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.