23.8 C
London
Friday, June 20, 2025
HomeUncategorizedTrade Finance Officer Job - I&M Bank Uganda

Trade Finance Officer Job – I&M Bank Uganda

Date:

Related stories

MUBS Unveils Graduation List Ahead of 16th Graduation Ceremony

Makerere University Business School (MUBS) to Host 16th Graduation...

Gulu University appoints Ruhakana Rugunda as new Chancellor

Gulu University welcomes Dr. Ruhakana Rugunda as its new...

Metropolitan International University kicks off their 5th Graduation ceremony

Metropolitan International University (MIU) celebrates it's 5th Graduation ceremony...

Gulu University Set For 18th Graduation

Gulu University's Academic Registrar announced that the 18th Graduation Ceremony...
spot_imgspot_img

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

Miiro Allan
Miiro Allan
I am a team player who is committed to learning, excellence, ethics and people, also an excellent communicator with great interest in technology innovations, branding and communications for Business and passion for community service and positive change.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Related stories

spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

This site uses Akismet to reduce spam. Learn how your comment data is processed.