Senior Banking Officer – Trade Finance Operations Job Placement – DFCU Bank

Job Title:   Senior Banking
Officer – Trade Finance Operations

Organisation: DFCU
Bank

Duty Station: Kampala, Uganda

Reports to: Manager
Trade Finance and Financial Market Operations

About US:

DFCU Bank is a fast
growing commercial bank offering a variety of innovative products and services.
DFCU Limited was started by the Commonwealth Development Corporation (CDC) of
the United Kingdom and the Government of Uganda through the Uganda Development
Corporation (UDC) under the name of Development Finance Company of Uganda
Limited. Later restructuring brought in DEG (of Germany) and International
Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25%
stake in the company. Its objective was to support long-term development
projects whose financing needs and risk did not appeal to the then existing
financial commercial lending institutions.

                               

Job Summary:  The Senior Banking Officer- Trade Finance
Operations is responsible for the reviewing and authenticating of back office
activities of the Trade Finance products i.e. Letters of Credit, guarantees,
Bills and forward contracts in accordance with regulatory and operating
guidelines to minimize risk and prevent fraud.

Key Duties and Responsibilities:  

·       
Verification
and authorization of all trade transactions and documentation, including Import
and Export transactions, Letters of Credit, guarantees, Import/Export bills,
Contract Finance, Forwards, and all the other Trade Finance products

·       
Oversee
the performance of due diligence checks on the Trade documentation prior to
execution of transactions.

·       
Prepare
Drafts and Trade Finance documents e.g. Letters of Credit, guarantees, etc. in
accordance with the operating guidelines.

·       
Proactively
review, investigate and clear any reconciliation items on Nostro, LCs and
Guarantees (cash and non-cash covered).

·       
Administer
and monitor Trade Finance products by carrying out the various processes at the
different stages in the life cycle of these products as well as keeping customers
and the business informed at every stage.

·       
Receive
and resolve customer queries in the trade finance operations within the agreed
timelines and the mutual satisfaction of all parties.

·       
Compliance
with the set service standards and escalation of any exceptions

·       
Identifying
process gaps and implementing process Improvements in Trade Operations whilst
minimizing risk.

·       
Escalation
though incident of any process gaps that result into potential or actual
operational losses to the Trade Finance and Financial Markets Operations
Manager. Incident reporting

·       
Develop
Trade Finance Operations officers in the unit through training, mentoring and
coaching.

·       
Spearhead
the implementation of the initiatives to improve process improvements in the
unit

·       
Identify
and reporting suspicious activity in line with the AML/CFT, KYC programs in and
the bank policies / regulatory framework.

·       
Prepare
and submit regulatory reports and any other month end report to regulators and
other related parties.

Qualifications, Skills and Experience:

·       
The
applicant for the DFCU Bank Senior Banking Officer- Trade Finance Operations job
must hold a Bachelor’s degree required in Commerce, Accounting or Business
Statistics or another field

·       
Trade
Certification (ACI)

·       
At least
four years of experience working in Bank Operations preferably Trade finance
operations

·       
Up to
date knowledge of current Trade finance and Back Office operating practices and
procedures.

·       
Up to
date knowledge of compliance matters, including KYC, AML, and CFT issues.

·       
Ability
to supervise, train staff, including organizing, prioritizing, and scheduling
work assignments.

·       
General
awareness of risk management practices

·       
Conversant
with SWIFT Operations

·       
Insight
into the rules and regulations that govern Trade Finance

·       
The
ability to engage with all the key stake holders in and out of the
organization.

·       
Excellent
interpersonal and communications skills

·       
Proactive
approach to work with a high level of maturity and self-drive

·       
Strong
problem-solving skills

·       
High
level of integrity and ethical standards

·       
Employee
development and Performance management skills.

·       
Strong
skills at relationship building

·       
Analytical
skills

How to Apply:

All suitably
qualified and interested candidates are encouraged to
send applications with detailed CV’s including present position
and copies of relevant professional/academic certificates (University
Transcript, O & A level) to the email address indicated below;
Vacanciesbank@dfcugroup.com

Deadline: 12th June 2020

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latest jobs, please visit https://www.theugandanjobline.com or
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