MAJOR RESPONSIBILITIES AND ACOUNTABILITIES
* Directly responsible for Trade Finance bottom-line P&L income.
* Responsible of pricing trade finance products to ensure maximum profitability is met and the overall bank budget is achieved.
* Responsible of reviewing the trade finance budget with finance on monthly basis for corporate banking and ensuring aligned figures for the overall bank performance.
* Place an adequate and efficient Trade Finance MIS in place providing accurate data to senior management giving a clear vision on the current progress to facilitate the bank's decisions on expansion and growth strategy.
* Act as Trade Finance critical advocate, internally with different bank departments including (Risk, Op-Risk, Compliance, Audit…etc.) and externally with CBE, Ministry of Trade and similar regulatory and non-regulatory bodies.
* Work with coverage heads to ensure steady income is being generated while diversifying the income channels to capitalize on the bank's diver's products and services provided.
* Responsible of pricing local and foreign liabilities (CASA & TDs) jointly with HOC for Large Corporate Clients.
* Tailoring structured products to serve complex client needs through tailoring Working Capital &7 Trade Finance solutions.
* Participate with Corporate Banking teams in client calls and handling clients trade transactions which needs participation of deeper trade & working capital knowledge.
* Reviewing and approving manuals, forms and procedures related to trade finance & other corporate banking procedures & manuals.
* Directly responsible for FX allocation for corporates and Trade finance payment ladder in conjunction with treasury throughout but not limited to:
* Review trade transaction documents for client eligibility of FCY allocation.
* Eligibility of exemption from LCs based on commodity classification and CBE exemption criteria.
* Review supporting POs & contractual agreement in case of traders of raw materials as well as validity of industrial register for the final underlying manufacture of the transaction.
* Review shipping documents in case transaction falls within express mail exemption criteria.
* Review the commodity if it falls within 13 commodity list thus needs a prior CBE approval and refer the branch to CBE Trade Desk to finalize the process.
* Direct the branch to the CBE approval cycle if transaction needs prior CBE approval (for public & governmental sector entities) and related regulations based on provided data from branch.
* Update and provide daily/weekly reports of FX pipeline.
* Reporting weekly trade finance commitment pipeline to treasury & CBE.
* Reporting a weekly trade finance pipeline for commodities pending CBE approval to Banking Supervision Unit in CBE.
JOB REQUIREMENTS
Minimum Education
Bachelor Degree in Finance / Accounting / Economics/ Banking or equivalent.
Languages
Fluent English - Fluent Arabic (Written - Spoken)
Required Experience
10-12 years of relevant work experience within Corporate Banking, with a solid
record of accomplishment in trade finance, cash management and product
management.
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