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Assistant Manager Trade Operations
Equity Bank Kenya
Posted 6 months agoMombasa, Kenya
Location
Mombasa, Kenya
Job Type
Full-time
Experience
Entry-Level
Category
Software Engineering
Job Description
The role is within the
Trade
Finance
Department and responsible for
Authorizing, document checking or the settlement stage of trade finance operations products.
The role will be
Authorizing
Letters of
Credit including
Back to
Back and transferrable, IRUs, amendments, assignment of proceeds, LC settlements, discounts, acceptances, documents on approval, collections, IRU claims,
Guarantees, SBLC and file maintenance.
Ensuring all transactions are in accordance with EQB(K)L Trade
Finance and SWIFT Procedures, relevant ICC UCP 600, ISBP, URC, URR, ISP, URDG and INCOTERMS, EQB(K)L Governance
Manual and
Compliance.
The role is based in
Coast
Region
Mombasa.
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Requirements
- A degree in Business, Banking, Finance, Economics or a related discipline is preferable
- Trade Finance certification course is an added advantage including CDSC, CITF or CSDG
- Must have a minimum of 3 years experience in Trade Operations
- Strong knowledge of all Trade Finance
- Good knowledge of Trade Finance Compliance
- Ability to supervise staff including organizing, prioritizing and assigning work in the office
- An ability to identify improvements and look for ways to create efficiencies
- Demonstrated ability to lead a team to successfully deliver on KPIs
- Strong verbal and written communication skills
- Strong attention to detail, quality and accuracy
- Proven record of collaborating with colleagues across geographic and functional boundaries
- Willingness to share knowledge and advice with other colleagues and support their development
- Ability to inspire and mentor a team
Responsibilities
- Overseeing and managing the centralized Trade Finance team including controlling issuance of LCs, Bank Guarantees, Documentary Collections settling bills and other Trade Finance Instruments to avoid delays and costs in adherence to the latest UCP 600 version, URDG 768, URR 522 and ISBP 745
- Liaising with Bank Branches to provide documentation and clarification required to ensure compliance with the banks requirements and continuity of credit line
- Execute Transactions within preset standardized turnaround times for all Trade Finance activities and service level agreements SLAs with business units
- Overseeing Reconciliation of Nostro items
- Coordination with Trade Finance Department for the preparation and timely submissions of monthly Reports and other ad hoc report to the Director Trade Finance and other key departments
- Ensuring nil revenue leakage for Trade Finance transactions by conducting quarterly departmental revenue audits
- Advising Branches and RMs on matters relating to customer limits, pricing, products, service delivery, inquiries and provision of trade services
- Overseeing Filling of customers documents in safe custody
- Review instructions received to ensure they are valid, workable and meet ICC and EQB(K)L guidelines and procedures
- Carrying out Trade Finance Compliance and due diligence checks in accordance with procedures
- Investigate and respond to any enquiries received internal or external
- Create File at the time of Initiation and ensure accuracy of Filing and maintenance of archive register
- Ensure expired or fully utilized LCs are closed within the stipulated time and any outstanding cash cover is refunded
- Ensure Risk events are reported within timeframes outlined in the procedure
- Act as expert point of reference for enquiries and escalated issues and provide TF advice to external clients and internally to EQB(K)L staff as and when required
- Managing of clients pipeline and following up to the closure of transaction
- Managing all Trade Finance reconciliation reports and following up on long outstanding nostro items
