Officer (Processor-Trade Finance)

Nair Systems, is a DIFC based, boutique leading edge technology consulting and professional services firm focusing on Digital Banking, Artificial Intelligence, Big Data & Data Analytics, Cyber Security, Blockchain and Cryptocurrency and Robotic Process Automation.  

Nair Systems is 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.

·       Prepare SWIFT messages to correspondent banks for communication and attach transmitted swift copies to the transaction file.

·       Prepare and share draft copy of Letter of Credits and Guarantees to customers.

·       Make a file for each new transaction filing the relevant advices, approvals, swift messages, etc., write the relevant transaction reference number and file the records in chubbs respectively.

·       Pass on the transaction file to checker after processing and ensure that the checker approves / rejects all the transactions before End of Day.

·       Diarize expiry and maturity dates of transactions to follow up and take appropriate actions.

·       Release original documents, advices for onward courier/ dispatch to branches or customers.

·       Periodic follow up with customers and banks for acceptance and settlement of pending documents / transactions.

·       Comply with Credit and Compliance Policies and follow UAE laws and regulations and other respective regulatory bodies while processing transactions.

·       Monthly balancing and physical checking of records and arrange sending old records to godown for archiving periodically.

·       Perform any other duties or responsibilities that are consistent with the employee Role and assigned by the management.

Joining time frame: 2 weeks (maximum 1 month)

Should you be interested in this opportunity, please send your latest resume in MS Word format at the earliest at [HIDDEN TEXT]