Administration & supporting operations of Trade Finance Products ensuring that they operate effectively, efficiently and within Compliance and Regulatory requirements
Main Responsibilities:
- Create weekly, quarterly and monthly plans to ensure delivery on objectives for the year
- Manage key risk indicators falling under the role and escalate any risk issues in a timely manner.
- Adherence to the delegated matrix during transaction handling and processing.
- Ensure screening for all eligible trade transaction is done before submission also AML checks and other sanction related issues are performed whereby supported by AML checklist attached.
- Ensure valid and approved customer facility letters for LC, Guarantees, Ovalized bills and Trade loans are available, utilization is verified against approved limit and prices and limit is set before submission of LC, Guarantee and Trade loans.
- Ensure daily review of reports on trade finance entries and end of month reconciliations on Letter of Credit, Cash cover, Guarantee, Trade loans are done.
- Manage trade products processes by adhering to operations manual and process maps whereby ensuring that all applications, payments, and claims are dealt with accurately and timely.
- Daily review and process all trade finance related inward and outward swift messages and follow up for closure.
- Daily review of maturity reports on various products falling under your area such as LC Bills, Import LC, Bank Guarantee, Trade loans, unpaid export bills and advise for settlement or closure for non-performing or expired contract.
Knowledge and Skills:
- Trade Finance Products operations terms and conditions
- Financial Consumer Protection Regulation
- International trade operations
- Risks associated with Trade Finance
- Know Your Customer-KYC and Customer Due Diligence
- Transactional Monitoring & Financial Crime
- Analytical skills
- Communication skills
- Reports writing skills
- Interpersonal skills
- Negotiation skills
Qualifications and Experience:
- Bachelor’s Degree in Banking/finance/Accounting or related fields.
- Certification (CITF/CPA/CPB) will be an added advantage
- At least 2 years’ experience in Trade Finance operations
- Experience in Banking Operations preferably in payments NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce.
Female candidates and people living with disabilities are strongly encouraged to apply for this position.NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.
Only shortlisted candidates will be contacted.
