Trade Finance Section Head

Department: Finance

Job Purpose:

The Trade Finance section head is responsible for overseeing and managing the organization’s trade finance operations. This role involves facilitating international trade transactions, mitigating risks associated with cross-border trade, and ensuring compliance with regulatory requirements. He will work closely with internal stakeholders, clients, and financial institutions to develop trade finance solutions that support business objectives, optimize cash flow, and enhance the company’s competitive position in the global market. Key responsibilities include structuring financing solutions, managing letters of credit, and providing guidance on trade regulations and practices. The Trade Finance section head will also analyze market trends, monitor trade finance performance, and contribute to strategic decision-making to drive growth and profitability.

Key Accountabilities

Trade Finance Operations Management: Oversee and streamline all trade finance operations, including letters of credit, documentary collections, and bank guarantees.
Risk Assessment: Identify and mitigate risks associated with international trade transactions, ensuring compliance with legal and regulatory requirements.
Client Relationship Management: Build and maintain strong relationships with clients, banks, and financial institutions to facilitate smooth trade transactions.
Financial Structuring: Develop and implement trade finance solutions tailored to the needs of clients, optimizing cash flow and working capital.
Market Analysis: Monitor global trade trends and market conditions to inform strategic decision making and enhance service offerings.
Regulatory Compliance: Ensure all trade finance activities comply with international trade regulations and internal policies.
Cross-Functional Collaboration: Collaborate with internal departments, such as sales, logistics, and legal, to support trade transactions and resolve any issues.
Performance Monitoring: Track and analyze the performance of trade finance activities, providing regular reports and recommendations for improvement.
Training and Development: Mentor and train team members on trade finance processes, best practices, and compliance requirements.
Strategic Planning: Contribute to the development of the organization’s trade finance strategy, identifying opportunities for growth and innovation.

Desired Outcomes

Efficient Transaction Processing: Achieve timely and accurate processing of trade finance transactions, minimizing delays and errors.
Risk Reduction: Successfully identify and mitigate risks associated with international trade, leading to a decrease in transaction-related losses.
Enhanced Client Satisfaction: Foster strong relationships with clients, resulting in high levels of satisfaction and repeat business.
Optimized Cash Flow: Implement trade finance solutions that significantly improve working capital and cash flow for the organization and its clients.
Regulatory Compliance: Maintain a 100% compliance rate with all relevant trade regulations and internal policies.
Informed Decision-Making: Provide actionable insights from market analysis that guide strategic decisions and enhance competitive positioning.
Team Development: Cultivate a skilled and knowledgeable trade finance team, evidenced by improved performance and reduced turnover.
Performance Improvement: Establish key performance indicators (KPIs) for trade finance activities, with a goal of continuous improvement in operational efficiency.
Innovation in Solutions: Introduce new trade finance products or services that meet evolving client needs and drive revenue growth.
Strategic Contribution: Play a key role in the organization’s strategic planning, leading to enhanced business opportunities and market expansion.

Personal Skills

Analytical Skills: Ability to assess complex financial data and trade regulations to make informed decisions.
Communication Skills: Strong verbal and written communication skills for effectively conveying information to clients, stakeholders, and team members.
Negotiation Skills: Proficiency in negotiating terms and conditions with clients and financial institutions to secure favorable agreements.
Problem-Solving Skills: Capability to identify issues and develop innovative solutions to overcome challenges in trade finance transactions.
Attention to Detail: Meticulousness in reviewing documents and processes to ensure accuracy and compliance.
Interpersonal Skills: Strong relationship-building skills to foster collaboration with clients and colleagues across various departments.
Adaptability: Flexibility to navigate changing market conditions and evolving regulatory landscapes.
Organizational Skills: Ability to manage multiple projects and priorities effectively while meeting deadlines.
Cultural Awareness: Understanding of diverse cultural practices and norms to facilitate international trade relations.
Leadership Skills: Capability to lead and inspire a team, providing guidance and support for their professional development.

Qualification & Education:

Bachelor’s degree Finance/ business administration/ecommerce/Accounting in or a relevant discipline.
From 7 to 10 years of experience in a business field
CTFP, CITP or CITF
Experience in trade finance, banking, or international business, with a proven track record of managing trade transactions.
Good in Microsoft Office suite.
Highly skilled and proficient in Excel and PowerPoint, with extensive experience in creating impactful monthly presentations.
Business fluency in English.

Apply Through: d.offen@elsewedy.com

Deadline : 29th October 2024.