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