Specialist- Trade Finance Operations (UAE Nationals Only)

29 أكتوبر، 2022

0 1 3 دقائق

Job Description

Job Description
FAB 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.
The job-holder is responsible for processing or authorising (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 thedepartment in:
Job Specific Accountabilities

The job-holder is responsible forprocessing 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 in
Responsible 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 problems
Correspondence of routine nature with customers and other external/internal contacts
To provide technical guidance to customers when needed
To 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
Zero Ops Loss NIL near miss/ income leakage event , target zero high risk error
Target Zero complaints, minimum 95 percent adherence to TAT standards as agreed with business. Achieve more than 90% satisfaction score in the internal customer survey.
NIL unauthorized breaches in Policy/regulatory requirement ad SOP's. Satisfactory rating in all audits-INA/RMU/OCS/Self- Assessment.
NIL breaches in housekeeping (reconciliations. Tracers ,DCFCL etc.)
NIL critical findings in regulatory/external/internal audits
No. of PI (Process improvements) proposals found fruitful by management. No. of successful PI's implemented
Execute departmental initiatives as advised.
Ensure adherence to Training Man-Days for team and selfExecute departmental initiatives as advised

Qualifications
Minimum Qualification

Bachelor's degree in any stream or related Discipline. CITF/CDCS/CSDG preferred
Through 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 products
Hands on experience on Core Banking Solutions
Specialization in own area of work and working knowledge of all Trade products
Conversant 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.