Associate Trade Finance
Job Description
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.
- 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.
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