IMICIB - Operations - Trade Finance Specialist Madrid

Scope and Purpose

• Leads the operational management of domestic and international guarantees, including issuance, monitoring, and cancellation, ensuring compliance with regulatory and contractual requirements.
• Executes guarantee transactions end to end—drafting terms, liaising with applicants, beneficiaries, advising/issuing banks, and Public Authorities’ telematic platforms (SEDA, SECAD)—in line with URDG 758, UCP 600, ISP 98, and internal compliance rules (KYC, AML, sanctions).
• Manages risk proactively, reviewing contractual terms in coordination with Legal advisors, monitoring expiry and claim dates, ensuring accurate SWIFT messaging, and overseeing the management of collateral and counter-guarantee conditions.
• Acts as a key contact for internal and external clients, advising on guarantee structures, pricing, and timelines, and resolving operational and technical issues in a timely, client-oriented manner.
• Participates in client meetings alongside Relationship Managers (RMs), contributing technical expertise to support commercial discussions and deal structuring.
• Monitors and replies to SWIFT messages, ensuring accuracy, traceability, and alignment with transaction documentation.
• Optimises daily processes and reporting, leveraging core banking and trade finance systems to track volumes, analyse exposure, and propose improvements that enhance turnaround time and internal control.
• Ensures business continuity by maintaining updated procedures, sharing knowledge across the team, and providing reliable back-up within a small, agile department structure.

Required Experience

Prior experience at least 3 years in Bank Guarantees (domestic and international), 5 years of banking industry experience

Competencies Required

• University degree in Economics/Business Administration or equivalent
• Strong background and work experience in Trade Finance
• Solid understanding of different types of guarantees (bid bonds, performance bonds, advance payment guarantees, etc.) and the legal and contractual implications associated with them
• Experience regarding various telematic platforms of Public Authorities (ex. SEDA, SECAD)
• Familiarity with international rules and practices governing guarantees (e.g. URDG 758, UCP 600, ISP98)
• Understanding of regulatory and compliance requirements applicable to trade finance operations, including KYC, AML, and sanctions screening.
• Used to dealing with clients, public entities and financial entities
• Knowledge of SWIFT messages
• Good knowledge of MS Office package (Word, Excel, etc)
• Languages: fluency/excellent communications skills (verbal and written) in Spanish and English. Italian is a plus.