Trade Finance Operations Officer

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.
  
• 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.
  

• 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.