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Assistant Manager – Trade Finance

Location

United Arab Emirates

Company name

RAKBANK

Sector

Finance & Accounting

Contract duration

Full time

Salary (monthly)

Non-Dislcosed

Experience

5+ Years

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About the role

Are you passionate about ensuring operational excellence and compliance in trade finance? We're looking for a dedicated Assistant Manager Trade Finance to join our team and oversee our trade operations with precision and efficiency.

Responsibilities
  • Manage and ensure submission of all MIS as required by the management. Be proactive in a wide range of customer enquiries and issues, resolving these or escalating as appropriate
  • Coordination with business, credit, product and compliance teams to resolve transaction discrepancies in a timely manner with effective Problem-Solving capabilities
  • Ensure nil occurrence of operational losses due to errors or lapse in laid down controls
  • Comprehensive understanding of trade processing systems, products and services
  • Manage MIS / Recon for the trade operations unit and handles internal and regulatory reporting requirements are fully adhered
  • Monitor and manage risks associated with trade operations, including documentation, operational, regulatory and compliance risks
  • Manage the various operational risks within laid down procedures. Identify potential risks areas and implement the proposed solutions
  • Perform checking, authorizing of import, exports transactions related to documents drawn under LC, Payments, collections, discounting, Open account loans or settlements as may be required
  • Delivering transactions in TAT/SLA as agreed and produce results efficiently as expected
  • Lead and mentor a team of professionals, ensuring they are well-trained and equipped to handle their responsibilities
  • Foster a culture of teamwork, continuous improvement, and professional development within the team.
Requirements
  • Bachelor’s degree in finance, Business Administration, International Business, or a related field
  • 5 years’ experience in trade finance
  • Strong analytical skills
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