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Specialist- Trade Finance Operations

First Abu Dhabi Bank (FAB)
Dubai, United Arab Emirates
Posted 1 year ago
27People have clicked1 open position
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Company DescriptionNow it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.Job DescriptionFAB Centralized Operation is a part of the Business Support Group that provides transaction processing and other operational services to First Abu Dhabi Bank, its subsidiaries and affiliates across various lines of Business. The highest standards of control and risk oversight is maintained to ensure that the large amounts of financial transactions that take place every day do not entail any unanticipated risk to the Bank or its customers.Trade Finance department services the Trade transactions originated primarily by WBG (CIB, CB, FI, IB and Islamic Banking) and also by Consumer Banking.Job Specific AccountabilitiesThe job-holder is responsible for processing or authorizing (as per the delegation provided ) in a sub-section of operations, within a specific product or functional area and ensure quality and timeliness of the delivery in a cost-efficient & error-free manner, subject to high risk management and Bank’s / Regulator’s Compliance standards. S/he is expected to support the department inResponsible for effectively processing/checking, verifying and authorizing transactions as per approval matrix, ensuring processing of transactions is carried out in a controlled manner.Effectively monitoring compliance to regulatory guidelines and local/international sanctions in Trade Finance processes and improving the controls to identify/mitigate risk.Ensuring self and staff adhere to Standard Operating Procedures of FAB at all times and recommend/implement changes in policies, procedures, processes and systems in line with development in the industry.Developing and introducing robust tools/processes to identify/mitigate operational risks attached to the department.Support the line manager in sustaining higher / acceptable rate of Employee Satisfaction in line with Bank Policy.Ensure Anti money laundering, Central Bank guidelines and other internal policies / procedures are strictly followed and any unusual transactions are reported to levels prescribed.Keeping self-apprised of developments taking place in the industry and disseminate them to staff under direct and indirect reporting where applicable.Proactively highlight situations of extraordinary non-operational risks e.g., market and legal risks, which may arise due to transactions that are entered into. Prepare statistical data for internal and external relationship.Deal with internal customers/counterparts in other banks to respond to queries and problemsCorrespondence of routine nature with customers and other external/internal contactsTo provide technical guidance to customers when neededTo hold records in safe custody To participate and implement projects, system development and other initiatives applicable to the department. Support Line Manager in developing, coaching, monitoring staff performance and arranging remedial training where necessary.Support multi desk and multi functions within the department QualificationsMinimum QualificationBachelor’s degree in any stream or related Discipline. CITF/CDCS/CSDG preferredThrough understanding of ICC Rules, Local laws and legal risks, trade documentations. Shipping terms and standard operating procedure of the bank.Minimum Experience & Skills Minimum 5-8 years of experience in Trade finance with hands on experience in all trade finance productsHands on experience on Core Banking SolutionsSpecialization in own area of work and working knowledge of all Trade productsConversant with MS Office and other Analytical tools.Working knowledge of associated activities like the ones related to IMB, Insurance Business, SWIFT etc.,Extensive knowledge of UCP600,URC522,ISBP, URDG758,URR725, Incoterms 2020, ICC banking commission opinions etc.
JobsAccounting/FinanceSpecialist- Trade Finance Operations