Trade Finance Operations Officer at Dfcu Bank, Uganda, Kampala

Job Description

KEY ACCOUNTABILITIES:

• Timely and accurate processing of all trade transactions, including Import and Export Bills, Letters of Credit, guarantees, Contract Finance, and all the other Trade Finance products.
• Carry out due diligence of Trade Finance documents for completeness and any anomalies and escalation to the Senior Officer Trade Finance operations for guidance.
• Prepare drafts and Trade Finance documents e.g., Letters of Credit, guarantees, etc. in accordance with the operating guidelines.
• Draft appropriate cover letters and SWIFT messages for trade bills/ transactions at the different stages and avail them to the stakeholders.
• Document, release, confirm amend and close guarantee instructions in accordance with bank policies.
• Act on exceptions / outstanding items on the Nostro, LCs and Guarantees accounts (cash and non-cash covered).
• Monitor trade Transactions status through their lifecycle and advise Relationship Managers to engage customers to take corrective action.
• Resolve customer queries that relate to Trade Finance Operations within the agreed timelines and the mutual satisfaction of all parties.
• Comply with the set service standards in the Service Level Agreement.
• Escalate any process gaps that result into potential or actual loss to the Senior Officer Trade Finance operations in line with the incident reporting policy.
• Proper record keeping and referencing for easy identification and retrieval of records by monitoring teams.
• Screen the trade instructions at every stage to Identify and report suspicious activity in line with the AML/CFT, KYC programs.
• Provide advice to customers and/ or the sales team on trade transactions’ structuring from time to time.

KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:

• 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.
• Thorough understanding of Trade Finance processing procedures, rules & policies, operational risks awareness and counter party limits.
• Insight into the international rules and regulations that govern Trade Finance.
• The ability to engage with all the key stakeholders in and out of the organisation.
• Ability to prioritize daily tasks.
• Ability to work with strict deadlines.
• Customer oriented (Internal and external).
• High level of integrity and ethical standards.
• Excellent interpersonal and communications 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.
• Able to work under very demanding deadlines or timelines.

INVITATION

If you believe you meet the requirements as noted above, please use the link below to apply;