• FAB Bank Jobs in Kuwait | Manager, Trade Finance Operations

    FAB Bank Jobs in Kuwait | Manager, Trade Finance Operations

    Location: Kuwait

    Job Description

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Be responsible for accurate and timely maintenance / verification of customer’s and Correspondent’s Lines for LC and LGs and to ensure that all transactions are processed within the allocated limit and obtain appropriate approval for excess if any.

    • Check all LC applications for clarity, completeness and conformity with International Code of Uniform Customs and Practices for Documentary credit.

    • Check all Import and Export documents, handle SWIFT messages, handling discrepancies, placing reserve, request for refund of amount paid, claiming interest etc.

    • Keep abreast of developments and changes in Import Regulations, UCP and other legal aspects.

    • To prepare financial vouchers relating Documentary Credits, Guarantees, Loan and other similar transactions based on the approved documents, secure approvals and data entry in Intellect. Prepare LC and LG instruments, either on hard copy or through Swift, handle the documents relating to these transactions.

    • Prepare and monitor all types of Letter of Guarantees.

    • To handle bills on collection both inward and outward, prepare necessary vouchers, advice to customers, prepare settlement instructions and keep proper follow up.

    • Maintain all necessary registers of the transactions entered into like LC Opened, LGs opened, Bills Received on Collection and Sent on Collection and their negotiation and realizations.

    • Diarize maturities for acceptance Bills, prepare necessary communication to Negotiating Bank and settle the bills at maturity.

    • To give orientation and specific on the job training and guidance to Juniors / New staff

    • Assist in specifying the detailed requirements for the enhancement of the existing Intellect system and or new Trade Finance system.

    • Verify and reconcile all outstanding items of TFD.

    • To comply with the all Internal Control Requirements as detailed in the check list and maintain proper record of the exceptions.

    • Prepare periodic MIS related to TFD and the periodic returns to CBK and HO

    • To verify the various reports of the section and to ensure that all entries are correct and are according to the tariff and procedure.

    • Attend and handle all customer queries and correspondence and ensure to provide outstanding customer service at all times.

    • Any other activities, not specifically detailed but related to banking transactions, against approved documents.;

    Job Requirements

    Job Details

    Company: First Abu Dhabi Bank - FAB

    Employment Type: Full-time

    Job Location: Kuwait

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