| Description: |
Nair Systems is 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 Bank's 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.
Prepare SWIFT messages to correspondent banks for communication and attach transmitted swift copies to the transaction file.
Prepare and share draft copy of Letter of Credits and Guarantees to customers.
Make a file for each new transaction filing the relevant advices, approvals, swift messages, etc., write the relevant transaction reference number and file the records in chubbs respectively.
Pass on the transaction file to checker after processing and ensure that the checker approves / rejects all the transactions before End of Day.
Diarize expiry and maturity dates of transactions to follow up and take appropriate actions.
Release original documents, advices for onward courier/ dispatch to branches or customers.
Periodic follow up with customers and banks for acceptance and settlement of pending documents / transactions.
Comply with Credit and Compliance Policies and follow UAE laws and regulations and other respective regulatory bodies while processing transactions.
Monthly balancing and physical checking of records and arrange sending old records to godown for archiving periodically.
Perform any other duties or responsibilities that are consistent with the employee Role and assigned by the management.
Joining time frame: 2 weeks (maximum 1 month)
Should you be interested in this opportunity, please send your latest resume in MS Word format at the earliest at nishanthini.suda[at]nairsystems.com
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