Summary
Date Posted: Thursday, February 13 2025, Base Salary: Not Disclosed

JOB DETAILS:
Job Purpose:
Responsible to manage and lead the Trade Operations team, drive a high-performance culture, managing productivity, creating efficiencies, ensuring that the trade teams deliver quality service to all stakeholders & clients and within Compliance and Regulatory requirements.

Main Responsibilities:
• Drive, structure and manage bank's trade finance portfolio specializing on Off Balance sheet contingent Liabilities on approved sectors.
• Collection of fees and commissions for all Transactional Banking/non-funded products which are processed.
• Support business units (BM,RM,RO'S) in planning, implementations, governance and control strategies to optimize Trade Finance expertise and products available within the bank.
• Manage and monitor team workflow at the bank network in line with agreed targets and controls in place.
• Review and process trade finance transactions such as Export Letters of Credit, Import Letters of Credit, Documentary Collection, Bills Avalization, Guarantees, Standby Letters of Credits and Trade Loans etc.
• Support Trade Finance unit to create a suitable structure for the best trade finance products, process and procedures including an end-to-end process flow between the front office and back-office functions.
• Manage the operational risk of the department to avoid operational/ reputational losses and ensure understanding and full compliance of bank's procedures and practices.
• Develop & implement Service Level Agreements (SLAs) with internal departments/ units to achieve improvements in turnaround time (TAT) with respect to processing transactions for the respective divisions/departments.
• Prepare and manage Branch trade-finance activities including Staff training, Activations Workshops and Branch visits
• Participate in regional trade finance activities including transactions structuring such as CMA products, syndication files and financial institutions/cross border transactions.
• Manage the performance of team members, develop and implement training and development plans to ensure their performance is aligned with business & organizational goals and objectives.
• Create quarterly and monthly plans to ensure delivery on objectives for the year
• Escalate out of budget items higher than approved mandate to the next level manager

Knowledge and Skills:
• Understanding of Trade Finance deals process flow and rationale behind the procedures.
• Good understanding of international uniform rules that govern trade products ie. Letter of credits – UCP 600, Demand Guarantee – URDG etc.
• Ability to manage the complexities of international trade operations in a multi-party transactional environment
• General understanding of legal requirements in terms of Trade Products and the implications thereof.
• Knowledge of regulatory requirements i.e. Sanctions policy, Exchange Control Rulings and Policies, Trade Finance Standard Policy
• Know Your Customer-KYC and Customer Due Diligence
• Ability to work with people from different backgrounds in a team environment
• Ability to build working relationships with clients, product, operations, coverage and technology staff
• Excellent client communication skills and a strong ability to build client relationships.
• Enthusiasm and strong desire to work in operations
• Must be attentive and responsive to client needs
• High level of accuracy and attention to detail is required

Qualifications and Experience:
• Bachelor's Degree in Finance/Accounting/Tax or related field
• Certification in Trade Finance – CITFCPA/CPB will be an added advantage
• At least 3 years' experience in Trade Finance
• Banking Operations preferably payments
• Experience in transactional Monitoring & Financial Crime is an added advantage

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

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