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Guarantees Officer - German

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BNP Paribas

1mo ago

  • Job
    Full-time
    Mid Level
  • Customer Relations
    Banking & Finance
  • Madrid

AI generated summary

  • You need to understand guarantees products, regulations (URDG, ISP, UCP), general accounting, and be proficient in Word/Excel, SWIFT, with fluent English and German skills.
  • You will assist clients with International and Domestic Guarantees, process transactions, validate documentation, ensure compliance, and support Front Office operations and invoicing as needed.

Requirements

  • 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 German mandatory

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.
  • 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.

FAQs

What is the role of a Guarantees Officer?

The Guarantees Officer is responsible for dealing directly with clients to ensure their needs are met, providing assistance and support regarding technical aspects of International and Domestic Guarantees, processing issued Guarantees, and managing guarantee expiries.

What qualifications are required for the Guarantees Officer position?

A good understanding of Guarantee products and relevant regulations (such as URDG, ISP, UCP), knowledge of general accounting rules, proficiency in Word/Excel and SWIFT, and fluency in English and German are required.

What is the team size and structure within the Global Trade Operations?

The Global Trade Operations consists of a community of 700 people across three CIB regions and 50 countries.

Who does the Guarantees Officer collaborate with?

The Guarantees Officer collaborates closely with the Global Trade Solutions teams, Front Office, and clients, as well as internal departments like Credit Risk, Compliance, and Legal.

What specific tasks does the Guarantees Officer perform?

Specific tasks include processing client requests, verifying approvals, ensuring compliance with legal aspects, checking wordings for Guarantees, and assisting with invoicing and fees when necessary.

Where is the European Trade Finance Service Center located?

The European Trade Finance Service Center is located in Spain.

Is experience in a similar role necessary for this position?

While specific prior experience in Guarantees products is beneficial, a strong understanding of the required skills and regulations is crucial.

What is the work environment like at BNP Paribas?

BNP Paribas fosters an inclusive and diverse work environment, committed to equal opportunity for all employees and ensuring that no individual is discriminated against.

Does the role require a high level of client interaction?

Yes, the Guarantees Officer role involves significant client interaction to address their needs and ensure satisfaction.

Are there opportunities for career growth within BNP Paribas?

Yes, BNP Paribas encourages career development and growth opportunities within the organization.

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BNP Paribas

The bank for a changing world

Finance
Industry
10,001+
Employees
1848
Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.