Reports
to:
Trade Finance Operations Manager
to:
Trade Finance Operations Manager
About
US:
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.
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.
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:
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:
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:
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
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
7th August 2017
