Associate Trade Finance

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.