Trade Finance Officer - Mombasa

Key Responsibilities: –

1. Reconciliations of suspense and CIT accounts (EURO, USD, KES,)
   

• To scrutinize entries and balance off accounts
  
• To query with Branches on outstanding entries
  
• To post or reverse entries in IMAL if misposted or not posted by Branches
  
• To balance suspense and CIT each day and ensure zero balance, ensure it is checked, verified, and authorized by appropriate Signatories.
  

2. Treasury Back office

• To maintain deal tickets in Islamic treasury module
  
• To maintain payment instructions for Forex deals
  
• To maintain receiving instructions for Forex and investment deals
  
• To prepare settlement instructions for placements
  
• To prepare SWIFT confirmations for the respective deals
  

3. SWIFT/RTGS

i.) SWIFT inward

• To confirm the payment instructions are tested from the receiving Bank
  
• To confirm cover present in our Nostro/ CBK accounts
  
• To record all incoming RTGS/SWIFT in the registers
  
• To convert using the day’s rates as advised by Treasury
  
• To credit the Customer’s account using the accounting module in IMAL
  

ii.) SWIFT outward

• To print the scanned instructions from Branches
  
• To check that the application forms are signed by the respective Signatories
  
• To check that the cover is present in Head Office GENERAL SUSPENSE ACCOUNT
  
• Recording of all outgoing RTGS/SWIFT in the registers
  
• To pass appropriate entries in accounting module IMAL
  
• To Input all messages in SWIFT system
  
• To timely send SWIFT/RTGS confirmations to the branches
  

4. Trade finance

• To prepare letters of Guarantees as received from the branches and recording the same in the register for authorized signatories
  
• To ensure all the documentation is in place before releasing the guarantees
  
• To assist the branches regarding the requirements and the current trade finance tariff
  
• To book and collect charges for all trade finance products in iMAL
  
• To input LCs in Swift and send to the respective banks.
  
• To advise customers of any amendments, queries and documentation required for LC’s
  

5. Reports/Returns

• To prepare CBK various daily and monthly Foreign Exchange returns
  
• To prepare TFA weekly report
  
• Any other report that may be required from time to time.
  

Any other duties that may be assigned to you from time to time by Management

3. Qualifications:

• A Graduate with a finance or Business-related specialization
  
• Minimum 2 years Banking Operations Experience
  
• Exposure to processing of SWIFT, RTGS, EFTs a plus
  

4. Competencies & Attributes:

• Knowledge in Operations particularly KYC and AML
  
• Strong negotiations and commercial skills
  
• Ability to observe strict deadlines for assignments/operations and regulatory submissions;
  
• Have a high sense of accuracy and attention to detail.
  
• Ability to work in a fast-paced environment;
  
• Strong work ethics with passion for championing excellent customer service.
  
• Have good PR/interpersonal skills, have outstanding reporting skills, problem analysis and listening ability.
  
• Honest and with high integrity.
  
• Computer skills: Must be adept in use of MS Word, Excel, Access, power-point, Internet and email.