Trade Finance Analyst Job #: req32792 Organization: IFC Sector: Investment Grade: GE Term Duration:ย 3 years 0 months Recruitment Type: Local Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): Closing Date: 4/29/2025 (MM/DD/YYYY) at 11:59pm UTC
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ย Description
IFC โ a member of the World Bank Group โ is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities. Our mission is to leverage the power of the private sector to end extreme poverty and boost shared prosperity on a livable planet.
The Trade and Supply Chain Department (CTS) is one of the industry groups at IFC, with both investment and advisory services delivered to IFCโs clients through IFCโs global network. IFC's priorities in Trade are: (i) grow investment and advisory solutions in all regions it operates in, while achieving strong profitability and development impact (ii) build new and nurture existing client relationships to make IFC the preferred partner for key clients (iii) manage portfolio of assets for strong profitability and impact; (iv) support local companies, while improving transparency and corporate governance; (v) catalyze foreign investment, including mobilizing B loans, parallel loans, and other forms of capital mobilization; (vi) introduce and develop new financial solutions, products and platforms; (vii) build long-term partnerships with strong regional players; (viii) develop client, sector and country-level solutions through interventions that can be scaled and replicated; and (ix) be a thought leader and innovator of products and client solutions globally.ย
Global trade is an engine of growth that creates jobs, reduces poverty, and increases economic opportunities. It is a key driver of integration and opportunities for local enterprises in emerging markets and developing countries. Financing trade is fundamental to the movement of goods at all stages of the supply chain and can have a strong development impact in developing countries. IFCโs trade finance programs offer guarantees, risk-sharing facilities, loans, and other structured products to support trade in emerging markets. Through these various products, IFC has supported more than 400 financial institutions and thousands of underlying companies in more than 90 countries across all regions of the globe. To date, IFCโs Trade and Supply Chain Finance has supported over $250 billion in global trade, all of which is directly linked to the movement of specific goods across emerging market borders.ย
CTS manages IFCโs trade and supply chain finance related products, starting with its flagship program of the Global Trade Finance Program (GTFP) and other programs. IFC is seeking a Trade Finance Analyst to support the Global Trade Finance Program (GTFP) and other trade and supply chain finance programs.ย The Analyst will be based in Washington, DC, and will report to the Trade Finance Officer in charge of trade operations.ย ย
Duties and Accountabilities:
The Trade Finance Analyst is expected to:
โข ย Process trade finance transactions, amendments and cancellations by working closely with regional trade teams;
โข ย Work together with the Operations Team in Istanbul and contribute to ensure that transactions are consistent with all corporate guidelines, including the trade operational guidelines;
โข ย Communicate effectively with Issuing Banks and Confirming Banks if necessary, to clarify any issues related to transactions;
โข ย Perform regular compliance checks;ย
โข ย Maintain contacts with GTFP Issuing Banks and Confirming Banks and stay abreast of market development;ย ย
โข ย Track program activities by using the corporate systems and prepare the required reports;ย
โข ย Support processing and reporting for insurance as well as other trade finance facilities; and
โข ย Support all other tasks requested by the Operations Head to support the Operations Team and other trade finance programs.ย
Selection Criteria
โข ย Bachelor's degree or Advanced degree in Business Administration, Finance, Economics or the related field is required;
โข ย Minimum 2 years of experience in trade finance with a local/international commercial bank/other financial institution or international organization;
โข ย Knowledge of commercial banking products and services, experience in correspondent banking relationships and international trade products;
โข ย Strong financial and credit skills along with analytical ability;
โข ย Strong teamwork and organizational skills; and
โข ย Strong interpersonal skills, ability to interact effectively with clients and colleagues from various cultural backgrounds.
World Bank Group Core Competencies
The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable accommodations for individuals with disabilities.
We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability.
Learn more about working at theย World Bankย andย IFC, including our values and inspiring stories.