Trade Finance & Treasury Operations Manager at Commercial International Bank (CIB) Kenya

Job Purpose Statement

• The role holder efficiently and accurately processes and checks various treasury & trade transactions for Bank customers, in accordance with the applicable procedures, rules and Policies, agreed service standards and operational instructions of the Bank.

Key Responsibilities

Trade Finance Operations

• Checking of documentations submitted for trade transactions to confirm completeness and conformity to the Bank’s requirements
• Maintaining of trade finance files by ensuring that proper filing is done to ensure smooth retrieval of any file needed
• Maintenance of trade finance registers & schedules
• Attending to correspondences (internal and external)
• Responding to open items on reconciliation statements
• Ensure prompt review and submission of both regulatory and internal returns periodically
• Handling of trade transaction documents and liaising with customers to ensure prompt release of the same
• Resolution of issues in relation to trade transactions
• Monitor and ensure compliance with regulations in transaction processing
• Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
• Ensure adequate and excellent record keeping is maintained

Treasury Operations

• Checking and verification of vouchers relating to interbank and client forex transactions and booking the deals in the system
• Checking and verification of SWIFT messages to facilitate funds transfers & deal confirmations and other messages incidental to forex transactions and money market/ interbank deals
• Ensure prompt settlement of deals to/ from counterparties within stipulated cutoff times
• Ensure that SWIFT messages are downloaded and actioned on a daily basis
• Daily rates maintenance in the system
• Review of reconciliations for the various NOSTRO accounts maintained by the bank
• Prompt resolution of open items in the NOSTRO reconciliations
• Maintenance of departmental registers & schedules
• Ensure that all queries from banks and customers (e.g., non-receipt of outward transfers) are promptly investigated and resolved within stipulated TAT’s
• Investigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
• Review and submission of the various departmental reports (both CBK and management)
• Ensure proper records for departmental transactions are maintained

Payments Operations

• Prompt processing of incoming payments within the agreed SLA.
• Prompt processing of outgoing RTGS and TT transfers as received by the branches.
• Settlement of KRA payments via swift.
• Processing of swift payments received from other departments like finance, Card operations
• Review and implement robust unit SOPS that ensure full compliance with regulatory requirements
• Any other duties as assigned by the line manager.