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Trade Finance Operations Officer
dfcu Bank
Posted 3 months agoKampala, Uganda
Location
Kampala, Uganda
Job Type
Full-time
Experience
Mid-Level
Category
Banking & Finance
Job Description
Reporting to the Manager – Trade Finance and Financial Markets Operations, the role holder will be responsible for efficient and effective handling of Trade Finance Operations transactions in accordance with the policies, process, and controls to safeguard the bank against any risks or loss and contribute towards customer service excellence.
Timely and accurate processing of all trade transactions, including Import and Export Bills, Letters of Credit, guarantees, Contract Finance, and all other Trade Finance products.
Thorough understanding of Trade Finance processing procedures, rules and policies, operational risks awareness and counterparty limits.
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Requirements
- Bachelor's Degree.
- Trade Finance Certification.
- Basic Banking Training in Trade Finance and international trade principles.
- Minimum banking experience of 3 years with 1 year banking experience in back office operations.
- Insight into the international rules and regulations that govern Trade Finance.
- Ability to engage with all key stakeholders in and out of the organisation.
- Ability to prioritize daily tasks and work with strict deadlines.
- Customer oriented.
- High level of integrity and ethical standards.
- Excellent interpersonal and communication skills.
- Ability to pay attention to detail.
- Ability to effectively work within a team-oriented environment.
- Proactive approach to work with a high level of maturity and self-drive.
Responsibilities
- Document, release, confirm, amend and close guarantee instructions in accordance with bank policies.
- Act on exceptions and outstanding items on the Nostro, LCs and Guarantees accounts (cash and non-cash covered).
- Comply with set service standards in the Service Level Agreement.
- Maintain proper record keeping and referencing for easy identification and retrieval of records by monitoring teams.
- Provide advice to customers and the sales team on trade transaction structuring from time to time.
- Prepare drafts and Trade Finance documents such as Letters of Credit and guarantees in accordance with the operating guidelines.
- Draft appropriate cover letters and SWIFT messages for trade bills and transactions at different stages and avail them to stakeholders.
- Monitor trade transaction status through their lifecycle and advise Relationship Managers to engage customers to take corrective action.
- Carry out due diligence of Trade Finance documents for completeness and any anomalies and escalate to the Senior Officer Trade Finance Operations for guidance.
- Resolve customer queries that relate to Trade Finance Operations within agreed timelines and to the mutual satisfaction of all parties.
- Escalate any process gaps that result in potential or actual loss to the Senior Officer Trade Finance Operations in line with the incident reporting policy.
- Screen trade instructions at every stage to identify and report suspicious activity in line with the AML/CFT and KYC programs.
How to Apply
Apply via the dfcu Bank careers portal at careers.dfcugroup.com. Click on Career Opportunities to get started. Recommended to use Google Chrome.
