| Job Location | Jeddah, Saudi Arabia |
| Education | Not Mentioned |
| Salary | Not Mentioned |
| Industry | Management Consulting |
| Functional Area | Not Mentioned |
IDB2916 - Senior Manager, Documentary CreditsLocation: Saudi Arabia - JeddahJOB PURPOSE:This role is to manage the department?s activities relating to Documentary Credit-based transactions, including the issuance, confirmation, amendment, extension, negotiation, acceptance and cancellation of Import/Export Letters of Credit and Standby Letters of Credit. This includes ensuring adherence to the controls within the set guidelines specific to documentary credits, efficient documents checking, and complete file maintenance.KEY RESPONSIBILITIES:Ensure Documentary Credit applications are in compliance with the financing terms and conditions, the corporation?s policies and guidelines, Uniform Customs and Practice and International Standby PracticesSupervise the issuance, confirmation, amendment, extension, negotiation, acceptance, and cancellation of Import/Export Letters of Credit and Standby Letters of CreditSupervise the drafting of technical terms and conditions to ensure proper construction of Documentary Letters of CreditSupervise the checking of Documentary Credits and trade documents for adherence with L/C terms, Uniform Customs and Practice, and consistency across trade documentsEnsure compliance with standards, guidelines, procedures, and controls when reviewing documentation, endorsements, and dispatchingSupervise and ensure accuracy and timely recording of activities in the systemSupervise staff adheres to the controls within the set guidelines specific to compliance in coordination with the Compliance function, Bills of Lading verification, invoices etc.Supervise staff to maintain complete records and track existing Letters of Credit for pending inquiries, discrepancies, and resolution of documents and reporting as per department proceduresProvide trade advice on the workability of the Documentary Credits to clients and other ITFC staffParticipate actively in department-level improvement initiatives for Documentary Credits, manuals, department work plans, process enhancements etc.Supervise staff generating activity/progress reports for management and clientsLiaising with other Departments (Treasury, Risk, IsDB) in the establishment of RMA or other related relationshipsPassing relevant SWIFT messagesQualifications & Other Certifications:Masters Degree in Business, Finance, or EconomicsCertified Documentary Credit Specialist (CDCS)Language Skills:Compulsory languages:First: EnglishSecond: Arabic and/or FrenchYears of Experience:Minimum of 6 years experience
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