Trade Finance Back Office Officers at Equity Bank Limited

Job description

Key Duties & Responsibilities

• Excellent processing of all LCs in Issuance, advising, Transfer, Confirmation, Presentation, examination of documents, acceptances, and payments in adherence to UCP latest version and ISBP, URR standards.
• Processing of Guarantees and its entire lifecycle management including, vetting of guarantee formats, Issuance, handling of claim, amendments, confirmation and advising in strict adherence to country law and international laws governing guarantees(URDG758).
• Processing of documentary collections as per URC 522 with zero tolerance to operational risk.
• Processing Open account transactions such as Invoice discounting, LPO Financing, Contract Financing, Supply Chain Financing amongst others while ensuring that the facilities are correctly approved, securities are perfected as per bank policies and procedures. This will also involve sending branches and customer relevant advices and reminders of maturing bills and past due position of Trade Finance Transactions.
• Confirming FX deals with the Global Markets dealers and reconciliation of Nostro items and ensure closure of the same within 3 days and escalation of items more than 3 days to the manager.
• Keeping safely customers documents and keeping accurate and complete records/files for all transactions as per policy and country law
• Assisting in maintaining an excellent relationship between the bank and its clients, Trade Finance and Branches and any other stakeholders.
• Ensuring Anti-money Laundering guidelines, sanctions restrictions and policies are adhered to and that suspicious transactions are detected and reported.
• Reconciliation of Nostro items that are pertaining trade, while also ensuring that such items are regularized effectively and promptly.
• To ensure safe custody of shipping documents.
  Release of shipping documents in accordance with Trade Finance procedures with zero tolerance to operational risk.
• To provide efficient customer service at the Trade Finance counter and respond promptly and with a helpful attitude to enquiries or requests for onward advice to new or outstanding transactions.
• To participate in Kenya BCP/DRP Testing to ensure that functionality at all times
• Advice Business units, Relationship Managers and Branch Managers on matters relating to customer Limits, pricing, products, service delivery, customer complaints/inquiries and provision of trade services.

Education and Experience

• A Bachelor’s Degree in a related field.
• Diploma/Higher Diploma in Post Graduate Diploma.
• At least 3-5 years’ experience in Trade Finance Back Office roles.

General Competencies

• Team work - Commitment and ability to work with and in cross functional and virtual teams with the Business Units, coupled with ability for straight talking
• Communication - Effectively and concisely communicate key issues and ideas through correspondences and verbally without supervision. Interface with various
  departments effectively to ensure timely delivery of MI in agreement with SLAs in place
• Innovation – Generate new efficient processes and create appealing and cutting edge analysis
• Time management & planning - Ability to juggle priorities, multi- task and execute at speed individually and as part of a team
• Must be able to recognize, anticipate, and create solutions to issues and problems in a timely manner.

Only shortlisted Candidates will be contacted