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Trade Finance Officer
Job Summary
- The Trade Finance Officer is responsible for identification of trade finance proposals, credit evaluation, risk management and mitigation, recommendation on structuring of appropriate facilities in adherence to institutional risk/ return requirements; support the Portfolio Management Department with monitoring the performance of the portfolio and marketing the Bank’s conventional/ structured trade finance products.
Job Specifications
The Trade Finance Officer performs the following duties:
- Identify and structure suitable transactions/clients and identify suitable counterparties (collateral managers, trade finance insurers etc.) and financing partners/agent banks in case of syndication / co-financing;
- Financial analysis and due diligence on all transactions to ensure quality control;
- Prepare and analyse credit proposals for trade finance facilities for funding by the Bank;
- Establish and maintain strategic relations with clients at senior management level of the Bank’s existing and prospective partners and stakeholders;
- Produce periodic technical and financial progress reports on trade finance facilities under their supervision;
- Seek new business opportunities in the region to ensure a good pipeline of transactions is achieved;
- Undertake product development and marketing initiatives and develop client base using contacts, experience and relationships to pursue trade finance opportunities;
- Prepare board papers, ALCO reports, and partake as a member of committees/taskforce.
Qualifications and Competencies
- A Masters’ degree in Business Administration, Accounting, Banking, Finance, or Economics with relevant professional qualifications as added advantage;
- A minimum of 5-8 years of professional experience and proven track record in a Commercial / Development Banking or Financial institution environment with sound knowledge of Structured Trade and Commodity Finance Products;
- Robust knowledge of the regulatory environment in the Bank’s operating region as it relates to Structured Trade and Commodity Finance Products with excellent knowledge of professional and industry standards;
- Strong accounting and financial analysis skills.
- Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting.
- Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and management client relationships.
- Proficiency in the use of computer programs including MS Office applications.
- Fluency in English is a requirement and further fluency in French or Portuguese will be an added advantage.
Compliance Officer
Job Summary:
- Reporting to the Head, Compliance or designate, this position is responsible for conducting compliance and due diligence checks in line with TDB’s Compliance Policies, Procedures, Manuals and Standards.
Job Specifications:
The Compliance Officer performs the following duties:
- The Compliance Officer performs compliance checks on business transactions, and services relating to due diligence, Know Your Customer (KYC) checks, and Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT) and Sanctions checks .
- Carry out KYC checks and reviews on TDB’s counterparties, services providers, employees, directors and such other persons / entities the TDB Group maybe engaged with.
- Review and monitor internal practices and procedures to ensure compliance with TDB group requirements and current policies.
- Liaise with internal business departments to ensure sound understanding of compliance requirements and governance issues and advise on emerging compliance issues and trends.
- Conduct KYC assessments and ensure that processes and systems meet the company / customer policy and regulatory requirements.
- Review, coordinate and provide advice, analysis and approvals for KYC files escalated to Compliance.
- Keep updated on group policies and development in KYC, AML/CFT, sanctions, embargoes and related AML laws and regulations and ensure that policies and procedures are correspondingly kept updated.
- Participate in KYC/AML/CFT/Sanctions related projects as required, including but not limited to implementation of new/enhanced systems and tools.
- Respond to queries from external parties and other TDB stakeholders on due diligence checks on the Bank.
- Carry out documentation checks leading to financial close of transactions.
- Review documents in respect of loan disbursements, interest payments and loan repayments.
- Conduct such other responsibilities as the Head of Compliance and / or TDB may require from time to time.
Qualifications:
- A Master’s degree in Risk Management, Law, Economics, Business Administration or related field with relevant professional qualifications as added advantage.
- A minimum of 5-8 years of professional experience and proven track record in a Commercial / Development Banking or Financial institution environment with sound knowledge of Structured Trade and Commodity Finance Products;
- Robust knowledge of the regulatory environment in the Bank’s operating region as it relates to Compliance and Credit Risk Management with excellent knowledge of professional and industry standards.
- Possess extensive research skills to aid in establishing and/or validating required information and documentation.
- Ideally be familiar with use of KYC screening tools.
- Proactive and alert to AML / CFT/ sanctions risks.
- Results oriented individual with excellent written and communication skills with proven ability to rapidly produce quality reports and ability to work in a multicultural setting.
- Proven organizational, problem solving and decision-making skills with the ability to build partnerships, work in multinational teams, deliver results and management client relationships;
- Proficiency in the use of computer programs including MS Office applications;
- Fluency in English is a requirement. Knowledge of TDB’s other working languages (French or Portuguese) would be an added advantage.