Trade Finance LG Officer - Iraq Branch

LG Officer (Letters of Guarantee Officer)

Main Duties

• Handle and process all types of Letters of Guarantee (LGs), including issuance, amendments, renewals, cancellations, and claims handling.
• Ensure all LG transactions are processed accurately and in compliance with bank policies and regulatory requirements.
• Review customer requests and supporting documents related to guarantees and verify completeness before processing.
• Monitor expiry dates and follow up on renewals, releases, and outstanding guarantees. Coordinate with branches, customers, and related departments regarding guarantee operations and inquiries.
• Maintain accurate records and documentation for all guarantee transactions and archive files properly.
• Prepare periodic reports related to issued, outstanding, and expired guarantees.
• Ensure compliance with Central Bank regulations, internal procedures, and AML requirements.
• Support trade finance operations whenever needed within the department.
• Handle customer and branch inquiries related to guarantees professionally and efficiently.

Requirements

• Bachelor’s degree in Finance, Accounting, Business Administration, or any related field.
• 1–3 years of experience in banking operations.
• Experience in Letters of Guarantee (LGs), trade finance, Good understanding of banking procedures and international trade operations.
• Strong attention to detail and accuracy in reviewing documents and data entry.
• Good communication and coordination skills with branches and customers.
• Ability to work under pressure and within a team environment.
• Proficiency in Microsoft Office and banking systems.