Wednesday, November 6, 2013

Trade Fiance Officer - Gulf Bank


To perform various standard and specialized processing /clerical duties regarding LC, LG, Collection & Bills in order to initiate processing, liquidation, discounting and acceptance.

Education, Knowledge, Experience and Skills:

Education / Qualifications: Diploma in related studies / Higher Secondary School Certificate

Knowledge: International Customs and Practices (UCP600, URR725, ISBP2007, ISP98, URDG758 & URC 522) and Swift formats.

Experience: 2 - 4 yrs in Documentary Credit  Operations

 Generic & Specific Skills:
    Communication
    Risk Management
    Computer Literacy
    Planning

Accountabilities:
     Processing: Initiate processing of LC, LG, Collection & Bills in the system to generate LC/LG Instrument / Arrival notifications and / or refusal advices to correspondent for discrepant documents and thereby obtain accurate financial data related to LC/LG/Coll and documents.
    Settlement Processing: Process settlement of collection, bills & claims following approved policies and procedures and ensuring approval according to credit delegation.
    Data Entry: Clear outstanding entries in Nostro accounts and close utilized LG/LCs on the system, so that data is well organized.
     Customer Relations: Attend customer queries and respond with required information, ensuring adequate closure for all related queries.
     Document Management: Release documents to customer by acknowledgment of receipt and maintain adequate follow-up with customers on discrepant documents concerning their refusal / acceptance of documents.

Generic Accountabilities:
    Operational Compliance: Adhere to the directives of Line Manager.
     Corporate Governance: Follow all relevant operational procedures and instructions so that work is carried out in a controlled and consistent manner.
     Risk Management: Conform to risk policies and procedures to       minimize the error ratios and customer frauds.
    AML Compliance: Comply with AML and other policies. Ensure to stay updated on all existing rules and changes thereto.

Apply Online

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