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: 15^th August 2022

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