Officer (Processor-Trade Finance)

We are currently looking for Officer (Processor-Trade Finance) for our UAE  operations

Education:

• Diploma / Bachelor’s Degree

Professional / Technical Qualifications / Diplomas:

• Conversant with basic banking and trade finance terminologies
• Knowledge on UCP (latest version), Inco-terms, ISBP, URC (latest version), Uniform Rules for reimbursement URR (latest version), URDG and ICC opinions and preferably CDCS (Certified Documentary Credit Specialist)

Experience:

• 2 - 3 years’ experience in trade finance or in banking

Other Skills Required for the Job:

• Good Communication skills
• High proficiency in business writing
• Strong analytical and problem solving skills
• Working knowledge of IT applications
• Customer Service
• Team Work
• Proficiency in MS-Office – Word, Excel, Power Point
• Ability to multi-task and capability to deal with pressure
• Familiar with the bank’s policies and procedures

Duties and Responsibilities:

• Ensure the customer applications / requests received are time-stamped, duly completed and signed.
• Process trade transactions (end-to-end) as per the existing Standard Operating Procedures ensuring all activities are completed within the agreed turn-around times with a high degree of accuracy.
• Process Letters of Credits, Guarantees and Collections in accordance with international rules and regulations in a way that supports the business units and ensures a good working relationship with Bank's clients.
• Ensure to prepare a checklist for all transactions and appropriate approvals are obtained for any deviations from the Standard Operating Procedures.
• Maintain files and update correspondences by recording systematically to ensure efficient retrieval of documents.
• Identify bugs/flaws and propose improvements in systems/ processes to enhance efficiency.
• Secure thorough knowledge on processing of all Trade products and self-train to perform assigned tasks effectively.
• Monitor charges and commissions by maintaining records either manually or via systems for follow-up and recovery.
• Monitor and review Nostro statements on incoming funds for settlement and charges.
• Provide privileged client service to all internal and external queries responding to all emails and phone calls.
• Provide technical advice and consultancy services to internal and external clients by safeguarding bank and customers against fraud and money laundering transactions.
• Pass manual vouchers for transactions, if necessary.

Joining time frame: 2 weeks (maximum 1 month)