LGs Officer

1. Create day-to-day letters of guarantee transactions activities start- to- end including internal & external reports, with standard quality and accuracy: including Issuing, amending, advising, settlement commissions for all types of guarantees according to SLA within the SLA.
2. Ensuring all necessary approvals for each transaction, either local or foreign LGs, obtained.
3. Preparing all swift messages for foreign guarantees (LGs) including; Issuance, amendments, payment, settlement of commission …etc.
4. Screening all parties related to the foreign guarantees (LGs) through the E-Name Checker system. In case any violation/sanction detected, officer/senior officer refer to compliance department for clearance.
5. Scrutinizing payment claims as a first checker in accordance with LGs terms and conditions, URDG 758/ISP 98 (if applicable), and either execute payment or send advice of refusal.
6. Responsible for dispatching letters of guarantee, amendments and any communication to branches/beneficiaries and correspondent banks.
7. Settle correspondent banks’ commissions for foreign LGs; swift, entries on T24- after sending fund advice to the treasury department.
8. Preparing covering letters for advising, amending of advising LGs after checking its authenticity.
9. Communicate with our branches for pending technical advices related to LGs and responsible to handle all complaints received from our customers, branches, beneficiary’s and CBE.
10. Preparing weekly, monthly& quarterly CBE reports and any other assigned reports related to LGs within TAT.
11. Check the technicality and workability of the guarantees/Standby LCs terms and conditions in accordance with the applicable rule (URDG 758 / ISP 98 if applicable) .
12. Follow all relevant department policies, processes, standard operating procedures and instructions so that work is carried out in a controlled and consistent manner.
13. Follow the day-to-day operations related to own jobs in the department to ensure continuity of work.
14. Comply with all relevant CBE regulations, banking laws, AML regulations and internal AAIB policies and code of conduct in order to maintain AAIB’s sound legal position and mitigate any potential risks.

Qualifications & Experience:

• Bachelor’s degree from recognized university in commercial field.
• For the Officer 0 – 5 years of experience in banking operations