Trade Finance Officer - Letter of Credit -Banking

Job DescriptionWe are currently looking for Officer (Processor-Trade Finance) for our UAE operationsEducationDiploma / Bachelor’s DegreeProfessional / Technical Qualifications / DiplomasConversant with basic banking and trade finance terminologiesKnowledge on UCP (latest version), Inco-terms, ISBP, URC (latest version), Uniform Rules for reimbursement URR (latest version), URDG and ICC opinions and preferably CDCS (Certified Documentary Credit Specialist)Experience2-3 years’ experience in trade finance or in bankingOther Skills Required for the JobGood Communication skillsHigh proficiency in business writingStrong analytical and problem solving skillsWorking knowledge of IT applicationsCustomer ServiceTeam WorkProficiency in MS-Office – Word, Excel, Power PointAbility to multi-task and capability to deal with pressureFamiliar with the bank’s policies and proceduresDuties and ResponsibilitiesEnsure 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.Joining time frame: 2 weeks (maximum 1 month)#J-18808-Ljbffr