Senior Banking Officer –Trade Finance Operations Job Placement – DFCU Bank

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Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Reports to: Trade Finance
Operations Manager
About US:
DFCU bank is a fast growing commercial bank offering a variety of
innovative products and services. DFCU Limited was started by the Commonwealth
Development Corporation (CDC) of the United Kingdom and the Government of
Uganda through the Uganda Development Corporation (UDC) under the name of
Development Finance Company of Uganda Limited. Later restructuring brought in
DEG (of Germany) and International Finance Corporation (IFC) as equal partners
with CDC and UDC, each having a 25% stake in the company. Its objective was to
support long-term development projects whose financing needs and risk did not
appeal to the then existing financial commercial lending institutions.
Job Summary: The Senior
Banking Officer –Trade Finance Operations is charged with reviewing and
authenticating of foreign currency wire remittances; Letters of credit; Guarantees
and Foreign currency Bills in accordance with regulatory and operating
guidelines so as to minimize risk and prevent fraud.
Key Duties and
Responsibilities:  
  • The
    jobholder will prepare letters of credit drafts and issue final Letters
    of Credit in accordance with the operating guidelines.
  • The
    incumbent will also verify and authorize all trade finance Vouchers
    /documents in line with operating procedure.
  • Administer
    and monitor LCs, documentary collections and foreign bills of collection
    by carrying out the various processes at the different stages in
    the life cycle of these products.
  • Prepare
    and submit regulatory reports for Trade Finance products to the central
    bank in a timely manner.
  • The
    incumbent will identify exceptions/suspicious transactions and escalate
    them to the Line Manager or Risk in a timely manner.
  • Verify
    and authorize correctness of outward Transactions on the Swift System in
    accordance with operating guidelines.
  • Receive
    and resolve customer queries in the trade finance operations within
    the agreed timelines.
  • Reconcile
    Collection documents, draft stock for all foreign currency, and ensure
    that they are kept under safe custody.
  • Own
    and resolve outstanding items (if any) on the Bank’s Nostro
    accounts



Qualifications, Skills and
Experience:
  • The applicant for the DFCU Bank Senior
    Banking Officer –Trade Finance Operations job opportunity must hold a University Degree
  • At
    least five years of related working experience in Bank operations.
  • Comprehensive
    knowledge and understanding of Bank procedures, policies and regulatory
    requirements.
  • Thorough
    knowledge of Trade Finance Operations and good interpretation of
    consequences.
  • Familiarity
    with Swift operations including RMA set up.
  • Excellent
    interpersonal and Communication Skills
  • Ability
    to work with diverse groups of people.
  • Proactive
    approach to work with a high level of maturity and self-drive.
  • Strong
    problem solving skills.
  • High
    level of integrity and ethical standards.
How to Apply:
All candidates who so wish to join the banking sector in the aforementioned
capacity are encouraged to send their applications with detailed CVs including
present position and copies of relevant professional/academic certificates to:
Vacanciesbank@dfcugroup.com
Deadline: 7th August 2017
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