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FAB Bank Jobs In Kuwait | Manager, Trade Finance Operations Kuwait City

2021-05-31 07:00:41
FAB Bank Jobs in Kuwait | Manager, Trade Finance Operations Kuwait City
First Abu Dhabi Bank - FAB

Job Description

Duties and Responsibilities

Your main responsibilities in this role include the following:
• Be responsible for accurate and timely maintenance / verification of customer’s and Correspondent’s Lines for LC and LGs and to ensure that all transactions are processed within the allocated limit and obtain appropriate approval for excess if any.
• Check all LC applications for clarity, completeness and conformity with International Code of Uniform Customs and Practices for Documentary credit.
• Check all Import and Export documents, handle SWIFT messages, handling discrepancies, placing reserve, request for refund of amount paid, claiming interest etc.
• Keep abreast of developments and changes in Import Regulations, UCP and other legal aspects.
• To prepare financial vouchers relating Documentary Credits, Guarantees, Loan and other similar transactions based on the approved documents, secure approvals and data entry in Intellect. Prepare LC and... LG instruments, either on hard copy or through Swift, handle the documents relating to these transactions.
• Prepare and monitor all types of Letter of Guarantees.
• To handle bills on collection both inward and outward, prepare necessary vouchers, advice to customers, prepare settlement instructions and keep proper follow up.
• Maintain all necessary registers of the transactions entered into like LC Opened, LGs opened, Bills Received on Collection and Sent on Collection and their negotiation and realizations.
• Diarize maturities for acceptance Bills, prepare necessary communication to Negotiating Bank and settle the bills at maturity.
• To give orientation and specific on the job training and guidance to Juniors / New staff
• Assist in specifying the detailed requirements for the enhancement of the existing Intellect system and or new Trade Finance system.
• Verify and reconcile all outstanding items of TFD.
• To comply with the all Internal Control Requirements as detailed in the check list and maintain proper record of the exceptions.
• Prepare periodic MIS related to TFD and the periodic returns to CBK and HO
• To verify the various reports of the section and to ensure that all entries are correct and are according to the tariff and procedure.
• Attend and handle all customer queries and correspondence and ensure to provide outstanding customer service at all times.
• Any other activities, not specifically detailed but related to banking transactions, against approved documents.;

Job Requirements
• Job Details

Company: First Abu Dhabi Bank - FAB

Employment Type: Full-time

Job Location: Kuwait

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Relevant Links:
• Banking jobs in KWT
• Business Development
• FAB careers
• Finance
• jobs in Kuwait
• Management
• Operations

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Kuwait City Kuwait
FAB Bank Jobs in Kuwait | Manager, Trade Finance Operations Kuwait City First Abu Dhabi Bank - FAB Kuwait City
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