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Description

Job Purpose Summary:



The incumbent will perform tasks pertaining to the timely issuance of Import Letters of Credit (L/Cs) in a way that supports the business units and ensures a good working relationship with the Group’s clients.


Essential Duties & Responsibilities by Dimensions:



A. Shareholder & Financial:

- Implements KPI’s and best practices for Senior Associate, Issuance (LCs) role.

- Act within the limits of the powers delegated to the incumbent.

- Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the Bank.


B. Customer (Internal & External):

- Liaise with internal and external clients in order to meet their needs in a timely and accurate manner.

- Proactively identify areas for professional development and undertake development activities.

- Seek opportunities to remain current with all developments in the professional field.

 

C. Internal (Processes, Products, Regulatory):

- Accurately handle complex processes relating to Import Letters of Credit in strict compliance with International Chamber of Commerce (ICC) Rules.

- Receive and review Import Letters of Credit applications with special terms and conditions to ensure receipt of complete transactions.

- Issue Letters of Credit with special terms and conditions, including Revolving, Back-to-Back, Transferable and Standby L/Cs.

- Check documents, identify discrepancies and communicate with negotiating banks to safeguard QNB’s interests.

- Ensure transaction documentation submitted for authorization is accurate and processed in a timely manner.

- Release sight and acceptance documents relating to Import Letters of Credit transactions to clients.

- Deal with clients and ensure routine operational issues are processed efficiently.

- Ensure L/C applicants possess valid commercial registrations and that terms and conditions are clear and precise.

- Ensure the L/C amount does not exceed the maximum amount permitted under the customer’s application.

- Ensure L/Cs are properly authorized within approved limits or supported by appropriate approvals.

- Ensure all L/Cs comply with Uniform Customs and Practice (UCP), local import regulations and Group policies.

- Maintain L/C documents safely and ensure adherence to approved limits established for each client and bank.

 

D. Learning & Knowledge:

- Stay abreast of all new local and international regulations pertaining to Import Letters of Credit.

- Ensure high standards of confidentiality to safeguard commercially sensitive information.

- Proactively identify areas for professional development and undertake development activities.

- Seek opportunities to remain current with developments in the professional field.



Degree
BSC, MSC,
Faculty
--
Major
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Location
Qatar
Grade
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Working hours
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Years of experience
--
Salary
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Languages
Skills
Number of vacancies
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160
Job Page Visits

Requirements & Qualifications

Education/Experience Requirements:



  1. Bachelor degree University Graduate/preferred with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology (related field of study)
  2. At least 2 years of relevant experience, preferably within a highly rated international bank


Required Special Skills:



- Knowledge of International Chamber of Commerce (ICC) Rules including UCP 600, URR 525, ISP 98 and current Incoterms revisions.

- Loan servicing industry experience.

- Thorough understanding of Letter of Credit concepts.

- General understanding of lending principles.

- Proficiency in MS Office, banking systems and database applications.

- Excellent written and verbal communication skills.

- Strong attention to detail and ability to multitask.

- Good interpersonal and communication skills.


Other



  1. Ensure high standards of data protection and confidentiality to safeguard commercially sensitive information.
  2. Maintaining utmost confidentiality concerning customer and internal bank information obtained during the course of business and provide such information on a need to know basis only to Senior Management of QNB, Audit and Compliance functions, and relevant Regulators.
  3. Maintain high professional standards to uphold QNB's reputation and to strengthen its market leadership position.
  4. All other ad hoc duties/activities related to QNB that management might request from time to time.


Operating Environment / Location:

- The position is based in Qatar and involves liaison with internal and international entities