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BA
Bank al Etihad

Trade Finance L/C Officer - Iraq Branch

LocationBaghdad, Baghdad Governorate, Iraq
Company size11+ people
First seen1w ago
Last seen2d ago
About the role
L/C Officer (Letters of Credit Officer)
Responsibilities
Main Duties:
• Handle Letters of Credit (L/Cs) operations including issuance, amendments, advising, and settlement processes.
• Review, check, and audit shipping and trade documents presented under L/Cs in compliance with UCP 600 and ISBP 745 standards.
• Coordinate effectively with correspondent banks and internal departments to ensure smooth transaction processing.
• Process inward and outward Bills for Collection in accordance with international trade finance practices.
• Ensure full compliance with Central Bank regulations, internal policies, and AML requirements.
• Monitor shipment dates, expiry dates, and all L/C lifecycle activities accurately.
• Prepare periodic reports related to trade finance transactions and operational activities. Handle discrepancies in trade documents and communicate with relevant parties for resolution.
• Maintain proper filing and documentation for all trade finance transactions.
• Support clients and branches regarding trade finance inquiries and operational matters.
Requirements
Bachelor’s degree in Finance, Accounting, Business Administration, or any related field.
1–3 years of experience in trade finance or letters of credit operations.
Strong knowledge of UCP 600, ISBP 745, and Incoterms.
Experience in handling Bills for Collection (inward and outward).
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