About the role
AI summarisedThe VP, Trade Finance Operations oversees trade finance operations at a bank, managing teams and ensuring compliance with regulations.
BusinessFull-timeGeneral
Key Responsibilities
- Oversee the end-to-end processing of trade finance transactions including letters of credit, guarantees, and documentary collections.
- Manage and mentor a team of trade finance operations staff to ensure high performance and professional development.
- Ensure compliance with internal policies, regulatory requirements, and industry standards (e.g., UCP 600, ISP98, URDG).
- Develop and implement operational procedures to improve efficiency and reduce risk.
- Collaborate with relationship managers and product teams to support client needs and resolve complex transactions.
- Monitor and report on key operational metrics, including turnaround times, error rates, and volume trends.
- Participate in system enhancements and UAT for trade finance platforms.
- Handle audit queries and ensure timely remediation of findings.
Requirements
- Minimum 10 years of experience in trade finance operations within a bank.
- At least 5 years in a managerial or supervisory role.
- In-depth knowledge of trade finance products, including letters of credit, guarantees, and documentary collections.
- Strong understanding of UCP 600, ISP98, URDG, and other relevant ICC rules.
- Excellent leadership and team management skills.
- Strong analytical and problem-solving abilities.
- Effective communication and stakeholder management skills.
- Proficiency in trade finance systems (e.g., Trade Innovation, Misys, or equivalent).
- Bachelor's degree in Finance, Business, or a related field.
- Professional certifications such as CDCS or CSDG are preferred.