Specialist, Trade Finance - Operations

United Arab Bank; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial institution in Dubai seeks an experienced professional to manage Trade Finance operations. Responsibilities include processing transactions, ensuring compliance with regulations, and adapting to customer feedback. The ideal candidate has at least 3 years of experience in Trade Finance and a relevant Bachelor's degree. This role offers a competitive contract with opportunities to enhance operational effectiveness.

Qualifications

• Minimum 3 years practical experience in Trade Finance.
• General knowledge of international customs relating to Trade Finance.
• Understanding of AML guidelines and other regulations.

Responsibilities

• Process day-to-day operations for the assigned team.
• Ensure compliance with internal operational procedures.
• Provide support for changes in internal standards and procedures.

Skills

Trade Finance knowledge

Risk assessment

Customer satisfaction focus

Education

Bachelor’s Degree in Commerce/Finance/Banking

Job description

Job Purpose

To organize and undertake trade finance transactions, to ensure high level of productivity, quality and efficient operations as per procedure and policy.

• Display UAB values of Integrity, Customer focus, Competence, Consistency and Courteousness.


• Timely reporting to concerned parties on all Operational Risk, Fraud and AML issues.


• Risk management obligation is the systematic application of management policies, procedures and practices to the tasks of identifying, analyzing, evaluating, treating and monitoring risk. This helps to mitigate risks to acceptable levels of management.

Principal Accountabilities

• Day to day processing for the assigned team with the primary purpose of meeting agreed service standards and maximizing productivity of the team.


• Responsible for Service Deliverability and adapting improvement / changes in line with the market / customer’s feedback for ensuring customer satisfaction.


• Compliance of statutes and internal operational procedures for effective transaction control.


• Adhere to parameters for Risk assessment and control functions for smooth & risk-free processing in operating environment.


• Assist Team Leader / Unit Head and Head of Trade Operations in implementing changes to internal standards and procedures in line with development in the business and customer requirements.


• Provide appropriate reliving duties and support for others within the department.


• Undertake Projects and special duties related to Trade Operations department as per need.

Job Requirements (Qualification/Experience)

• Bachelor’s Degree in Commerce/ Finance/Banking or equivalent.


• Minimum 3 years practical experience in Trade Finance


• General knowledge of international customs relating to Trade Finance (UCP, ISBP, ISP, URDG, URC etc.), Remittances, OFAC guidelines, FATF regulations, AML guidelines of the Central Bank.


• General knowledge of aspects of Trade Finance.


• Please note that this role will be on second party contract with United Arab Bank