Officer – Trade Finance - Emirati Talent

Job Purpose:The Officer will handle transactions including various trade products such as Letters of Credit, Letters of Guarantee, Collections, Purchase and Sales Invoice Financing including Post Dated Cheque discounting according to the established processes and procedures and providing high quality service to clients.

Key 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 correspondence 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.Prepare SWIFT messages to correspondent banks for communication and attach transmitted swift copies to the transaction file.Prepare and share draft copy of Letter of Credits and Guarantees to customers.Make a file for each new transaction filing the relevant advice, approvals, swift messages, etc., write the relevant transaction reference number and file the records respectively.Pass on the transaction file to checker after processing and ensure that the checker approves / rejects all the transactions before End of Day.Diarize expiry and maturity dates of transactions to follow up and take appropriate actions.Release original documents, advice for onward courier/ dispatch to branches or customers.Periodic follow up with customers and banks for acceptance and settlement of pending documents / transactions.Comply with Credit and Compliance Policies and follow UAE laws and regulations and other respective regulatory bodies while processing transactions.Monthly balancing and physical checking of records and arrange sending old records to go down for archiving periodically.Perform any other duties or responsibilities that are consistent with the employee Role and assigned by the management.

Qualifications

Bachelor’s degree in Business Administration or any related field.Other Skills:Excellent communication in Arabic & English.Strong analytical, problem-solving, and decision-making abilitiesProficiency in MS Office and IT applications.Strong customer service and teamwork skillsAbility to multitask, work effectively under pressure, and adhere to bank policies and procedures