SENIOR MANAGER TRADE FINANCE
Sharjah Islamic Bank
Total years of experience :16 years, 8 Months
Responsibilities:
•Process all aspects of Trade Finance products (LCs/SBLCs/Guarantees/Collection/Financing) including Issuance/Advising/Amendment/Documents checking/Payments and all other activities related to Tarde operations.
•Implementation of RPA (Robotic Process Automation) process in Trade Finance.
•Ensure transactions process are in accordance with Banks policy and procedure, and other applicable rules such as UCP, ISBP, URC & URDG, etc.
•Monitoring exposure/limit utilization related to Trade Finance accounts.
•Monitoring in respect of TBML/AML/Compliance/Sanction/OFAC and investigate potential red flags.
•Structuring Islamic trade finance transactions and providing innovative solutions for clients, drawing on broad knowledge and experience in trade finance.
•Coordinating to resolve complaints and solicit customer feedback on performance and implement revised procedures.
•Assessing the progress of TFO to ensure the team is working towards achieving common goal for the organization.
•Perform due diligence check, applying the risk-based approach and escalate to Compliance department as and when required.
•Monitoring the performance of TFO through KPI and takin necessary actions where required.
•Managing the Trade advisory role and rendering consultancy to clients, CBG for trade transactions.
•Working closely with relationship managers and identifying new business ideas to increase the business volumes, aided by maintaining excellent relations with key personnel / clients.
•Visiting/Assisting corporate clients for structuring LCs/Collections under Islamic products.
•Working closely with junior staff and provide guidance and training to enhance their skills and knowledge.
•Reviewing/Preparing daily/monthly/quarterly reports for better control, also preparing Central Bank reports as and when required.
•Provide technical support to TFD staff to complete the transaction in liaison with IT Department for T24 system.
•Working on automation/digital project of TFO.
•Authorized B signatory for Bank.
•Good understanding to operate Trade system like TI, T24, Ultimus & SWIFT Alliance. Core Banking Implementation:
•Preparation of RFP (Request For Proposal)
•Assist the team during selection process of vendor
•Preparation of BRD (Business Requirement Documents)
•Reviewing the BRD/FSD with vendor
•Writing of test cases
•Preparation of training documents
•Testing of system during UAT Achievements:
•Managing trade finance operations to ensure smooth and efficient process flow in compliance with company policy and Shariah standards.
•Core Banking Implementation
•Internet Banking Portal for Trade Finance
•Automation through RPA
•Initiated and launched 2 products related to Islamic financing against Export bills under LCs through National Bonds Murabaha and Import Documentary Collections under investment offer to expand the new business opportunities and fulfil the customer requirements of working capital.
•Awarded multiple times as best employee within the department. Moreover, worked in coordination with IT for the Upgradation/Enhancement of Trade Innovation System, like auto generation of Advices for customers, Swift messages, etc. for all the products related to Trade Finance (i.e. Import & Export LCs, Guarantees, Inward and Outward Collections).
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