(Associate) Trade Finance Officer - CTSBD

Job Posting Organization:
The International Finance Corporation (IFC) is a member of the World Bank Group and is recognized as the largest global development institution focused on the private sector in emerging markets. Established to promote economic development by encouraging private sector investment, IFC operates in over 100 countries worldwide. The organization leverages its capital, expertise, and influence to create markets and opportunities, with a mission to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet. IFC's operations are characterized by a commitment to sustainable development, and it plays a crucial role in fostering economic growth and improving living standards in developing countries.

Job Overview:
The Trade Finance Officer position within the Trade and Supply Chain Finance Department (CTS) at IFC involves a multifaceted role that encompasses both investment and advisory services delivered to clients through IFC’s extensive global network. The officer will be responsible for originating and executing trade finance transactions under IFC’s Global Trade Finance Program (GTFP) in South Asia, which includes maintaining relationships with Issuing Banks and Confirming Banks. The role requires a proactive approach to managing risks associated with the portfolio, monitoring daily transactions, and ensuring compliance with corporate guidelines. The officer will also be tasked with developing new business leads and contributing to the formulation of country and regional strategies related to Trade and Supply Chain Finance, thereby playing a vital role in enhancing IFC's impact in the region.

Duties and Responsibilities:
The Trade Finance Officer will have a comprehensive set of responsibilities, including:

• Originate and execute trade finance transactions with Issuing Banks under IFC’s Global Trade Finance Program (GTFP) in South Asia, establishing connections with regional and global GTFP Confirming Banks.
• Maintain ongoing communication with GTFP Issuing Banks to stay informed about market developments and manage portfolio risks effectively.
• Monitor and execute daily trade finance transactions, ensuring timely processing of amendments and cancellations in collaboration with IFC’s GTFP Operations team.
• Ensure that all transactions align with corporate guidelines, including trade operational guidelines, and track program activities using IFC’s corporate systems while preparing necessary reports.
• Identify and propose adjustments to GTFP limits of Issuing Banks based on business demand and IFC’s risk appetite, leading the processing of such changes.
• Develop and process new business leads under IFC’s other Trade and Supply Chain Finance products, including Global Supply Chain Finance, Global Trade Liquidity Program, Global Warehouse Finance Program, and Commodity Finance facilities.
• Support additional tasks assigned by the Regional Lead under IFC’s trade programs.
• Contribute to the formulation of country and regional strategies in South Asia concerning Trade and Supply Chain Finance.

Required Qualifications:
Candidates must possess an MBA, a master’s degree in finance, or an equivalent qualification. Additionally, a minimum of 5 to 8 years of experience in trade finance with an international commercial bank or other financial institutions is required. The ideal candidate should have extensive knowledge of commercial banking products and services, experience in correspondent banking relationships, and familiarity with international trade products. A strong understanding of corporate trade finance and supply chain finance-related products is essential, along with robust financial and credit skills and analytical abilities. Candidates should demonstrate strong teamwork and organizational skills, as well as excellent interpersonal skills to interact effectively with clients and colleagues from diverse cultural backgrounds. Proficiency in verbal and written communication in English is mandatory.

Educational Background:
The educational background required for this position includes an MBA or a master’s degree in finance or a related field. This advanced education is crucial for understanding the complexities of trade finance and the financial products involved in international commerce.

Experience:
The position requires candidates to have at least 5 to 8 years of relevant experience in trade finance, specifically with an international commercial bank or a similar financial institution. This level of experience is necessary to ensure that the candidate is well-versed in the intricacies of trade finance transactions and can effectively manage the associated risks and relationships.

Languages:
The mandatory language for this position is English, which is essential for communication with clients and colleagues. While not required, proficiency in additional languages may be considered an advantage, particularly if they are relevant to the regions in which IFC operates.

Additional Notes:
This position is a local recruitment opportunity with a term duration of 3 years. The role is full-time, and the World Bank Group offers a comprehensive benefits package that includes a retirement plan, medical, life and disability insurance, and paid leave, including parental leave. The organization is committed to providing reasonable accommodations for individuals with disabilities and prides itself on being an equal opportunity and inclusive employer, ensuring that there is no discrimination based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.