Trade finance officer
United Arab Bank
Total years of experience :15 years, 10 Months
Key Responsibilities
Reporting to AVP, Head OF Trade
o Imports
Opening and processing of new letters of credit
Amendments in LC
Manage trade record for central bank and misc. H.O records.
Assisting branches for processing of Import letter of credit.
Assisting branches for queries and audit related issues.
Handling of SWIFT enquiries and correspondence with advising banks.
Due diligence of Import contracts and Letter of credits as per allowed regulatory terms.
Strict compliance of UCP-600, URC 522 updated rules as per defined standards.
Communicating and replying Negotiating/Advising/Confirming Bank’s via SWIFT services.
Assisting Retail / Corporate clients by providing timely and accurate trade services.
Legalisation
Bill lodgements
Documents scrutiny
Correspondences
Payment LCY
Payment FCY
Acceptance / Refusal
Liaison with customers for acceptance / payment chasers
Reconciliation of GLS
Central bank GL balancing
Audit, Internal Control and compliance.
o Exports
SWIFT mapping
LC advising, MT700, MT707, MT710, MT711, MT734, ETC.
Bill lodgement
Correspondence
Discounting
Negotiation
Documents scrutiny
Payments LCY
Payments FCY
Acceptance / Refusals
Day end reporting
Monthly balancing of GLS
Reporting to Manager, Trade Imports.
o Lc Opening Team:
Opening and processing of new contracts.
Opening and processing of new letter of credits.
Amendments in LC and Contracts.
Manage trade record for central bank and misc. H.O records.
Assisting branches for processing of Import contracts and letter of credit.
Assisting branches for queries and audit related issues.
Handling of SWIFT enquiries and correspondence with advising banks.
Due diligence of Import contracts and Letter of credits as per allowed regulatory terms.
Strict compliance of UCP-600, URC 522 updated rules as per defined standards.
Communicating and replying Negotiating/Advising/Confirming Bank’s via SWIFT services.
Assisting Retail / Corporate clients by providing timely and accurate trade services.
o Bill Payments Team:
Import bill payments. (LC/Collection/Consignment/Advance payment).
Imports documents scrutiny. (LC/Collection/Consignment/Advance payment).
Intimation of clean/discrepant documents to branches for onward intimation to clients.
Coordination with treasury for arrangement of funds for bill payments.
Lodgement of Usance Acceptance/Communication of maturity to Foreign/Local banks (FUBA/LUBA).
Documentary collection payments / Consignment payments.
On-source monthly balancing of outstanding LC’s/Documents/Margins taken.
Balancing of advance payment documents within stipulated time as per Central bank regulation.
Responsible for internal, external and State bank’s Audit.
Assistance to branches for smooth and timely effectuating due payments (Usance/Sight)
Relaying SWIFT messages (MT-202, MT-103, MT-752, MT-799, MT-734 ETC)
B/L verification for payments on forced loans.
Endorsement of documents against Margins.(Airways bills/Truck receipts/Rail receipts)
Issuance/Redemption of shipping guarantees
Issuance of Re-imbursement authorities to our bill payment correspondents internationally and locally.
o Trade Finance Team (Imports)
Booking of regular loans (FIM/FATR)
Creating forced loans (PAD/FADB) for Sight and Usance.
Adjustment of FIM-FATR
On-source balancing of outstanding PAD/FATR/FIM/FADB
Assistance to branches for timely loan facilities and mucaddam facilities.
Correspondence with Credit department for loan disbursements limits.
Reporting to Manager, Operations-Personal Banking.
Managing branch Service Quality and standards, while processing branch related financial and non financial transactions keeping all the regulatory requirements in view:
Cheque Books & ATMs.
Foreign exchange returns reporting to central bank / foreign remittances processor.
ATM / CDM balancing and cash handling
Maintaining miscellaneous branch records fulfilling compliance and audit requirement
Handling cash as teller
Cash in charge in absence of chief teller
Pay orders / Demand Drafts processing and cancellation.
Regulatory / Internal and External Audits.
Responsible for Operational Risk mitigation.
Assisting distribution and contribution towards deepening of deposit size.
Customer services.
Universal Teller - Branch Operations (Garden Town, Lahore Branch)
Cheque Books & ATMs.
Foreign exchange returns reporting to central bank / foreign remittances processor.
ATM / CDM balancing and cash handling
Maintaining miscellaneous branch records fulfilling compliance and audit requirement.
Cash deposit and withdrawals.
Pay orders / Demand Drafts processing and cancellation.
Regulatory / Internal and External Audits.
Responsible for Operational Risk mitigation.
Assisting distribution and contribution towards deepening of deposit size.
Customer services.
Responsible for Bank’s internal/external and regulator’s audit, keeping customer satisfaction and brand promise, “HERE FOR GOOD” in line, Built and managed customer relations for new to bank / existing to bank clients for business deepening, been eligible among all new joiners to qualify for PERFORMANCE ACHIEVEMENT “2011”
Reporting to Manager, Operations-Personal Banking.
Managing branch Service Quality and standards, while processing branch related financial and non financial transactions keeping all the regulatory requirements in view:
Inward & Outward clearing.
Intercity / OBC / Special Clearing
Cheque Books & ATMs.
Lockers.
Term Deposits & Call Deposits.
Pay Orders & Demand Drafts.
With-holding Tax reporting to federal board of revenue.
Foreign exchange returns reporting to central bank.
Account Opening.
Inward & Outward Remittances.
Maintaining miscellaneous branch records.
Acting branch customer service manager in absence of C.S.M
Cash handling
To assure all compliance and audit trials referring to the Bank’s internal policies and procedures, in this short
period I managed to win my seniors confidence as they carry forward sound remarks for me, I was rewarded with a spot award for assisting the investigation team after a major unfortunate set back took place at our branch, from CEO of the bank and appreciations from all the related field managers
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