Trade Operations Officer at NMB Bank Tanzania

Responsible for supporting the Trade Finance Operations Manager to deliver on the business segments strategies and achieve organizational goals.

Main Responsibilities:

• Support the operations of Trade Finance Products ensuring that they operate effectively, efficiently and within Compliance and Regulatory requirements.
• Understand key operational risk indicators falling under the role and escalate any risk issues in a timely manner.
• Ensure adherence to the company's security policy and controls in accessing the system.
• Ensure screening for all eligible trade transactions is done before submission, AML check and other sanctions related issues are performed
• Ensure valid and approved customer facility letters for LCs, Guarantees and Trade loans are available
• Ensure all applications are signed and verified as per customer mandate
• Manage trade products processes by adhering to operations manual and process maps
• Ensure that all applications, payments, and claims are dealt with accurately and timely.
• Daily review and process all trade finance related inward and outward swift messages and follow up for closure.
• Daily review of maturity reports on various products such as LC Bills, Import LC, Bank Guarantee, Trade loans, unpaid export bills and advise for settlement or closure for non-performing or expired contracts.

Knowledge and Skills:

• The understanding of Trade Finance deals process flow and rationale behind the procedures
• Basic understanding of international uniform rules that govern trade products ie. Letter of credits – UCP 600, Demand Guarantee – URDG, URC 522 etc.
• Ability to analyze the complexities of international trade operations in a multi-party transactional environment
• General understanding of legal requirements in terms of Trade Products and the implications thereof.
• Knowledge of regulatory requirements i.e. Sanctions policy, Exchange Control Rulings and policies, Trade Finance standard policy
• Ability to work with people from different backgrounds in a team environment
• Excellent client communication skills and a strong ability to build client relationships.
• Attentive to details
• KYC knowledge

Qualifications and Experience:

• Bachelor's Degree in finance/Accounting/Tax or other business-related fields.
• Certification in Trade Finance – CITF/CPA/CPB will be an added advantage
• At least 3 years banking operations experience preferably in Trade Finance

NMB Bank Plc is an Equal Opportunity Employer. We are committed to creating a diverse environment and achieving a gender balanced workforce. Female candidates and people living with disabilities are strongly encouraged to apply for this position.

NMB Bank Plc does not charge any fee in connection with the application or recruitment process. Should you receive a solicitation for the payment of a fee, please disregard it.

Only shortlisted candidates will be contacted.