Banking Jobs – Trade Finance Specialist at East African Development Bank (EADB)

Job Reference Number: EADB/TFS/2013
Organisation: East African Development Bank (EADB)
Duty Station: Kampala, Uganda
Reports to: Treasury Manager
Job Summary: The Trade Finance Specialist will be responsible for developing and implementing a Trade Finance development programme that allows the EADB to realize its objectives and achieve growth targets. The Specialist is required to ensure that optimal risk management procedures and processes are in place and are being implemented.
Key Duties and Responsibilities:
  • Develop and/ or review the Trade Finance policy and guidelines for the Bank to align them with developments in the market.
  • Develop Trade Finance products that are operationally efficient, responsive to market dynamics and are in line with the Bank’s objectives.
  • Participate in the computerization of Trade Finance processes to provide efficient services to clients.
  • Recognize opportunities for risk participation and take action to turn such opportunities into concrete business transactions.
  • Support the development of an appropriate risk distribution model that safeguards the bank against trading losses, whilst optimizing revenue.
  • Establish relationships and maintain active contact with local and international banks active in Trade Finance.
  • Research the inter-bank market and trade transactions risk premiums to determine pricing and manage risks in the portfolio.
  • Undertake due diligence appraisals of issuing banks and prospective clients to identify solutions for Trade Finance.
  • Respond under tight deadlines to requests for Trade Finance support by structuring negotiating and completing transactions.
  • Advertise the product in the region to generate targeted income/revenues from the product.
  • Maintain good relations with the customers and promote cross selling of the Bank’s other products.
  • Participate in debt collection to minimize losses to the Bank.
  • Give expert advice to investment officers involved in acquiring and implementing Trade Finance projects.
  • Assist the legal team in drafting documentation for approved Trade Finance projects providing guidance on insurance and taxation requirements.
  • Take responsibility for the quality, profitability and growth of the Trade Finance product.
  • Design and implement Trade Finance training programmes and marketing activities for the Bank including management of associated budgets and costs.
  • Undertake market research, study trends, policies and developments in the member states and timorously advise management on their impact to EADB’s Trade Finance investments.
  • Prepare annual work plan with targets and budgets for the Trade Finance product based on approved annual strategic plan to facilitate own performance management for management’s approval. 
Qualifications, Skills & Experience:
  • The Trade Finance Specialist should hold a Bachelor’s Degree in Commerce, Finance, Economics, Mathematics, or other quantitative or science degree in a related field;
  • Additional postgraduate degree in Business, Finance, Accounting or related fields.
  • A minimum of five (5) years’ experience undertaking successful Trade Finance transactions in East Africa or Southern Africa and/or the rest of Africa is mandatory;
  • Also, at least five (5) years as a manager of a Trade Finance Unit or department with a bank and possession of demonstrable capacity for leadership;
  • High level of structuring and credit analysis skills experience;
  • Experience of risk management in relation to Trade Finance, commodity finance, cash-flow based lending and/or and treasury operations;
  • Proven track record and substantive experience in concluding major transactions, including import loans, ECA, pre-export finance and structured receivables financing; applying expertise in analyzing complex and unusual transactions;
  • Ability to deal sensitively in multi-cultural environments and build effective working relations and colleagues;
  • Ability to operate effectively across organizational boundaries and work as team to meet strict timelines;
  • Experience of working with a large financial institution, or multilateral organization; and
  • International exposure will be an added advantage.
  • High level of Integrity.
  • Good understanding of taxation laws/regulations in the member states.
  • Proven networking ability, Attention to detail and customer service orientation, Excellent oral and written communication skills.
  • Extensive analytical skills as well as problem identification and solving skills.
  • Self-driven with the ability to work with minimum supervision.
  • Ability to lead teams of experts, Results driven.
How to Apply:
All prospective candidates with aspirations of working with the East African Development Bank should write to us in confidence quoting the position title on the subject of the email or cover letter. The complete applications should include a curriculum vitae, a working e-mail address, daytime telephone contacts, qualifications, experience, present position, current remuneration, names and addresses of three referees which should be sent via E-mail only to: esdeadb@kpmg.co.ke. Applicants for all positions must be nationals of the EADB Member States except where expressly indicated.
Applicants will be required to address the following information directly to KPMG:
  • A reference letter from their immediate past employer.
  • A character reference from an individual who has known the applicant for at least 3 years.
NB: The EADB reserves the right not to offer or make any appointments, and to offer and make appointments on other terms and conditions. Successful candidates should be ready to assume duty before 1 October 2013. Only contact applicants being considered for an interview.
Deadline: 22nd July, 2013

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