Trade Finance Manager.Egypt- OPS- Trade Finance.Operations

Trade Finance*To Manage and supervise operations of import and export documentary credits, Documentary collections and guarantees of Egypt FTC accurately and efficiently in strict conformity and compliance with bank`s policies and the country regulatory requirement and standardize procedures in line with head office policies *Provide value added consultative trade finance service / advise to CIBG and RBG including SME customers, business teams, overseas branches, local branches, (insofar as Egyptian practices and concerned) & Correspondences develop core competencies in staff.*Protect the bank interest against any operational risk might raise under any trade instrument and also monitor and report the daily cross border limit of trade operations

• *Establish Egypt trade finance central unit in order to handle CIBG and RBG business including SME trade finance business (import letters of credit, in word and out word documentary collections, standby letters of credit, local letters if guarantee in addition to the guarantees issued under the strength of international counter - guarantees) received by Egypt H.O and through the current and future Egypt channels
• *Prepare the centralization process manual including the fully details mechanisms of each trade finance instrument reciprocated between Egypt branches (inside Cairo geographical area) and Egypt trade finance central unit and present the manual of Dubai H.O in order to obtain their approval
• *Prepare the standard operation procedures manual (SOPs)for centralization between Egypt trade finance central unit and Egypt branches covering procedures and working instructions for each trade finance instrument separately and also present the same to Dubai H.O in order to obtain their approval to the manual mentioned in preceded item
• *Design the formats to be utilized in the reciprocated correspondences between Egypt Branches and Egypt central unit
• * Manager & control processing of trade finance activates to ensure that policies, procedures and delivery standard are met which ultimately should reflect in satisfactory audit rating and acceptable limit of customer satisfaction
• *Train the selected staff of Egypt branches thaw will be responsible to handle the CIBG and RBG including SME trade business by organizing short rotation plan in Egypt central unit in order to practically recognize the implementation of products, procedures and rules to achieve higher quality standards
• *Capture and analyze statistics to determine root cause and fix the gaps in order to maximize productivity
• *Setup customer service system and culture to respond their quires and attend / resolve complaints in order to maximize their satisfaction
• * Review and approve operating procedure to simplify work flows and to ensure that they are standardized, cost effective and cover bank risks adequately
• Trade Finance (CIBG and RBG including SME)
• *Improve documentation of policies and procedures and standardize process by reviewing and recommending appropriate changes to align operations processing as per country regulation, SOP and SOPs for centralization for centralization APPM and OPM and insure that trade finance activities are carried out as per approved policies and procedures
• *Full comprehension and continuous update of the knowledge base for international uniform customs and practices issued by the international chamber of commerce ICC Paris publications in trade finance operations with respect to:
• *uniform customs and practice for documentary credits
• *Bank to bank reimbursement system under documentary credits
• *Uniform rules for collections (URC)
• *The international standard banking practice for examination of documents
• *Uniform rules for demand guarantees
• *(Incoterms) international commercial terms
• *International standby practice ISP 98
• *Analyze, develop, approve and implement procedures and processes within the central unit, and document them according to ISO 9002 standards
• *Review and recommend update to SOPs and SOPs for centralization, OPM and APPM related to trade finance central unit
• *Manage work to ensure time quality standards are met in accordance with ICC publication SOP/SOP for centralization /OPM/APPM/local regulations
• *Ensure that in trade finance operations the trade parties are not sanctioned and not listed under either OFAC or world check system
• *Coordinate with country Ops Manager to ensure training of team members in products, procedures and rules to achieve higher quality standards
• *Handle customer / correspondences bank, branches queries and ensure complaints are promptly addressed to achieve customer satisfaction
• *Interact with business groups, bank clients, correspondents and HO team to resolve any issue with customer / correspondents customer issuers.
• *Ensure that appropriate approvals are in place and transactions are approved as per customer limits before a liability is created to avoid bottle necks
• *Custodian of fire proof chub keys and combinations
• *Ensure that exceptional transactions are processed in accordance with credit manuals
• *Maintain records fit throughput of the department to provide accurate MIS reports
• *Ensure and authorizes the levy/application of penal interest levied in case of overdue trade finance loans
• *Ensure that daily / weekly / Monthly / quarterly statistics forwarded to the country manager / central bank of Egypt. Head Office / Ministry of foreign trade and other finance and control authorities
• Import Section: (CIBG and RBG including SME)
• Ensure that necessary approval from the central bank / import control authorities are in place
• *Ascertain that the applicant (importer) has and approved line of credit for the L/C
• *Ensure that any other required document e.g insurance policies indicating the banks name as payee etc … are in place
• *check and authorize entries to the bank system, release and authorize the area swift messages to the swift alliance system
• *Ensure compliance of the printed L/C with the terms and conditions on L/C application. Similarly, amendments with original instructions form the customer
• *Ensure that the relevant reimbursement authorizations are issued to the paying banks
• *Scrumize and ensure security of the import documents received under the L/CS and ensure that documents are according to the L/C terms & conditions and the international uniform customs and practice prevailed which governing letters if credit (currently UCP 600,2007) issued by the international chamber of commerce in Paris. and that any discrepancies, therein are timely advised to the negotiating bank as well as the customer (applicant / importer).
• *Conduct periodic reviews of outstanding L/Cs and write off outstanding under L/Cs which remain expired unutilized over a one-month period.
• *Check and ensure that the shipping documents delivered to customers are in conformity with form 4 and customs letters, as per country regulations.
• *Check and ensure that shipping guarantees under sight L/Cs are issued against 100% cash margin or as per credit approval, and that the bank holds an undertaking from the customer to accept drafts even if the documents received subsequently are irregular
• *All issuance of the shipping guarantees requires prior approval from the relationship manager
• *Ensure that payment due under L/Cs are reported to the FX trader as applicable, and that the correct exchange rate is applied
• *Ensure that negotiation banks are promptly advised of payment dates under issuance L/Cs
• *Upon negotiation, ensure that funds required from customers are received with good value i.e corresponding to the date our account was debited by the negotiating bank
• *Ensure that proper records of maturity dates for payment of usance drafts are maintained and that amounts are paid in time to avoid interest claims for late payments
• *Ensure proper collection of agreed upon margin and commission. and that appropriate accounting entries including customer's contingent liability are prepared and recorded
• *Ensure that on extension in validity dates, appropriate commissions and charges are recovered
• Export Section: (CIBG and RBG including SME)
• a - Advising:
• Ensure that L/Cs received from MB branches and correspondent banks for advising to the exporters are timely processed and that L/Cs and amendments are properly authenticated before advising
• Ensure that proper reference number are allotted to each L/C and that separate files are maintained

• In-depth knowledge of banks approved policies and procedures international regulations (esp. insofar as ICC / UCP norms are concerned for the trade finance area) and local regulatory requirements / regulations / laws in order to ensure compliance with all
• Strong inter-personal skills, problem solving, conflict management, communication, analytical leadership and planning skills
• Strong decision making ability
• Technology orientation.