Purpose of role:
The role is within the IOS OPS with primarily supporting Capital Markets (CMO) and may be interchangeably responsible for; initiation, document checking or the settlement stage of trade finance operations/ loan products/ Capital Markets products. The role will be to support Business Group, Internal stakeholders and external clients.
Primary Responsibilities of Role:
The job holder will review the transaction documents submitted by client via digital and non-digital platforms, perform mandatory checks from IFSCA angles before submitting onward for processing by global processing team in GCC within the required service level agreements (SLAs) and to the required standards. Coordinate closely with Treasury/ALM for the necessary funding in all the currencies and with liquidity forecasts.
Initiation
· Review instructions received via digital & non-digital platforms to ensure they are valid, workable, and meet guidelines and procedures
· Carrying out Compliance due diligence checks and reference made to Red Flags, Sanctions in accordance with procedures
· Initiating transactions in share-portal for Processing/Authorizing transactions timely and accurately by GCC teams within agreed SLAs
· Liaising with Front Office, Treasury, Issuing banks, Beneficiaries, Correspondents, Business development, Credit, Finance, Compliance on transactions.
· Review and manage MT1XX,MT2XX, MT3XXX, MT7XX as required
· Investigate and respond to any enquiries received (internal / external)
· Perform End of day checks.
· Verify client credit authorizations
· Ensure Loans are timely processed and disbursed. Deposits are timely processed and booked in the system.
· Preparing reports & MIS as and when required
· Prepare liquidity forecast for the daily funding needs and coordinate with ALM/Treasury.
· Provide appropriate explanations on FO/BO Breaks
· Submission of reports to regulators in coordination with GCC
· Provide advice / reports to clients as and when requested in coordination with GCC
General Duties:
· Where required, provide support to other functions within the IBU unit like coordination with local vendors in collecting the necessary for Admin/ HR functions and to cover absenteeism
· Ensure that risks incidents are reported as per policies and procedure to the Operational Risk Function of the Bank.
· Ensure that customer queries and enquires are handled in accordance with the internal policies and procedures
· Actively Suggest and implement improvements and enhancements to the current processes, systems, and workflows
· Contribute to the improvements of internal systems, processes, and procedures, as required.
· Share knowledge and skills with the other colleagues. Provide advice and guidance to colleagues and customers
· Keep abreast of the development and advancements in the Trade Finance area & Commercial Loans & Deposits
· Other related duties as assigned
