Job Title: Trade Finance Officer
Uganda Development Bank Ltd (UDBL) is the country’s only Development Finance Institution (DFI) established in 1972. The Bank has recently re-positioned itself as a partner to the Government of Uganda in delivering the theme of its National Development Plan.
Job Summary: The Trade Finance Officer acts as a central support to the trade finance front office and Business Development team in structuring & execution of trade finance deals including, issuance of trade instruments, transactional support, reconciliations, collateral management and trade settlements.
Key Duties and Responsibilities:
- Perform all trade finance operational functions of the Bank and coordinate with other units to ensure smooth execution of day-to-day trade finance activities in an effective and efficient manner.
- Actively participate in structuring and documentation of all trade finance deals, and perform compliance checks prior to disbursements.
- Initiate, review and implement all collateral management agreements with collateral mangers.
- Co-ordinate with monitoring, implementation and recoveries unit constantly to ensure compliance with loan covenants.
Qualifications, Skills and Experience:
- The ideal candidate for the aforementioned banking job should hold a first degree preferably in Commerce/ Economics/Finance/Business studies or any other relevant course with a minimum of a second class lower;
- Possession of a relevant postgraduate or a trade finance related professional qualification like CDCS or CITF, CSDG would be an added advantage.
- At least three to six years’ cognate experience in trade finance operations in a busy environment preferable within a financial institution.
- Good working knowledge of ICC rules such as UCP 600, URDG and URC and ISP 98;
- Comprehensive knowledge and understanding of field ware housing, collateral management and ware house receipt system;
- Good credit analytical skills; good presentation skills;
- Possess the ability to work with minimum supervision; passion/self-motivation;
- Ability to work under pressure
How to apply for the job:
If interested in working in the banking sector with Uganda Development Bank Ltd (UDBL), please send or deliver your application which should include an up-to-date curriculum vitae, photocopies of academic documents and contact addresses of three professional referees to the Director, Human Resources & Administration, 1st Floor Wing B, Rwenzori Towers, Plot 6 Nakasero Road. P.O. Box 7210, Kampala. Uganda.
NB: Any form of canvassing shall lead to automatic disqualification.
Deadline: Friday 28th March, 2014 by 5:00pm
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