Job Purpose Statement
The role holder efficiently and accurately processes and checks various treasury & trade transactions for Bank customers, in accordance with the applicable procedures, rules and Policies, agreed service standards and operational instructions of the Bank.
Key Responsibilities
Financial
Recovery of all commissions due to the Bank for trade transactions
Investigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
Customer
Attending to correspondences (internal and external)
Ensure prompt rendition of both regulatory and internal returns periodically
Handling of trade transaction documents and liaising with customers to ensure prompt release of the same
Resolution of issues in relation to trade transactions
Process vouchers relating to interbank and client forex transactions and booking the deals in the system
Preparation of SWIFT messages to facilitate funds transfers & deal confirmations and other messages incidental to forex transactions and money market/ interbank deals
Ensure prompt settlement of deals to/ from counterparties within stipulated cutoff times
Prompt processing of incoming payments within the agreed SLA.
Prompt processing of outgoing RTGS and TT transfers as received by the branches.
Settlement of KRA payments via swift.
Processing of swift payments received from other departments like finance, Card operations
Internal Business Process
Checking of documentations submitted for trade transactions to confirm completeness and conformity to the Bank's requirements
Maintaining of trade finance files by ensuring that proper filing is done to ensure smooth retrieval of any LC file needed
Maintenance of trade finance registers & schedules
Responding to open items on reconciliation statements
Ensure adequate and excellent record keeping is maintained
Ensure that SWIFT messages are downloaded and processed on a daily basis
Daily rates maintenance in the system
Preparation of reconciliations for the various NOSTRO accounts maintained by the bank
Prompt resolution of open items in the NOSTRO reconciliations
Maintenance of departmental registers & schedules
Preparation and submission of the various departmental reports (both CBK and management)
Ensure proper records for departmental transactions are maintained
Functional responsibilities
Monitor and ensure compliance with regulations in transaction processing
Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
Job Specification
Academic
Minimum of bachelor's degree from a recognized institution
Professional Qualifications & Experience
Professional qualifications in Trade finance and Treasury is preferred.
Desired Work Experience
At least 3 years' experience in Banking Operations
Experience in handling Trade finance, payments and Treasury Operations will offer an additional advantage