Senior Trade Officer National Bank Fujairah

National Bank Fujairah is presently hiring suitably qualified & experienced candidate for job role of Senior Trade Officer. The selected candidate will be responsible to verify/authorise transactions processed within agreed service delivery standards strictly as per NBF procedures, Regulatory guidelines and within ICC rules & regulations. Also, role holder will scrutinize and process LC within agreed service delivery standards strictly as per NBF procedures, Regulatory guidelines and ICC rules & regulations.

Responsibilities Of Senior Trade Officer

• Responsible for scrutinizing LC (export & import) documents (either as a first or second checker) as per prescribed threshold limits strictly as per LC terms and ICC guidelines.
• Responsible for verification/authorization of transactions, customer/counter party instructions within the prescribed threshold limits strictly as per laid down policies and procedures.
• Responsible for collection of relevant charges, application of preferential charges/waivers etc for the transactions handled.
• Evaluate the risk of each transaction handled and responsible to raise Transaction ticket for relevant approvals.
• Responsible for reconciliation of NOSTRO and suspense accounts are reconciled within the agreed time lines.
• Ensure that all swift messages prepared by the Processors are verified/authorized EOD review of all NACK/Pending items for rerouting, successful acknowledgement obtained for all transmitted items.
• Responsible for extraction and review of Beginning of Day (BOD) reports from T24 (online and email reports) relating to the jobs currently assigned.
• Responsible for upkeep of relevant files including periodical physical verification of same.
• Responsible for movement of completed documents to off site storage on a regular basis.
• Notification discrepancies, if any, observed are communicated either through T24 or manually and transmission acknowledgement obtained for all rejections.
• EOD review of all pending items to ensure that the team maintains a clean desk policy.
• Strict compliance to Anti Money Laundering guidelines and Bank’s compliance policy.
• Responsible for prompt replies to all messages/faxes/queries from counter parties, Business and customers. Ensure that reporting staff too are following the same.
• Responsible for staff performance appraisal, leave management, management of staff personal development plan and Training requirements.
• Ensure all incidents raise ORER and implement recommended controls strictly.
• Responsible for upkeep of relevant files (overnight) and periodical physical verification (where required).
• Responsible for movement of completed documents to off-site storage on a regular basis (where required)

Requirements of Senior Trade Officer

The requirements for role of Senior Trade Officer in National Bank Fujairah are as under:

• A minimum of Bachelors degree in a business related field.
• 3 year’s prior experience in banking operations or Trade Finance Back office experience

Skilled Desired

• An understanding of AML within the UAE and Central Bank regulations relating to transactional processing.
• Basic computer skills
• Good English language aptitude

Senior Officer Application Development National Bank of Fujairah