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
Trade Finance Operations
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 file needed
Maintenance of trade finance registers & schedules
Attending to correspondences (internal and external)
Responding to open items on reconciliation statements
Ensure prompt review and submission 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
Monitor and ensure compliance with regulations in transaction processing
Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
Ensure adequate and excellent record keeping is maintained
Treasury Operations
Checking and verification of vouchers relating to interbank and client forex transactions and booking the deals in the system
Checking and verification 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
Ensure that SWIFT messages are downloaded and actioned on a daily basis
Daily rates maintenance in the system
Review 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
Ensure that all queries from banks and customers (e.g., non-receipt of outward transfers) are promptly investigated and resolved within stipulated TAT's
Investigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
Review and submission of the various departmental reports (both CBK and management)
Ensure proper records for departmental transactions are maintained
Payments Operations
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
Review and implement robust unit SOPS that ensure full compliance with regulatory requirements
Any other duties as assigned by the line manager.