Trade Finance Officer - Banking at VAM Systems

Sharjah, Sharjah, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

03 Jun, 26

Salary

0.0

Posted On

05 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Trade Finance, UCP, Inco-terms, ISBP, URC, URRD, CDCS, Business Writing, Analytical Skills, Problem Solving, Customer Service, Team Work, MS-Office, Multi-tasking, Fraud Prevention, Money Laundering

Industry

IT Services and IT Consulting

Description

Job Description We are currently looking for Officer (Processor-Trade Finance) for our UAE operations Education: Diploma / Bachelor’s Degree Professional / Technical Qualifications / Diplomas: Conversant with basic banking and trade finance terminologies Knowledge on UCP (latest version), Inco-terms, ISBP, URC (latest version), Uniform Rules for reimbursement URR (latest version), URDG and ICC opinions and preferably CDCS (Certified Documentary Credit Specialist) Experience: 2 - 3 years’ experience in trade finance or in banking Other Skills Required for the Job: Good Communication skills High proficiency in business writing Strong analytical and problem solving skills Working knowledge of IT applications Customer Service Team Work Proficiency in MS-Office – Word, Excel, Power Point Ability to multi-task and capability to deal with pressure Familiar with the bank’s policies and procedures Duties and Responsibilities: Ensure the customer applications / requests received are time-stamped, duly completed and signed. Process trade transactions (end-to-end) as per the existing Standard Operating Procedures ensuring all activities are completed within the agreed turn-around times with a high degree of accuracy. Process Letters of Credits, Guarantees and Collections in accordance with international rules and regulations in a way that supports the business units and ensures a good working relationship with Bank's clients. Ensure to prepare a checklist for all transactions and appropriate approvals are obtained for any deviations from the Standard Operating Procedures. Maintain files and update correspondences by recording systematically to ensure efficient retrieval of documents. Identify bugs/flaws and propose improvements in systems/ processes to enhance efficiency. Secure thorough knowledge on processing of all Trade products and self-train to perform assigned tasks effectively. Monitor charges and commissions by maintaining records either manually or via systems for follow-up and recovery. Monitor and review Nostro statements on incoming funds for settlement and charges. Provide privileged client service to all internal and external queries responding to all emails and phone calls. Provide technical advice and consultancy services to internal and external clients by safeguarding bank and customers against fraud and money laundering transactions. Pass manual vouchers for transactions, if necessary. Joining time frame: 2 weeks (maximum 1 month)

Responsibilities

The officer is responsible for processing trade transactions end-to-end, including Letters of Credit, Guarantees, and Collections, ensuring accuracy and adherence to established turn-around times. Duties also involve maintaining systematic records, monitoring charges, reviewing Nostro statements, and providing technical advice to clients while safeguarding against fraud.