Reporting to the Head of Trade Finance, this position is responsible for Strategic formulation and execution of Trade Finance products, systems and services for the KCB Group, while ensuring compliance with all internal procedures and operational controls.

Key Responsibilities

• Ensure adherence to and application of established policies, processes, procedures and tools to achieve optimal efficiency, compliance and cost containment.
• Stakeholder management to ensure alignment on delivery of Trade Finance products.
• Tracking and regular review of products and channels from client feedback and market trends
• Formulate effective product documentation, policies, procedures and SLA’s.
• Contribute to the formulation of the sales budget and pricing process including concessions.
• Conduct regular portfolio reviews to identify areas of improvement and develop tactical plans towards achieving set risk and compliance criteria.
• Responsible for the implementation and adoption of all Compliance, Anti-Money Laundering and Sanctions related requirements contained in policies, procedures and processes within Trade finance department, and trade finance product audits
• Provide Regional strategic input for Trade Finance products
• Ensure the implementation and regular review of Product Program Guides for Trade Finance product sets.
• Monitoring and remediation of transaction booking in liaison with CAU, and Trade Operation teams.
• Represent the Bank at sales forums and industry events.
• Revenue Assurance and tracking of Trade Finance income for accuracy
• Product training to Bank staff and Customers across the KCB Group
• Oversee Procurement and Upgrades of Trade Finance systems
• Ensure proper and accurate maintenance of records for commodities financed under collateral management for clients under the Structured Trade Finance (STF) portfolio
• Ensure reconciliation of records relating to commodities held under collateral management
• Oversee and ensure that regular physical inspection of warehoused commodities is undertaken under the STF portfolio
• Lead in Market intelligence related to the Bank’s Structured Trade Finance business
• Monitor the Bank’s STF portfolio to ensure adherence to approved terms and conditions as set out in the relevant term sheets and approvals

The Person

For the above position, the successful applicant should have the following:

• A bachelor’s degree.
• Possession of Masters’ Degree will be an added advantage
• Certified Documentary Credit Specialist (CDCS) or ACIB/AKIB Banking qualifications will be an added advantage.
• At least 10 years’ Banking experience, 8 years of which should have been in Trade Finance business development or Trade operations.
• Critical: Operational knowledge of Trade Finance products
• Integrity and courage to challenge actions within various business units and status quo
• Excellent stakeholder management skills