Company Description

Join the UAE\'s largest bank and one of the world\'s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry.



JOB PURPOSE:

FAB Centralised Operation is a part of the Business Support Group that provides transaction processing and other operational services to First Abu Dhabi Bank, its subsidiaries and affiliates across various lines of Business. The highest standards of control and risk oversight is maintained to ensure that the large amounts of financial transactions that take place every day do not entail any unanticipated risk to the Bank or its customers.

Trade Finance department services the Trade transactions originated primarily by WBG (CIB, CB, FI, IB and Islamic Banking) and also by Consumer Banking.

KEY ACCOUNTABILITIES:

Generic Accountability

Policies, Systems, Processes & Procedures

• Follow all relevant departmental policies, processes, standard operating procedure and instruction so that work is carried out in controlled and consistent manner.
• Demonstrate compliance to organization\'s value and ethics at all times to support the establishment of a value drive culture within the bank.

Continuous Improvement

• Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Reporting

• Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.

Team Supervision

• Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
• Conduct the role of supervisors in absence of AVP /VP in authorization of transaction within the Delegation of authority as per Bank policies and procedure.

Job Specific Accountabilities

The job-holder is responsible for processing or authorising (as per the delegation provided ) in a sub-section of operations, within a specific product or functional area and ensure quality and timeliness of the delivery in a cost-efficient & error-free manner, subject to high risk management and Bank\'s / Regulator\'s Compliance standards. S/he is expected to support the department in

• Responsible for effectively processing/checking, verifying and authorizing transactions as per approval matrix, ensuring processing of transactions is carried out in a controlled manner.
• Effectively monitoring compliance to regulatory guidelines and local/international sanctions in Trade Finance processes and improving the controls to identify/mitigate risk.
• Ensuring self and staff adhere to Standard Operating Procedures of FAB at all times and recommend/implement changes in policies, procedures, processes and systems in line with development in the industry.
• Developing and introducing robust tools/processes to identify/mitigate operational risks attached to the department.
• Support the line manager in sustaining higher / acceptable rate of Employee Satisfaction in line with Bank Policy.
• Ensure Anti money laundering, Central Bank guidelines and other internal policies / procedures are strictly followed and any unusual transactions are reported to levels prescribed.
• Keeping self-apprised of developments taking place in the industry and disseminate them to staff under direct and indirect reporting where applicable.
• Proactively highlight situations of extraordinary non-operational risks e.g., market and legal risks, which may arise due to transactions that are entered into.
• Prepare statistical data for internal and external relationship.
• Deal with internal customers/counterparts in other banks to respond to queries and problems
• Correspondence of routine nature with customers and other external/internal contacts
• To provide technical guidance to customers when needed
• To hold records in safe custody
• To participate and implement projects, system development and other initiatives applicable to the department.
• Support Line Manager in developing, coaching, monitoring staff performance and arranging remedial training where necessary.
• Support multi desk and multi functions within the department

Job Context:

Specific Accountability

• Zero Ops Loss; NIL near miss/ income leakage event , target zero high risk error
• Target Zero complaints, minimum 95 percent adherence to TAT standards as agreed with business. Achieve more than 90% satisfaction score in the internal customer survey.
• NIL unauthorized breaches in Policy/regulatory requirement ad SOP\'s. Satisfactory rating in all audits-INA/RMU/OCS/Self- Assessment.
• NIL breaches in housekeeping (reconciliations. Tracers ,DCFCL etc)
• NIL critical findings in regulatory/external/internal audits
• No. of PI (Process improvements) proposals found fruitful by management. No. of successful PI\'s implemented
• Execute departmental initiatives as advised.

• Ensure adherence to Training Man-Days for team and self
• Execute departmental initiatives as advised.

Qualifications

Minimum Qualification

• Bachelor\'s degree in any stream or related Discipline. CITF/CDCS/CSDG preferred
• Through understanding of ICC Rules, Local laws and legal risks, trade documentations. Shipping terms and standard operating procedure of the bank.

Minimum Experience & Skills

• Minimum 5-8 years of experience in Trade finance with hands on experience in all trade finance products
• Hands on experience on Core Banking Solutions
• Specialisation in own area of work and working knowledge of all Trade products
• Conversant with MS Office and other Analytical tools.
• Working knowledge of associated activities like the ones related to IMB, Insurance Business, SWIFT etc.,
• Extensive knowledge of UCP600,URC522,ISBP, URDG758,URR725, Incoterms 2020, ICC banking commission opinions etc.
• Should possess sufficient knowledge / experience in preparing SOP for Trade Finance

Knowledge in Visio is a must

First Abu Dhabi Bank