Job Description :
UK Trade finance operations officer
– Process transactions related to Bills settlements for L/C import, LC export, and bill for the collection of trade operations staff, ensuring processing as per predefined timelines, compliance with Bank policies & procedures, Central Bank rules & regulations, import/export /collection regulations, and UCP/URR/URC/ISPP rules & regulations
– Control and ensure that L/C’s and amendments are scrutinized and approvals are obtained before processing.
– Review and authorize SWIFT messages L/C and amendment as per financial instruments and customers, instructions
– Maintain close control over events reports, ensuring that commissions due and maturing transactions are followed up in a timely manner.
– Ensure daily, that EXIMBILL and UBS system records agree, and differences are scrutinized for submission.
– Ensure that all commissions, fees,s, and other income are correctly calculated and booked on due dates. In the event of non-receipt of funds, ensure that the necessary follow-ups and non-payment reports (if any) are initiated and dispatched promptly.
– Ensure that the monthly proofs for head office and branches are properly scrutinized; differences investigated and appropriate action is taken in clearing the differences
– Initiate reports for any suspicious transactions that violate Central Bank’s AML regulations to the Money Laundering Reporting Officer.
– Ensure that all reconciliation tickets and suspense accounts are investigated without delays and cleared in a timely manner.
– Participate in new systems and/or enhancements/developments whenever required, carrying out user testing, maintaining controls, and meeting the required guidelines.
– Follow all service quality policies and guidelines, SLA, and communicate internal/external complaints to a supervisor so they remain up to date with complaints, service quality level, and operations processing issues
– Ensure all trade finance operations policies and bank guidelines are complied with, conform to risk policies and procedures, Basel framework, and AML policies to ensure regulatory compliance
UK Trade finance operations officer
Skills :
UK Trade finance operations officer
– In-depth knowledge of trade finance products and operations
– Good understanding of the universal practices and international rules like (URR 752, URC 522, and UCP 600)
– Knowledge of the Central Bank and other applicable rules and regulations
– Good understanding of managing risks in trade finance operations
– Must be adept in the use of MS Office 2000 or later, particularly Excel and Word, and Internet and email
