Trade Finance L/C Officer - Iraq Branch

L/C Officer (Letters of Credit Officer)

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).