with the regulatory guidelines related to the Letter of Credit/Guarantee.
  • Initiate the lodging process by inputting necessary data onto the system along with commission/ charges, as applicable, in line with the request raised by the customer/corresponding bank and regulatory guidelines.
  • Prepare the LC/LG documents as per the prescribed format for approval from the relevant authorities.
  • Initiate the processing of applications by inputting LC data into the system along with commission/ charges, as applicable, post-approval from the relevant authorities.
  • Prepare request letters addressed to the insurance companies on behalf of customers for insuring letters of credit, in line with the terms and conditions of the trade.
  • Prepare amendment instructions, and related SWIFT messages/mail confirmation, and compute the charges related to the commission, and liability, as directed by the Senior LC Officer.
  • Receive applicant’s instructions on the prescribed form, generate transaction application, and liaise with the RMs to obtain necessary approvals from the approving authority for initiating amendments.
  • Liaise /follow up with the applicants and/ or beneficiaries on matters related to the extension/amendments/expiry of LGs, as applicable.