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Only on Fuzu
Trade & Treasury Back Office Officer - Operations Department
Closing: Jan 31, 2023
Closing todayPublished: Jan 24, 2023 (8 days ago)
Job Requirements
Education:
Work experience:
Language skills:
Job Summary
Contract Type:
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The incumbent shall be responsible for developing and implementing an Operational Strategy that facilitates excellent customer service delivery of the bank’s International banking services as well as ensure that counter party deals concluded by treasury front office are accurately and timely processed to conclusion. In addition, they shall also ensure that all remittances (outward and inward) are duly approved and processed as per the Bank’s laid down procedures thus avoiding any loss.
Responsibilities
The incumbent shall be responsible for developing and implementing an Operational Strategy that facilitates excellent customer service delivery of the bank’s International banking services as well as ensure that counter party deals concluded by treasury front office are accurately and timely processed to conclusion. In addition, they shall also ensure that all remittances (outward and inward) are duly approved and processed as per the Bank’s laid down procedures thus avoiding any loss.
Trade Operations
Checking of documentations submitted for trade transactions to confirm completeness and conformity to the Bank’s requirements
Timely processing of trade transactions in the core banking and SWIFT
Recovery of all commissions due to the Bank for trade transactions
Maintaining of trade finance files by ensuring that proper filing is done to ensure smooth retrieval of any LC file needed
Maintenance of trade finance registers & schedules
Attending to correspondences (internal and external)
Responding to open items on reconciliation statements
Ensure prompt rendition of both regulatory and internal returns periodically
Handling of trade transaction documents and liaising with customers to ensure prompt release of the same
Resolution of issues in relation to trade transactions
Monitor and ensure compliance with regulations in transaction processing
Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
Ensure adequate and excellent record keeping is maintained
Treasury Operations
Process vouchers relating to interbank and client forex transactions and booking the
deals in the systemPreparation of SWIFT messages to facilitate funds transfers & deal confirmations and
other messages incidental to forex transactions and money market/ interbank dealsEnsure prompt settlement of deals to/ from counterparties within stipulated cut-off
timesEnsure that SWIFT messages are downloaded and printed on a daily basis
Daily rates maintenance in the system
Preparation of reconciliations for the various NOSTRO accounts maintained by the bank
Prompt resolution of open items in the NOSTRO reconciliations
Maintenance of departmental registers & schedules
Ensure that all queries from banks and customers (e.g. non receipt of outward
transfers) are promptly investigated and resolved within stipulated TAT’sInvestigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
Preparation and submission of the various departmental reports (both CBK and management)
Ensure proper records for departmental transactions are maintained
Payments Operations
Prompt processing of incoming payments within the agreed SLA.
Prompt processing of outgoing RTGS and TT transfers as received by the branches.
Settlement of KRA payments via swift.
Processing of swift payments received from other departments like finance, Card operations
Professional Qualifications and Experience:
A minimum of Bachelor's degree/Diploma.
At least 3 years’ experience in handling Trade finance, payments and Treasury Operations
Good treasury products and operations knowledge
Good accounting & reconciliations knowledge
Good knowledge of international payment systems
International law, conventions customs and practices of International Trade
International banking operations
Trade Finance product knowledge
International Trade regulatory knowledge
Good knowledge of International payment systems and conventions
SWIFT proficiency
Skills/Competencies:
Excellent customer service disposition
Professional conduct
High level of integrity/ Sense of responsibility
Numerate skills
Attention to detail
Excellent communication, presentation and interpersonal skills
Fast and error free processing
Ability to work under pressure
Good documentation and process management skills
Analytical/ problem solving with superior conflict resolution skills
Applications submitted via Fuzu have 32% higher chance of getting shortlisted.