Officer (Processor-Trade Finance)
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Job Summary
We are currently looking for Officer (Processor-Trade Finance) for our UAE operations
Education:
- Diploma / Bachelors Degree
Professional / Technical Qualifications / Diplomas:
- Conversant with basic banking and trade finance terminologies
- Knowledge on UCP (latest version) Inco-terms ISBP URC (latest version) Uniform Rules for reimbursement URR (latest version) URDG and ICC opinions and preferably CDCS (Certified Documentary Credit Specialist)
Experience:
- 2 - 3 years experience in trade finance or in banking
Other Skills Required for the Job:
- Good Communication skills
- High proficiency in business writing
- Strong analytical and problem solving skills
- Working knowledge of IT applications
- Customer Service
- Team Work
- Proficiency in MS-Office Word Excel Power Point
- Ability to multi-task and capability to deal with pressure
- Familiar with the banks policies and procedures
Duties and Responsibilities:
- Ensure the customer applications / requests received are time-stamped duly completed and signed.
- Process trade transactions (end-to-end) as per the existing Standard Operating Procedures ensuring all activities are completed within the agreed turn-around times with a high degree of accuracy.
- Process Letters of Credits Guarantees and Collections in accordance with international rules and regulations in a way that supports the business units and ensures a good working relationship with Banks clients.
- Ensure to prepare a checklist for all transactions and appropriate approvals are obtained for any deviations from the Standard Operating Procedures.
- Maintain files and update correspondences by recording systematically to ensure efficient retrieval of documents.
- Identify bugs/flaws and propose improvements in systems/ processes to enhance efficiency.
- Secure thorough knowledge on processing of all Trade products and self-train to perform assigned tasks effectively.
- Monitor charges and commissions by maintaining records either manually or via systems for follow-up and recovery.
- Monitor and review Nostro statements on incoming funds for settlement and charges.
- Provide privileged client service to all internal and external queries responding to all emails and phone calls.
- Provide technical advice and consultancy services to internal and external clients by safeguarding bank and customers against fraud and money laundering transactions.
- Pass manual vouchers for transactions if necessary.
Joining time frame: 2 weeks (maximum 1 month)
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Loan Processing
- Typing
- Data Entry
- Customer Service
- Organizational skills
- Basic Math
- Computer Skills
- Fraud
- Microsoft Outlook
- 10 Key Calculator
- Fair Housing Regulations
- Food Processing
About Company
VAM Systems is a Business Consulting, Technology Solutions and Professional Services organization working with major organizations in USA, UAE, Bahrain, India, Singapore and Australia. Delivers leading edge information and communication technology based business solutions to enabl ... View more
