Senior Officer, Trade Finance - Trade Operations

Abu Dhabi Commercial Bank (ADCB)

Abu Dhabi, UAE

Ref: LP452-396

Job description / Role

Employment: Full Time

Purpose: Effectively manage day-to-day transactions at Trade Operations and meet/exceed internal and external customer expectations. Stay focused in achieving assigned targets and complies with procedures and guidelines in line with Bank’s overall vision.

Responsibility:
- Ensure that transaction processing is handled within agreed TAT and technically workable as per UCP 600, URDG 458, URR 725, URC 522 and other ICC Publications as applicable.
- Keep updated on all products; be well skilled and aware of all changes and amendments on product features, procedures and processes.
- Signatures to be verified on all customer requests and authorised to initial on the signature verification stamp .Upon completion of the transaction ensure proper filing is done.
- Authorise AED payments through central bank system.
- Checking balancing of Suspense accounts / Online accounts at end of each month by matching system GL.
- Checking balancing of Suspense accounts / Online accounts at end of each month by matching system GL.
- Record items of exception nature and follow up until it is closed.
- Comply with Credit Policy and Anti Money Laundering Policy and other regulatory requirements.
- Ensure to reverse expired LCs / LGs and follow up unpaid items of LC and collections as per policy/procedure.
- Follow up on charges pending from customers / counterparty banks.

Requirements

- Conversant with UCP 600, Incoterms, ISBP, URC 522, URR 725, URDG 458 and CDCS (Certified Documentary Credit Specialist) degree holder
- 4-5 years experience in Trade Finance experience in banking industry
- Good knowledge on LC Documents Checking, Handling Guarantees and Structured Trade Finance products

About the Company

ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives, Islamic products, project finance, and property management services.

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