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Job Title

Head of Trade Finance


Leading the Trade Finance departments within financial institutions


Compliance Data, Sanctions Data, Vessel Screening, Vessel Tracking, Ownership Data, Company Data, Vessel Data

Maritime Trade Finance

Maritime Trade Finance is a type of finance that provides funding to companies involved in the international trade of goods via ships. This financing covers the costs associated with the movement of goods via sea, including shipping costs, insurance, and other related expenses. Maritime Trade Finance is critical to the smooth functioning of international trade and helps companies to manage cash flow, mitigate risks, and expand their business.

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To provide context to the compliance use cases for maritime data in the Trade Finance context, the below workflow details the responsibilities of a Head of Trade Finance within a bank:

· Strategy Development: The head of trade finance works closely with senior management to develop a trade finance strategy that aligns with the company's overall business strategy. This includes identifying areas of growth, assessing risks, and developing plans to achieve business goals.

· Customer Relationship Management: The head of trade finance is responsible for managing relationships with customers, including identifying new customers, managing existing ones, and addressing any customer concerns or issues.

· Credit Analysis: The head of trade finance oversees the credit analysis process, which includes assessing the creditworthiness of customers, analysing financial statements, and determining credit limits and terms.

· Trade Finance Products: The head of trade finance is responsible for developing and managing trade finance products, including letters of credit, trade loans, and other financing solutions that support trade transactions.

· Compliance and Risk Management: The head of trade finance ensures that all trade finance transactions comply with regulatory requirements and internal policies. This includes assessing risks associated with each transaction, implementing appropriate risk management strategies, and monitoring compliance with regulations.

· Operations Management: The head of trade finance oversees the day-to-day operations of the trade finance department, ensuring that all transactions are processed efficiently and accurately.

· Reporting and Analysis: The head of trade finance is responsible for providing regular reports to senior management, including performance metrics, risk assessments, and other key indicators. This includes analysing trends, identifying areas for improvement, and making recommendations for process enhancements.

· Team Management: The head of trade finance manages a team of trade finance professionals, providing guidance, support, and feedback to ensure that the team is working effectively and efficiently.

Overall, the head of trade finance plays a critical role in managing the trade finance function of the organization, ensuring that trade transactions are processed efficiently, effectively, and in compliance with regulatory requirements and internal policies. By following this workflow, the head of trade finance can help to ensure the success of the trade finance function, support business growth, and mitigate risk.

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Trade Finance - Head of Trade Finance

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