Associate Trade Finance

Role Purpose

To handle Trade Finance, Loans and Escrow transactions/activities and work closely with the line manager to develop trade finance and Escrow proposition for Mbank that aligns with the company's overall business strategy. This includes identifying areas of growth, assessing risks, developing plans and ensuring smooth operations to achieve business goals.

Job Objectives

To deal with the Trade Finance, Loans and Escrow operations of the organization by ensuring efficient processing of trade finance transactions, compliance with international trade regulations, and delivery of superior client service. The objective is to support business growth by structuring trade solutions, mitigating risks, and optimizing working capital for clients, while maintaining strong relationships with internal stakeholders, correspondent banks, regulatory bodies and external outsourced parties.

Key Responsibilities:

• Process & handle trade finance function of Mbank, ensuring that trade finance/Loan/Escrow transactions and other activities are processed efficiently, effectively, and in compliance with regulatory requirements and internal policies.
• Provide maximum & necessary technical support to the BU's relationship teams through sales materials, sales drives etc. to ensure sustainable growth of Trade funded and non-funded income numbers, Loans and Escrow operations.
• Regularly identify, measure, monitor and control the overall operations and levels of risks in Trade Finance, Loans and Escrow operations.
• Support in development of policies and procedures for structured Trade finance products, Loans and Escrow Accounts that have been customized for use by the various business units.
• To handle constructive testing performed at UAT Level before any product gets deployed in the Production. Ensure continuous improvement and upgradation of existing systems by reviewing them on a regular basis.
• To deal with the external service providers e.g. Correspondent Banks, other financial institutions & other sectorial stakeholders for the smooth functioning of the department's activities.
• To handle all escrow related activities including inflows and outflows of funds.
• To ensure error free processing of Trade Finance/Loan/Escrow Transactions.
• To ensure that Transactions are processed within TAT
• To ensure Compliance Due Diligence at all levels while executing Trade Transactions.
• To identify the gaps for continuous improvement and sustainability of systems, processes and practices.
• Structuring transactions, developing and negotiating term sheets for execution.
• To provide support for new products & services.
• Ensure Anti money laundering, Central Bank guidelines and other internal policies/procedures are strictly followed, and any unusual transactions are reported to the concerned authorities.
• Responsible for providing regular reports to senior management, including business performance metrics, risk assessments, and other key indicators. This includes analyzing trends, identifying areas for improvement, and making recommendations for process enhancements.
• To report operational incidents to TCS and Mbank Risk Management teams on a case basis.
• To ensure daily EIBOR rates are updated in the Core Banking System.
• To review dual language guarantee texts are technically perfect.
• To provide ongoing training to ITQAN staff on the activities being performed in the trade & loan ops.
• To attend job training sessions/mandatory/other courses organized by the MBank L&D team.

Perform any other task assigned by the line manager.

Experience & Knowledge

• Bachelor's degree in Finance, Banking, Business Administration, or related field.
• 2–4 years of Trade Finance experience in a bank.
• Knowledge of Letters of Credit, Bank Guarantees, and Documentary Collections.
• Understanding of UCP 600, ICC rules, AML, KYC, and regulatory requirements.
• Proficiency in trade finance systems and Microsoft Office.
• Strong analytical, communication, and customer service skills
• Arabic translation experience.

Competencies & Skills:

• Bachelor's degree
• Previous experience in handling TF products & services
• Good knowledge of the latest provisions of applicable ICC rules & regulations
• Strong interpersonal, Communication Skills and Computer literate with good knowledge of Microsoft Office tolls & Swift MT's
• Strong problem solving and analytical skills