About this role
Job Purpose
• Process Trade Finance, applications, documents and correspondence as per established Work Instructions to facilitate that error free services are delivered to the customers within shortest time.
Key Results Area
• Process Trade Finance, applications, documents and correspondence as per established Work Instructions to facilitate that error free services are delivered to the customers within shortest time.
• Processing trade transactions (all types).
• Ensure that customer/correspondent is not under any sanctions OFAC or AML.
• Lodgment & settlement of documents import, export, inward and outward documentary collections.
• Endorsement/stamping import L/C’s shipping documents and prepare necessary formats as per local regulations.
• Payment value of Import documents as per correspondent bank’s schedule instructions by debiting customer’s A/C or creation of loan, and book system entries according to the case.
• Settlement of Export proceeds as per customer’s instructions after collecting commissions.
• General correspondence and message formatting to transmit through SWIFT.
• Input of data related to the processing of Trade Finance (accurately and efficiently to ensure compliance with Operating Procedure and Delivery Standards)
• Ensure that commissions/fees/interests are properly calculated/collected in accordance with approved standard tariff.
• Operates in a multi-task environment with volumes of work fluctuating during the day.
Knowledge and Experience
• General banking knowledge. • Thorough understanding of SWIFT and all Trade Finance and financial operating systems.