Guarantees Specialist – Portuguese Speaker

June 20, 2024

Guarantees Specialist – Portuguese Speaker

Reference12350578

  • Permanent
  • ES-Madrid
  • OPERATION PROCESSING
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MISSION

Within Group BNP Paribas ITO Function, Global Trade Operations, a community of 700* people in the 3 CIB regions & 50 countries, leverage on their integrated and global model to accompany the business strategy being the Global Trade operations Platforms a key enablers of the transformation.

The European Trade Finance Service Center has 115 employees across 16 nationalities in Spain and provides solutions for Domestic and international Guarantees, Syndicated guarantees, Fronting, Green and sustainable linked guarantees and Documentary products (Import and Export) for both, corporations or institutions, in close collaboration with the Global Trade Solutions teams.

RESPONSIBILITIES

Deal directly with CIB clients ensuring their needs are met and/or exceeded within established agreements.

Provide assistance/support to clients and corporate groups on technical aspects of International and Domestic Guarantees.

Process Guarantees issued on behalf of the Bank’s clients or other branches/subsidiaries/correspondents, including the review and validation of wordings in non-standard or pre-validated formats.

The day to day processing of guarantee expiries and follow up with branches, correspondents and clients to ensure a smooth release of guarantee instruments as they meet their expiry dates.

The role will also be responsible for assisting the Invoicing and Fees officer when necessary.

Detailed responsibilities:

•        Ensuring client needs are met and/or exceeded, processing client requests on a timely and proactive manner.

•        Providing assistance/support to clients and corporate groups on technical aspects of International and Domestic Guarantees.

•        Providing support and assistance to Front Office (FO) on technical aspects and practices and in getting deals booked and properly processed.

•        Verifying that all approvals are in place (from Credit Risk, Compliance and Legal) in order to proceed with client requests

•        Processing of Guarantees issued on behalf of the Bank’s clients or other branches/subsidiaries/correspondents, direct/indirect with due regard to legal, compliance and risk aspects.

•        Checking that wordings in non-standard or pre-validated formats are acceptable for the Bank.

SKILLS

•        A good understanding of Guarantees products and specific regulation (URDG, ISP, UCP…)

•        Knowledge of general accounting rules, mastering specific accounting rules for guarantees

•        Systems and processes: Word/Excel, SWIFT

•        English and Portuguese mandatory