Trade Finance Specialist
Shamil Bank of Yemen and Bahrain
Total years of experience :10 years, 1 Months
1- Process and input wire transfers and credits payments and administrative messages into the Money Transfers and Correspondent Bank System.
2-Follow instructions and guidelines for processing Foreign Currency Payment.
3-Receive, release and process wire transfers thru Federal Reserve and Corresponding bank relationships. Process wires in various queues such as repair exception etc.
4-Monitor all online queues and perform duties as needed to ensure work is processed in a timely manner to meet established guidelines.
5-Research and resolve wire validation errors.
6-Communicate with Treasury Department and assist in monitoring daily Fed Reserve Cash Balance.
7-Monitor the effectiveness of daily wire operations.
8-Maintain Wire System application including user profiles, permissions, templates, account tables, notification and instructions, etc.
9-Assure all banking compliance standards are met. Share wire reports with Compliance as required.
10- In charge of Documents Dept. as the examiner and checker of letters of credit’s (LCs) and bills of collections’ (BCs) shipping documents in accordance with International Chamber of Commerce UCP 600 and ISBP 745.
11- Performing all trade finance operations and transactions (Letter of Credits - Bills of Collection) via IMal banking system.
12- Processing trade finance correspondences related to LCs and BCs via SWIFT system in accordance with (ICC) rules.
13- Providing technical consultancy to both exporters and importers.
14- Analyzing and solving daily work-related problems.
15- Preparing all needed reports.
16- Serving clients and providing support for the whole teamwork.
17- Contacting all branches and applicants.
18- Effect payments in the system according to all supporting documentation and approval mangers.
19- Prepare and follow up usance payments well before and on the due dates and advice branches to pay on maturity date and do the needful accordingly.
20- Examination importing documents according to the institution policies.
21 Close and archive complied files regularly.
22- Ensure that payments have been done correctly without risks to be in safe side.
23- Ensure maintaining all software files on the system, regular back-up of files and advice staff on
24- Assist in arranging and archiving to have proper filing system in place.
25 Assist in responding to inquiries of the mangers, employees offer consulting service for customers.
26- Arrange archiving room to have proper filing system in place.
27- Check and maintain various transactions(Transfers, Documentary credits, collections) inthe systems.
28- Correspondent with foreign banks on basis of international banking practices.
29- Ensure that all transactions have been done correctly and completely to be in safe side and send them to concerned branches and then to audit department to review.
30- Follow up monthly reconciliations for payments and operations section and all relative fields.
31- Prepare requested reports monthly and weekly of prepayments and outstanding credits.
32- Follow up all commissions and pending documentary credits and collections files.
33- Maintain back-up files regularly as software and box files if it is needed.
34- Prepare various reports which are requested from mangersaccording to institutions policies.
35- Assist in responding to inquiries of the mangers, employees and offer consulting to customers.
very good
