Trade Finance Officer Job - I&M Bank Uganda

Job Title: Trade Finance Officer (Entry Level Job Opportunities)

Organisation: I&M Bank Uganda

Duty Station: Kampala, Uganda

Reports to: Manager, Credit Administration

About US:

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

Job Summary: The Trade Finance Officer will mainly develop and implement strategies that facilitate excellent customer service delivery of the Bank’s Trade Finance services, develop and sustain a customer-focussed service delivery framework, facilitate and assist in international operations product development and knowledge dissemination across the Bank network.

Key Duties and Responsibilities:

Ensure compliance with the credit policy, all regulatory and statutory requirements.
Ensure strict adherence to pre-disbursement and post disbursement conditions.
Ensuring that security documentation is perfected before drawing down of credit facilities.
Work in partnership with the legal department to ensure all requisite documentation is provided and properly executed prior to disbursement.
Ensuring proper approval for all credit facilities and facility utilization is within limit.
Effectively handle, check and evaluate export documents and other trade documents in line with UCP 600, URC 522 rules to suit client needs and meet the bank targets.
Preparation of daily and weekly LC, FIBC/FOBC and documentary collection reports.
Preparation of monthly Trade Finance transaction volume report by 5th of every month.
Ensure 0% error rate in transaction processing of transactions
Reconciliation of all Nostro accounts designated under responsibility of the role holder and advise Treasury in line with the bank’s operational requirements
Ensure SWIFT remittances are correctly input
Preparation of confirmations for Guarantees for BOU
Ensure that 3rd party screening is carried out on all LC beneficiaries before the LCs are transmitted.
Ensure LCs are closed accordingly
Ensure reconciliation of all GL accounts pertaining to Trade finance
Preparation of monthly guaranteed report
Facilitate and assist in Trade finance business product development and knowledge dissemination across the Bank
Perform other duties as required by Manager Credit administration

Key Performance Indicators:

Turnaround time in response to requests for Trade products.
Error rate in transaction processing of LCs and documentary collections.
Satisfactory rating for BOU, internal Audit and Compliance reviews.
Customer satisfaction Level

Qualifications, Skills and Experience:

The applicant must hold a First degree in any discipline with a minimum of a second class lower.
Professional qualification and post-graduate qualification in Business related Field is an added advantage
At least two (2) years cognate experience in Banking with a minimum of two years in in Trade Finance operations.
Hands-on experience in International Trade operations
In-depth understanding of the relevant Local and international regulations
Banking Operations and control policies
Trade Service products and dynamics
Good knowledge of international banking operations
Analytical, Investigative and problem-solving skills
Interpersonal and Computer skills
Understanding Risk Management and Internal Control
Sound understanding of the banking industry
Excellent oral and written communication
Excellent relationship management
Results-driven orientation & multi-tasking disposition
High integrity
Satisfactory Customer Service Disposition