Trade Finance Officer Job – I&M Bank Uganda

Job Title:   Trade Finance Officer (Entry Level Job Opportunities)   

Organisation: I&M Bank Uganda

Duty Station:  Kampala, Uganda

Reports to: Manager, Credit Administration

 

About US:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence.  The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

 

Job Summary:  The Trade Finance Officer will mainly develop and implement strategies that facilitate excellent customer service delivery of the Bank’s Trade Finance services, develop and sustain a customer-focussed service delivery framework, facilitate and assist in international operations product development and knowledge dissemination across the Bank network.

 

Key Duties and Responsibilities:

  • Ensure compliance with the credit policy, all regulatory and statutory requirements.
  • Ensure strict adherence to pre-disbursement and post disbursement conditions.
  • Ensuring that security documentation is perfected before drawing down of credit facilities.
  • Work in partnership with the legal department to ensure all requisite documentation is provided and properly executed prior to disbursement.
  • Ensuring proper approval for all credit facilities and facility utilization is within limit.
  • Effectively handle, check and evaluate export documents and other trade documents in line with UCP 600, URC 522 rules to suit client needs and meet the bank targets.
  • Preparation of daily and weekly LC, FIBC/FOBC and documentary collection reports.
  • Preparation of monthly Trade Finance transaction volume report by 5th of every month.
  • Ensure 0% error rate in transaction processing of transactions
  • Reconciliation of all Nostro accounts designated under responsibility of the role holder and advise Treasury in line with the bank’s operational requirements
  • Ensure SWIFT remittances are correctly input
  • Preparation of confirmations for Guarantees for BOU
  • Ensure that 3rd party screening is carried out on all LC beneficiaries before the LCs are transmitted.
  • Ensure LCs are closed accordingly
  • Ensure reconciliation of all GL accounts pertaining to Trade finance
  • Preparation of monthly guaranteed report
  • Facilitate and assist in Trade finance business product development and knowledge dissemination across the Bank
  • Perform other duties as required by Manager Credit administration

 

Key Performance Indicators:

  • Turnaround time in response to requests for Trade products.
  • Error rate in transaction processing of LCs and documentary collections.
  • Satisfactory rating for BOU, internal Audit and Compliance reviews.
  • Customer satisfaction Level

 Qualifications, Skills and Experience:

  • The applicant must hold a First degree in any discipline with a minimum of a second class lower.
  • Professional qualification and post-graduate qualification in Business related Field is an added advantage
  • At least two (2) years cognate experience in Banking with a minimum of two years in in Trade Finance operations.
  • Hands-on experience in International Trade operations
  • In-depth understanding of the relevant Local and international regulations
  • Banking Operations and control policies
  • Trade Service products and dynamics
  • Good knowledge of international banking operations
  • Analytical, Investigative and problem-solving skills
  • Interpersonal and Computer skills
  • Understanding Risk Management and Internal Control
  • Sound understanding of the banking industry
  • Excellent oral and written communication
  • Excellent relationship management
  • Results-driven orientation & multi-tasking disposition
  • High integrity
  • Satisfactory Customer Service Disposition

 

How to Apply:

All suitably qualified and interested applicants should apply online at the link below.

 

Click Here

 

Deadline: 15th August 2022

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