Senior Associate Issuance (Import Letters of Credit) - Qatarization

About QNB Group

Founded in 1964 as Qatar's first commercial bank owned by Qataris, QNB Group has grown into the largest bank in the Middle East and Africa region. Through its subsidiaries and associates, QNB operates in over 31 countries across three continents, serving approximately 20 million customers with more than 28,000 employees. Its operations include roughly 1,000 branches and an ATM network comprising 4,300 machines. QNB is acknowledged as a leading regional bank with high credit ratings from Standard & Poor's (A), Moody's (Aa3), and Fitch (A+), and has received multiple awards from renowned financial institutions. It is recognized as the most valuable banking brand in the MEA region by Brand Finance Magazine and actively supports social, educational, and sports initiatives within communities.

Job Purpose

The role focuses on promptly issuing Import Letters of Credit (L/Cs) to aid business units while fostering strong client relationships within the Group.

Key Responsibilities

• Implement performance metrics and best practices for the Senior Associate Issuance (LCs) role.
• Operate within delegated authority levels ensuring compliance and risk control.
• Encourage cost-effectiveness, efficiency, and productivity to minimize waste and optimize advantages for the Bank.
• Engage with both internal and external clients ensuring their requirements are met promptly and accurately.
• Pursue continuous professional development to stay updated in the specialized field.
• Handle complex Import L/C processes strictly in accordance with International Chamber of Commerce (ICC) regulations.
• Assess Import L/C applications with particular terms, ensuring completeness and accuracy.
• Issue L/Cs including specialized forms such as Revolving, Back-to-Back, Transferable, and Standby L/Cs.
• Examine documents, detect discrepancies, and coordinate with negotiating banks to protect the Bank's interests.
• Ensure meticulous and timely processing of transaction documentation prior to authorization.
• Authorize release of sight and acceptance documents related to Import L/C transactions for clients.
• Provide solutions for routine client operational queries ensuring efficiency.
• Verify applicants hold valid commercial registrations and clearly defined terms and conditions.
• Confirm that L/C amounts are within permitted limits according to customer applications.
• Ensure all issued L/Cs have proper authorization within approved limits or secured approvals.
• Maintain adherence to Uniform Customs and Practice (UCP), local import policies, and Group regulations in all L/C transactions.
• Securely store L/C documentation and monitor approval limits for clients and banks involved.
• Keep current with evolving local and international regulations relevant to Import L/Cs.
• Maintain confidentiality of commercially sensitive information at all times.

Qualifications and Experience

• A Bachelor's degree in Marketing, Banking, Finance, Accounting, Economics, Business Administration, Information Technology, or a related discipline.
• Minimum two years of relevant experience, preferably in a well-regarded international banking institution.

Additional Instructions

Applicants must submit the following documents upon application:

• Updated resume or curriculum vitae
• Qatar ID (both front and back)
• Passport copy
• Academic certificates
• Birth certificate