At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. The Trade Finance Officer plays a key role in ensuring the efficient processing and control of Trade Finance transactions, supporting both funded and non-funded trade products with operational excellence, risk mitigation, and superior service delivery.
About the Role – Trade Finance Operations at RAKBANK
Core Focus: Processing Letters of Credit, Bank Guarantees, Documentary Collections, and Trust Receipts
Compliance Standards: UCP 600, URDG, ISP98, ICC guidelines, and AML/sanctions screening
Systems & Tools: SWIFT messaging, trade finance systems, and banking applications
Stakeholder Coordination: Customers, correspondent banks, and internal teams
Risk Focus: Identifying, escalating, and mitigating operational and compliance risks
Career Growth & Benefits at RAKBANK
Compensation: Pay for performance culture with competitive, performance-linked compensation
Wellbeing: Comprehensive medical coverage for you and your family, life insurance, and wellbeing benefits
Development: Career development and growth opportunities by design
Career Growth: Exposure to a leading Trade Finance environment, working with the best minds in the field
Position Overview
This Trade Finance Officer role processes Trade Finance transactions including Letters of Credit, Bank Guarantees, Documentary Collections, Shipping Guarantees, and Trust Receipts. You will review trade documents for compliance, verify customer instructions before execution, monitor transaction maturities and pending cases, liaise with customers and correspondent banks to resolve queries, support settlement and funding activities, maintain accurate records and documentation, and ensure strict adherence to UCP 600, URDG, ISP98, ICC guidelines, and AML procedures.
Why This Role Matters: As Trade Finance Officer, you process transactions that keep international trade moving reliably for businesses across the UAE and beyond, apply deep expertise in UCP 600, URDG, ISP98, and ICC guidelines to protect the bank and its clients, liaise directly with customers and correspondent banks to resolve complex trade discrepancies, identify and mitigate operational, transactional, and compliance risks before they escalate, and build a career at a leading UAE bank offering comprehensive benefits and genuine growth opportunities.
Key Responsibilities
Transaction Processing
- Process Trade Finance transactions including Letters of Credit (Import & Export), Bank Guarantees, Documentary Collections, Shipping Guarantees, and Trust Receipts
- Ensure accurate and timely processing in line with agreed service levels and operational standards
- Verify customer instructions and supporting documentation prior to transaction execution
Compliance & Documentation Review
- Review trade documents to ensure compliance with approved facilities, internal policies, and international trade rules
- Ensure strict adherence to UCP 600, URDG, ISP98, ICC guidelines, AML procedures, and sanctions screening
- Maintain accurate transaction records and ensure proper documentation, filing, and archival
Monitoring & Stakeholder Coordination
- Monitor transaction maturities, outstanding obligations, and pending cases
- Liaise effectively with customers, correspondent banks, and internal stakeholders to resolve queries
- Support settlement and funding activities related to trade finance transactions
Risk Management & Continuous Improvement
- Identify, escalate, and assist in mitigating operational, transactional, and compliance risks
- Support internal and external audit reviews with complete and accurate information
- Contribute to continuous process improvement initiatives to enhance efficiency and customer experience
Qualifications & Requirements
Educational Requirements
- Bachelor’s Degree in Finance, Banking, Commerce, Business Administration, or an equivalent qualification
Experience Requirements
- Minimum 3-5 years of experience in Trade Finance Operations within a banking or financial services environment
- Good understanding of funded and non-funded Trade Finance products and transaction processing
Technical Knowledge
- Working knowledge of international trade practices, SWIFT messaging, and trade finance systems
- Understanding of UCP 600, URDG, ISP98, ICC Guidelines, and related regulatory requirements
- Knowledge of AML, sanctions compliance, and operational risk controls
Essential Skills
- Strong attention to detail with a high level of accuracy in transaction processing
- Analytical and problem-solving capabilities with effective stakeholder management
- Ability to prioritize and manage multiple tasks within tight deadlines
- Proficiency in banking applications and Microsoft Office tools
About RAKBANK
At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank, we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance, offering a diverse workforce, inclusive culture, and comprehensive benefits including medical coverage, life insurance, and employee wellbeing programs.
Career Excellence: Build a Trade Finance career with a leading UAE bank offering genuine growth and comprehensive employee benefits.
Who Should Apply?
- Trade Finance Professionals: With 3-5 years of banking or financial services experience
- LC/Bank Guarantee Specialists: Skilled in processing Letters of Credit and Documentary Collections
- Compliance-Focused Bankers: Familiar with UCP 600, URDG, ISP98, and ICC guidelines
- SWIFT Messaging Operators: Comfortable with international trade finance systems
- Finance/Banking Graduates: Seeking a career with a leading UAE bank
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