Job Location:
Head Office, HQ
Nafasi za Kazi
Ajira Portal
Job Purpose:
To administer and support the operations of trade finance products, ensuring they function effectively, efficiently, and in compliance with regulatory and internal requirements.
Main Responsibilities:
- Develop weekly, quarterly, and monthly plans to achieve annual objectives.
- Monitor and manage key risk indicators, escalating issues promptly.
- Adhere to delegated authority matrices during transaction processing.
- Conduct pre-submission screening of trade transactions (AML/sanctions checks) using the AML checklist.
- Verify availability of valid, approved customer facility letters for LCs, guarantees, avalized bills, and trade loans. Confirm utilization aligns with approved limits, pricing, and terms before submission.
- Perform daily reviews of trade finance entries and end-of-month reconciliations for LCs, Cash Cover, Guarantees, and Trade Loans.
- Ensure compliance with operations manuals and process maps for trade finance products, handling applications, payments, and claims accurately and efficiently.
- Process and review inward/outward SWIFT messages daily, tracking closure.
- Monitor maturity reports for LC Bills, Import LCs, Bank Guarantees, Trade Loans, and unpaid Export Bills, initiating settlement/closure for expired or non-performing contracts.
Knowledge and Skills:
- Expertise in trade finance product operations and terms.
- Understanding of Financial Consumer Protection Regulations.
- Knowledge of international trade operations and associated risks.
- Proficiency in KYC, customer due diligence, and financial crime monitoring.
- Strong analytical, communication, report-writing, and interpersonal skills.
- Negotiation skills.
Qualifications and Experience:
- Bachelor’s degree in banking, finance, accounting, or related fields.
- CITF, CPA, or CPB certification (advantageous).
- Minimum 2 years of experience in trade finance operations.
- Prior banking operations experience, preferably in payments.
Additional Information:
- NMB Bank Plc is an Equal Opportunity Employer. We promote diversity and gender balance.
- Female candidates and persons with disabilities are strongly encouraged to apply.
- Note: NMB Bank does not charge fees during the application or recruitment process. Disregard any payment requests.
- Only shortlisted candidates will be contacted.
Dates:
- Opening: 04-Feb-2025
- Closing: 11-Feb-2025
