About BSF:
Banque Saudi Fransi (BSF) is a leading financial institution built on a bold vision, to merge Saudi leadership with international standards, from day one, we have gone beyond conventional banking empowering ambition, enabling growth, and shaping lasting legacies.
Apply and Be part of a dynamic team that empowers progress for individuals, businesses, and society.
BSF Values:
- We are BSF - Always putting the needs of our people, customers, shareholders and society ahead of our own personal agenda. We are a community that we defend and protect, always.
- True to ourselves, always - We are honest with one another, even at the risk of temporary disharmony. It is never personal.
- Us before me - We put ideas before ego and leverage the expertise of others.
- Keep it simple - We strive to make everything we do as simple as possible. We set our people up for success and then get out of their way.We only need to be asked one. We own it.
- Winning is fun - We seek to be number one in the hearts and minds of our people, customers and shareholders.We have limitless ambition and the drive to win.
- Think big, act quick - We think long-term in our decisions, but we make them quickly and have a bias towards action
Location: Jeddah, Saudi Arabia
Your Role will focus on:
- Leading and overseeing all letter of credit (LC) operations.
- Managing team performance and stakeholder coordination.
Your Key Responsibilities:
- This role oversees all Letter of Credit related transactions in the release of LC issuance, advising Export LC and amendments, related swift messages and accounting entries.Supervises a team of LC Operations Officers, Processors, assigns instructions, ensures accurate, efficient processing of LC transactions within turnaround time, adheres to policies, procedures and controls
- Coordinates with business lines in order to obtain approvals to issue and or amend letters of credits in compliance with bench mark standards set within Trade Finance
- Coordinates with clients in the event of any ambiguous conditions / clauses stated in the application in order to complete the issuance of letters of credit and or amendment with minimum delay
- Supervises in the advice of clients on discrepant documents and towards obtaining their waiver and or rejection notice in order to expedite the settlement procedure covering import documents
- Follows up with employees on a daily basis to ensure documents are checked expeditiously and in the event of discrepancies, rejection messages are communicated to the concerned banks within the time frame allowed
- Oversees the work of processors, officers to ensure that it is carried out in compliance with all procedures and avoid any financial loss to the Bank
- Organizes and plans the work of officers, processors so that resources are optimally utilised, is maximised and ensures that the work carried out in compliance with all relevant procedures
- Performs day to day Letter of Credit operational transactional issues and ensures compliant with policies, and procedures and bank's standard under the Manager's guidance
- Assists to reply customers and correspondent bank queries and ensures complaints are addressed promptly and within service standards to achieve customer satisfaction
- Oversees the process of work to ensure time and quality standards are met in accordance with local rules and within standard turnaround time and zero error
- Prepares monthly, quarterly and yearly MIS reports and submitted to Management
- Endorses the staff training and development requirements, proposes specified development programs as well as overseeing the continues in-house staff enrichment through weekly meetings and small in-house coaching groups
Qualifications & Experience:
- University graduate in (Business, Financial Services, Accounting or Economics)
- Numerical discipline plus minimum of 4 years of experience in handling various Trade Finance Products (Funded and Non-Funded)
- Certified Documentary Credit Specialist (CDCS) / Certificate for Specialist in Demand Guarantee (CSDG). (Certification must be renewed upon completion of 3 years from the last sitting of the certification)
Knowledge & Skills:
- Well verse with all ICC publications, regular updates and case studies related to all Trade Finance Products
- Analytical Thinking and Problem Solving
- Business Ethics (AML, CTF, KYC)
- Communication, Presentation and Facilitation (Written and Spoken)
- Computer Literacy and MS Office Applications
- Creativity and Innovation
- English Language
- Risk and Internal Control Management
- Fraud Detection and Prevention Techniques
- Competency Based Training / Development Analysis
Are you ready to shape your future with confidence Apply today
