Sr. Officer - Trade Services Job | Fujairah, UAE

Sr. Officer - Trade Services Job

National Bank of Fujairah, Fujairah, United Arab Emirates

Job Title: Sr. Officer - Trade Services

Posting Start Date: 11/02/2025

Job Description:

Job Purpose

To verify/authorise transactions processed within agreed service delivery standards strictly as per NBF procedures, Regulatory guidelines and within ICC rules & regulations. To scrutinise and process LC within agreed service delivery standards strictly as per NBF procedures, Regulatory guidelines and ICC rules & regulations.

Key Accountabilities

1. Responsible for scrutinising LC (export & import) documents (either as a first or second checker) as per prescribed threshold limits strictly as per LC terms and ICC guidelines.
2. Responsible for verification/authorisation of transactions, customer/counter party instructions within the prescribed threshold limits strictly as per laid down policies and procedures.
3. Responsible for collection of relevant charges, application of preferential charges/waivers, etc. for the transactions handled.
4. Evaluate the risk of each transaction handled and responsible to raise Transaction ticket for relevant approvals.
5. Responsible for reconciliation of NOSTRO and suspense accounts are reconciled within the agreed time lines.
6. Ensure that all swift messages prepared by the Processors are verified/authorised; EOD review of all NACK/Pending items for rerouting; successful acknowledgement obtained for all transmitted items.

Other Accountabilities

1. Responsible for extraction and review of Beginning of Day (BOD) reports from T24 (online and email reports) relating to the jobs currently assigned.
2. Responsible for upkeep of relevant files including periodical physical verification of same.
3. Responsible for movement of completed documents to off site storage on a regular basis.
4. Notification discrepancies, if any, observed are communicated either through T24 or manually and transmission acknowledgement obtained for all rejections.
5. EOD review of all pending items to ensure that the team maintains a clean desk policy.
6. Strict compliance to Anti Money Laundering guidelines and Bank's compliance policy.

Job Context

1. Evaluate LC clauses & the discrepancies observed and escalate/discuss with Section Head/Unit Head in case of any ambiguity or potential risk items.
2. Responsible for upkeep of relevant files (overnight) and periodical physical verification (where required).
3. Responsible for movement of completed documents to off-site storage on a regular basis (where required).
4. Back up to Document Processors or Document Verifiers, at times of need.
5. Maintenance of MIS for transactions processed.

Education

A minimum degree (Bachelors) in a business related field or equivalent.

Experience and Skills

1. Good knowledge of various ICC rules and regulations.
2. CDCS Preferred.
3. 3 year's prior experience in banking operations or Trade Finance Back office experience.
4. An understanding of AML within the UAE and Central Bank regulations relating to transactional processing.
5. Basic computer skills.
6. Good English language aptitude.

Technical Competencies

1. Process Re-engineering- Trade Services- Basic.
2. Customer Service- Trade Services- Proficient.
3. Transaction Processing and Control- Trade Services- Proficient.
4. Data Management- Trade Services- Proficient.
5. Product Knowledge and Documentation- Trade Services- Proficient.
6. Policies and Procedures- Trade Services- Proficient.
7. Core and Regulatory Banking Systems- Trade Services- Basic.

Behavioural Competencies

1. Change and Innovation - Basic.
2. Communication - Basic.
3. Evaluating and Solving Challenges - Basic.
4. Results Orientation - Basic.
5. Working and collaborating with others - Basic.