Trade Finance Officer - Letter of Credit -Banking

VAM Systems

Duties and 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 correspondences 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.