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.

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