Associate-Trade Operations

Job Summary

The job holder is responsible for the functioning of all work related to the letter of Guarantees.

Key Accountabilities

• Process all day-to-day activities related to the letters of Guarantees.
• Process issuance of letters of Guarantees, amendments, claims, expiries, and cancellations.
• Ensure applicable pricing rates applied in line with the stipulated CFR.
• Arrange for the appropriate referral, if any, in line with the stipulated DOA
• Attend customers’ calls and emails inquiries regarding guarantees business.
• Handle inquiries from correspondent banks.
• Ensure timely dispatch of guarantees related instruments and advice to customers/banks as applicable.
• Prepare swift messages related to payment of correspondent bank charges and encashment of guarantees.
• Follow up on monthly, quarterly, semi-annually, and annually guarantees commission.
  
  

Other Accountabilities

• Reconcile relevant Nostro/Vostro accounts.
• Prepare guarantees folders and further supervise the related filing and archiving as appropriate.
• Follows up for awaiting approval transactions.
  
  

Education

Required Qualifications

• Banking degree or equivalent qualifications.
  
  

Required Experience

• 0-2 years of banking experience is required.