Associate, Trade Finance at I&M Bank

Purpose

The role holder ensures timely and efficient customer service delivery and revenue generation, while safeguarding the bank's interest in prevention of money laundering, potential litigations and losses.

Primary Responsibilities

• Review and validate instructions according to bank and international trade guidelines, seeking clarity from customers when needed.
• Perform Trade Finance Compliance and due diligence checks following established procedures.
• Collaborate with various departments (Relationship Managers, Credit Administration, legal, Treasury) to facilitate transaction processing.
• Draft, initiate, and amend Letters of Credit and Guarantees, considering customer preferences and terms.
• Process documentary collections (import/export) and manage outward/inward foreign cheques.
• Handle Supply Chain Finance instructions and bills discounting.
• Manage lodging, acceptance, and payment of bills, coordinating with Business Development and Treasury.
• Provide trade finance advice to external clients and internal bank staff.
• Correspond with counterpart banks and respond to their queries.
• Confirm issued guarantees with external parties, including government bodies and large corporations.
• Prepare reports of outstanding liabilities for internal and external stakeholders.
• Monitor Nostro Statements, reconcile accounts, and clear trade-related items as needed.

Person Specifications

• Bachelor’s Degree in Business, Economics or related field.
• Over a years’ relevant experience in a similar role in a similar sized organisation.
• A Trade Related Certification.