Trade Finance Officer position at Premier Bank processing and checking trade transactions for Bank customers, requiring a Bachelor’s degree in Finance or Business with 2 years Banking Operations experience, in a banking environment, on-site role.
Job Summary: –
To process / check various trade transactions for Bank customers of Trade Finance efficiently and accurately, in accordance with the applicable procedures, rules and Policies, agreed service standards and operational instructions laid down by the Bank.
To assist Bank business centers and clients in processing outward and inward payments and book-keeping of Treasury Front Office daily transactions.
Key Responsibilities: –
Reconciliations
of suspense and CIT accounts (EURO, USD, KES,)
- To scrutinize entries and balance off accounts
- To query with Branches on outstanding entries
- To post or reverse entries in IMAL if misposted or not posted by
Branches
- To balance suspense and CIT each day and ensure zero balance, ensure
it is checked, verified, and authorized by appropriate Signatories.
Treasury
Back office
- To maintain deal tickets in Islamic treasury module
- To maintain payment instructions for Forex deals
- To maintain receiving instructions for Forex and investment deals
- To prepare settlement instructions for placements
- To prepare SWIFT confirmations for the respective deals
SWIFT/RTGS
SWIFT
inward
- To confirm the payment instructions are tested from the receiving
Bank
- To confirm cover present in our Nostro/ CBK accounts
- To record all incoming RTGS/SWIFT in the registers
- To convert using the day’s rates as advised by Treasury
- To credit the Customer’s account using the accounting module in IMAL
SWIFT
outward
- To print the scanned instructions from Branches
- To check that the application forms are signed by the respective
Signatories
- To check that the cover is present in Head Office GENERAL SUSPENSE
ACCOUNT
- Recording of all outgoing RTGS/SWIFT in the registers
- To pass appropriate entries in accounting module IMAL
- To Input all messages in SWIFT system
- To timely send SWIFT/RTGS confirmations to the branches
Trade
finance
- To prepare letters of Guarantees as received from the branches and
recording the same in the register for authorized signatories
- To ensure all the documentation is in place before releasing the
guarantees
- To assist the branches regarding the requirements and the current
trade finance tariff
- To book and collect charges for all trade finance products in iMAL
- To input LCs in Swift and send to the respective banks.
- To advise customers of any amendments, queries and documentation
required for LC’s
Reports/Returns
- To prepare CBK various daily and monthly Foreign Exchange returns
- To prepare TFA weekly report
- Any other report that may be required from time to time.
Any
other duties that may be assigned to you from time to time by Management
Qualifications:
- A Graduate with a finance or Business-related specialization
- Minimum 2 years Banking Operations Experience
- Exposure to processing of SWIFT, RTGS, EFTs a plus
Competencies
& Attributes:
- Knowledge in Operations particularly KYC and AML
- Strong negotiations and commercial skills
- Ability to observe strict deadlines for assignments/operations and
regulatory submissions;
- Have a high sense of accuracy and attention to detail.
- Ability to work in a fast-paced environment;
- Strong work ethics with passion for championing excellent customer
service.
- Have good PR/interpersonal skills, have outstanding reporting
skills, problem analysis and listening ability.
- Honest and with high integrity.
- Computer skills: Must be adept in use of MS Word, Excel, Access,
power-point, Internet and email.
Job
Skills
- Personality: Enthusiastic, results oriented with excellent/strong
communication and social skills. A forward planner with clear focus,
mature, reliable, hardworking and able to work without supervision.
- Sound knowledge of the Bank’s products and services; CBK Prudential
Guidelines.
- Sound knowledge of Money Markets; foreign exchange and treasury
management systems
Remuneration
A
package commensurate to the posts shall be discussed and agreed with the
successful candidates.
How to Apply
