Private banking / Patrimonial


Head of documentary credit ctf m/f

04 October District de Luxembourg, Luxembourg Perm

Your responsibilities:

* Realization of Business Plan of Documentary Business Department in accordance with the business strategy of the Group and legal & regulatory requirements applied in Luxembourg.
* Efficient management of the resources and task allocation within the department.
* Performing the whole complex of issue of guarantees on behalf of clients of the Bank and documentary operations in the form of documentary credit and incasso, in accordance with international standards, policies of the Bank and legal regulations applied.
* Examination of documents submitted by the customers on the main obligation in order to determine the feasibility of holding a guarantee operation.
* Examination of credit documents and documents from other subdivisions of the Bank to be submitted to consideration of collegiate bodies (committees) of the Bank and the decision to undertake a guarantee operation.
* Registration of issue, modification, and termination of a guarantee jointly with legal advisors and Credit Department.
* Advising on guarantees of other banks and related changes, signature identification on other banks ' guarantees.
* Control of claims of payments under other banks' guarantees, monitoring the timely receipt of payments together with the Credit Administration department of the Bank.
* Conducting of guarantee transactions and related correspondence.
* Monitoring of the fulfilment of obligations, stipulated in contracts signed by the Bank by the principals as well as the timeliness of payment of commission fees and Bank's expenses on guarantee operations in accordance with the established procedure.
* Monitoring of the credit limits for guarantee operations for principals in accordance with the terms of the credit risk limits established by decisions of collegiate management bodies (committees) of the Bank.
* Preparation of various statistics reporting over Bank's Documentary Business operations and regular reporting to the Management.
* Identification of system improvements and taking lead on documenting, implementing and training of these changes.
* Keeping track of new guidelines and regulations related to the Documentary Business and monitor changes.

Your profile:

* University degree in Finance, Economic or a related field.
* More than five years of professional experience in a similar position.
* Expertise in relevant IT applications for Documentary Business.
* Strong analytical skills and details orientation.
* Fluency in English.

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