Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 11,1 milion of retail customers through a network of 4400 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,200 branches and 7.8 million customers in 12 countries. Intesa Sanpaolo is also present in 29 countries in support of its corporate customers cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements:
Scope and Purpose
Oversee and process all aspects (issuance/advising/confirmation/negotiation etc.) of import and export Letters of Credit (confirmed/unconfirmed), reimbursement authorities, assignment of proceeds, Letter of Credit transfers and Documentary Collections.
Oversee and process all aspects of bank Guarantees to be issued on behalf of customers or correspondent Banks.
Letter of Credit discounting, in coordination with Corporate RM / GB&T desk and Head Office Treasury for relevant funding.
Ensure accuracy when issuing/processing any amendments to import, export, reimbursements and transfers of Letters of Credit.
Monitor the payment/settlement of LC's payable at sight (import and export), bankers' acceptances (import and export), discounted acceptances, deferred payments (import and export) and reimbursement payments.
Schedule, process and monitors all fees referred to LCs, guarantees and collections.
In coordination and under the guidance of the Operations Manager, handle in first instance disputes related to Letters of Credits and Contingent Liabilities, and in cases when amicable settlement is not achieved advise the Operations Manager to plan subsequent course of action.
Verify procedures and reports; monthly, quarterly and daily proof operations, archive operations and monthly Customer reporting.
Minimum 3-5 years of experience in Trade Finance Department (Operations)
Knowledge of Incoterms and UCP
Good knowledge of banking accounting and settlement practices for each product
PC literate with good knowledge of Word, Excel and Swift
Knowledge of AS400 system applications desirable
Everyone is an asset for our Group and that person could be you! Check out our job opportunities, apply and join our team!