الرئيسية / الوظائف / 4018 مشاهدة12 مارس 2024


Trade Finance LCs & IBCs Officer at Abu Dhabi Islamic Bank - STJEGYPT



Trade Finance LCs & IBCs Officer at Abu Dhabi Islamic Bank - STJEGYPT

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Work Type : Full Time
Experience : 0-3 Years




Gender : male and female
Salary: Not mentioned
Salary Type : Net Salary
Location: Cairo,EG

Key Responsibilities

• Receive all the related documents to LCs and notify the importer who reviews and uses them to take possession of the goods from the port.

• Receive IBCs applications or FX requests that indicate that customer needs to pay the value of IBCs document using the banks resources.

• Check the letter of credits and IBCs terms, conditions and goods description to ensure that it is in compliance with the banks policies and Sharia.

• Review and ensure that the following points are clearly indicated in LCs or IBCs to ensure that all data are complete and accurate:

o Applicants and beneficiarys full names and addresses

o Amount and currency

o Terms of payment and delivery

o Origin and port of shipment and destination, partial and transshipment

o L/Cs number

o Value of shipped goods

o Goods description and authorization to debit A/C

o Clients approval to pay any shipping fees, penalties or fines

o All required documents and additional conditions mentioned in the LC application/annex

• Receive and check any amendment in the letter of credit, either through “SWIFT” or “Airmail” in order to check its level of authenticity.

• Check the clients position and take part in setting approvals for any increase or extension.

• Check the availability of sufficient balance in the clients account to ensure that it covers the required commission and charges.

• Check black list for the involved parties or countries to ensure that they are outside the list and reduce the overall level of risk.

• Prepare letters of credit in accordance with the terms specified and transmit them to the advising bank in addition to requesting the same bank in order to get credit advice.

• Prepare and check monthly exhibit for all the outstanding opened letters of credit.

• Prepare CBE reports on weekly basis, outstanding letters of credit, letters of credit on monthly basis and the original shipping documents.

• Deliver confirmation letter and attachments to customer delegated representative against signature on a copy of the letter.

• Send SWIFT copies to the related branch to be delivered to customers.

• Execute debiting and crediting processes in the banks “NOSTRO” on the Trade Wind System.

• Process all items in order to achieve quality standards of service and accuracy.

• Processes all trade and documentary collection instruments under the supervision of both senior officer and team leader.

• Communicate with the trade department via mail in order to confirm that the equivalent funds exist in the customers account.

• Respond to any daily inquiries and requests received from branches and other units under the supervision of both senior officer and team leader.

• Re-scrutinize the documents and obtain approvals for data on “Trade Wind” as well as any additional necessary approvals or signatures as per delegation matrix.

• Scan the covering schedule and send it via e-mail to the branch operations officer or the branch trade officer in order to be signed at the branch and dispatched to the collecting bank by courier.

• Keep the original instructions to be sent to stores for archiving and kept according to the retention period.

• Keep customer file in fireproof cabinet under dual control.

• Register the documents in a special register.

• Prepare MIS accurately in order to meet the target time.

• Execute UAT testing and review the results to ensure correct implementation.

• Investigate to solve received complaints in cooperation with Consumer Rights Protection – Compliance & Governance – in accordance with the policies and procedures and identified SLA.

• And any other assigned Tasks.

Minimum Qualifications

· Bachelor degree

Minimum Experience:

  • Officer: 2-5 years of relevant experience


Apply Now

للمزيد من الوظائف فى تخصص

Banking


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