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

Organization: DFCU
Bank
Duty Station: Kampala,
Uganda
Reports to: Manager
Trade Finance and Financial Market Operations
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 the responsibility of reviewing and authenticating
of back office activities of the Trade Finance products i.e. Letters of Credit,
Guarantees, Bills and forward contracts in accordance with regulatory and
operating guidelines to minimise risk and prevent fraud.
Key Duties and Responsibilities: 
  • Tasked with verification and authorization of all trade transactions
    and documentation, including Import and Export transactions, Letters of
    Credit, guarantees, Import/Export bills, Contract Finance, Forwards, and
    all the other Trade Finance products.
  • Oversee the performance of due diligence checks on the Trade
    documentation prior to execution of transactions.
  • Prepare Drafts and Trade Finance documents e.g. Letters of Credit,
    guarantees, etc. in accordance with the operating guidelines.
  • Proactively review, investigate and clear any reconciliation items
    on Nostro, LCs and Guarantees (cash and non-cash covered).
  • Administer and monitor Trade Finance products by carrying out the
    various processes at the different stages in the life cycle of these
    products as well as keeping customers and the business informed at every
    stage.
  • Receive and resolve customer queries in the trade finance operations
    within the agreed timelines and the mutual satisfaction of all parties.
  • Compliance with the set service standards and escalation of any
    exceptions.
  • Identifying process gaps and implementing process Improvements in
    Trade Operations whilst minimizing risk.
  • Escalation though incident of any process gaps that result into
    potential or actual operational losses to the Trade Finance and Financial
    Markets Operations Manager.
  • Incident reporting.
  • Develop Trade Finance Operations officers in the unit through
    training, mentoring and coaching.
  • Spearhead the implementation of the initiatives to improve process
    improvements in the unit.
  • Identify and report suspicious activity in line with the AML/CFT,
    KYC programs in and the bank policies / regulatory framework.
  • Prepare and submit regulatory reports and any other month end report
    to regulators and other related parties.



Qualifications, Skills and Experience:
  • The applicant for the DFCU Bank Senior Banking Officer- Trade
    Finance Operations job placement must hold a Bachelor’s degree required in
    Commerce, Accounting or Business Statistics or another field.
  • Trade Certification (ACI).
  • Four years of related work experience in Bank Operations preferably
    Trade finance operations.
  • Up to date knowledge of current Trade finance and Back Office
    operating practices and procedures.
  • Up to date knowledge of compliance matters, including KYC, AML, and
    CFT issues.
  • Ability to supervise, train staff, including organizing, prioritizing,
    and scheduling work assignments.
  • General awareness of risk management practices.
  • Conversant with SWIFT Operations.
  • Insight into the rules and regulations that govern Trade Finance.
  • The ability to engage with all the key stake holders in and out of
    the organization.
  • Excellent interpersonal and communications skills.
  • Proactive approach to work with a high level of maturity and
    self-drive.
  • Strong problem solving skills.
  • High level of integrity and ethical standards.
  • Employee development and Performance management skills.
  • Strong skills at relationship building.
  • Analytical skills.
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 (University
Transcript, O & A level) to: Vacanciesbank@dfcugroup.com
Deadline: 27th September 2019
NB: dfcu
Bank does not solicit/accept payment in cash/kind from prospective candidates
in exchange for shortlisting or job placement. Any candidate who engages in
this kind of transaction is aiding and abetting fraud and will be automatically
disqualified.
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