Job closed
Ref: GP581-26
Job description / Role
Private Banking Operations caters to clients having High Net worth accounts with FGB. It provides professional services and/or Guidance to these clients on products relating to Treasury, Transaction Banking, and Trade Finance.
This position is responsible for overall supervision of Trade Finance transactions while ensuring compliance with all internal procedures and operational controls. Key responsibilities of this position are assisting Operations and Admin Direction in implementing changes / developing existing products / introduction of new products in line with the bank policies and vision and developing internal standards and procedure in line with development in the business.
Responsible for all Trade Finance activities, ensuring that such activities are handled as per laid down policies/procedures where any deviation/discrepancies noted, are rectified and reported.
Checking, verifying and authorisation of transactions strictly as per prescribed threshold limits.
Ensure, Anti money laundering, Central Bank Guidelines and other internal policies/procedures are strictly followed and any unusual transactions are reported to levels, prescribed.
Advisor to unit staff, Marketing teams, other Internal Customer and Customers on matters related Trade Finance Operations.
Keeping self-appraised of developments taking place in the industry and disseminate them to staff under direct and indirect reporting where applicable.
Ensure self and staffs adhere to Standard Operating Procedures of FGB at all times and recommend/implement changes in policies, procedures, processes and systems in line with development in the industry.
Manage and develop Trade Services staff, monitoring their performances and providing them with remedial training where necessary.
Developing and introducing robust tools/processes to identify/mitigate operational risks attached to Trade Services.
Devise and implement in co-ordination with other stakeholders, Service Models to improve Customer Satisfaction.
Develop and foster relations with Internal and External customers at strategic level.
Ensure timely submission of reports and Business information to Internal and external authorities.
Review periodically Human resource requirements at Trade Services on premise of Business/Volumes analysis and recommend/support HO, Ops to strategically plan Employee hire policy/re-alignment policy within Corporate Operations.
Spearhead Business approach to the development and implementation of policies/procedures/practices towards Cost efficiency at Trade Services Operations.
Sustain higher/acceptable rate of Employee Satisfaction in line with Bank Policy at Trade Services Operations.
Requirements
Knowledge & Experience:
- Graduate ( Bsc.in Financial Services/Banking), preferably with MBA in Banking/Finance and CDCS.
-10-12 years experience in Trade Finance with experience at managerial position in Trade Services.
- International exposure is a must.
Skills:
- Hands on experience on Core Banking Solutions.
- Conversant with MS Office and other Analytical tools.
- Knowledge of IMB, Insurance Business, SWIFT.
- Extensive knowledge in UCP DC 600, URC 522, ISP 98, URDG 458.
About the Company
Established in 1979 and headquartered in the UAE capital, Abu Dhabi, the bank offers a full range of financial services to business and consumer sectors throughout an extensive network of branches across the UAE.
Internationally FGB has branches in Singapore and Qatar, representative offices in India and Hong Kong and a subsidiary in Libya.
FGBs story of growth and value creation for its stakeholders is a strong one - from Abu Dhabi origins to UAE acquisitions and an international footprint, from Corporate to Wholesale Banking including debt, transactional banking and Islamic products, from burgeoning Treasury to global money markets, asset management and research. Notably in the Consumer market FGB has developed segmented and customer centric products in all categories and brought technology and extra benefits to its customers.
Today, FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. In line with its commitment to excellence the bank continues to invest significantly in people and technology to provide superior service standards.
First Gulf Bank was awarded the 'Best Bank in the United Arab Emirates' and 'Best Bancassurance' titles at the Banker Middle East Industry Awards 2013. It was also ranked as the 3rd most powerful company in the UAE and 6th leading bank in Forbes' 'Top 500 in the Arab World' list.
First Gulf Bank carries an A+ Long-Term (IDR) rating from Fitch, an A2 Long Term Deposit rating from Moody's, an A+ Long Term Foreign Currency Rating from Capital Intelligence and a AAA Long-Term Financial Institution Rating from RAM Ratings of Malaysia.