BLOG       ABOUT UBN     INVESTOR RELATIONS      CSI

Senior Trade Analyst, Trade Loans Officer and ITF Obligations

Senior Trade Analyst, Trade Loans Officer and ITF Obligations
Senior Trade Analyst, Trade Loans Officer and ITF Obligations
March 3, 2025 Abisola Oluyede
Nigeria
Posted 2 months ago
Job Summary:
Implement trade operational strategies and initiatives to capture different structured payment opportunities, grow active trade customer base and revenues as well as Provide operational support for Letter of Credit Import Trade Facility (ITF) Payments function bank wide for Corporate, Commercial & Retail banking Group.
Duties & Responsibilities:
• Implementing clear vanilla Import Trade Facility (ITF) and supply chain finance products operational strategy for Union Bank Nigeria across the Corporate, Commercial & Retail Banking segment while remaining aligned with the Group Trade strategy.
• Provide operational support to the Letter of Credit Negotiation, Payment & Import Trade Facility (ITF) team, strategic advice and support to the Transaction Banking teams as well as Corporate, Commercial & Retail Bank coverage Relationship managers’ bank wide in order to meet and exceed trade product revenue, volume targets and market ambitions.
• Responsible for managing Import Trade Facility (ITF) products operations.
• Working with Transaction banking, CBG & Commercial Banking teams, design value adding and customer centric operational finance products solutions and structures by proactively gaining client insight through consultative customer engagements in the key sectors of industry within our bank and trade target market.
• Implement trade operational strategies and initiatives to capture different structured payment opportunities, grow active trade customer base and revenues.
• Develop the Operational dynamics of local/supply chain finance as well as international trade flows and corridors with a view to constantly attract key market opportunities, assess market changes and trends, growth ambitions and proactively identify competitive threats
• Implement process that will ensure strict adherence/compliance to internal policies & procedures, local exchange control rulings and international standard/best practices in the processing of ITF Letters of Credit.
• Implement policies and processes that guarantees that all ITF Letters of Credit processes are executed accurately and expeditiously within agreed SLA’s.
• Process transactions on Trade Innovations & within operating limit
• Develop & Maintain a robust record of Matured obligations that will help Treasury and Transaction Banking better manage liquidity projections
• Develop a strategy that Guarantee the quality of bid schedules to mitigate duplication or excess bids
• Timely responses to enquiries
• Effective Communication with clients, branch managers, senior management as well as correspondent banks on all issues affecting Letter of credit ITF.
• Drive prompt resolution of enquiries and queries received from foreign banks and customers.
• Implement & Drive effective cost control strategy
• Implement efficient processes that will ensure strict adherence/compliance to internal policies & procedures, local exchange control rulings and international standard/best practices in the processing of International Trade Facility (ITF) Loan booking and (part) liquidation.
• Responsible for the movement of all FX allocations and matured FX Forward to cover matured/maturing ITF obligations within regulatory timelines.
• Develop a robust check list for Letters of Credit ITF registers to ensure they are accurate and up-to-date
• Responsibility for the management of the Trade assets of the banks, booking & liquidation of  Import Trade Facility (ITF).
• Responsible for regular ITF interests recognition, recoup and repatriation.
Key Performance Indicators:
• Increased Volume of Trade business & Revenue.
• Improved product knowledge to drive innovation & Flexibility within the confines of existing regulations.
• Improved Internal Customer Satisfaction Survey
• Satisfactory Internal Audit Assessment
• Reduced Turn Around Time on Transactions
• Consistent achievement of high levels of customer service and satisfaction
• Reduction of costs and increased throughput (output)
• Compliance to regulatory requirements governing banking practices
• Effective management and mitigation of operational risks
• Constant feedback and support to Head, Letter of Credit, Negotiation, ITF & Payment.
• Error free processing.
• Proactive approach to work, willing to take responsibility, ownership and throughput.
Job Requirements:
• A Good First Degree (B.Sc). Relevant Master’s Degree And Other Professional Qualification Will Be An Added Advantage
• Firm understanding of CBN & ICC regulations
• Minimum of 5 years’ experience in banking operations, the last 2 of which must be in Foreign Operations’ functions, Trade Services and Finance.
• Process / project management experience will be an added advantage
• Must demonstrate a thorough understanding of Trade Finance, Processes, Product and Risk Management
• Good exposure to trade operation and Financial Institutions
• Sound knowledge of Structured Trade and Commodity Finance
Key Competency Requirements:

Job Knowledge
– In-depth knowledge of the various systems used within the Foreign Operations environment
• Knowledge of corporate banking and the interface between frontline service, sales and support functions
• Knowledge of banking transaction processes relevant to products and services offered to customers
• Practical knowledge of how to input, access and utilize information to analyze forecast trends
• Working knowledge of capacity management principles and processes
• Knowledge of cost management principles and practices
• Knowledge of the applicable legislations
• Must demonstrate a thorough understanding of Trade Finance, Processes, Product and Risk Management
• Good exposure to trade operation and Financial Institutions
• Sound knowledge of Structured Trade and Commodity Finance
• Understanding of regulatory and compliance requirements

Skills/Competencies

• Display initiative and drive, is a self-starter and works with energy. Readily assume greater responsibility, is not easily discouraged and is realistically ambitious.
• Have the ability to adjust thoughts and behavior to rapidly changing situations and conditions, cope with the unexpected. Have the ability to withstand adverse advents and stressful situations without falling apart.
• Have the ability to identify and define problems as well as generate and implement effective solutions. Must be self-reliant and self-directed in one’s thinking and be free of emotional dependency. Be able to make calculated and tough decisions in a reasonable time frame.
• Risk identification and assessment skills
• Negotiation skills
• Excellent interpersonal and communication skills (across the business)
• Strong customer focus and service orientation
• Creative, analytical with good problem solving skills
• Conflict management skills and ability to manage ambiguity
• Self-driven, values based, innovative, independent adaptive and results orientated person
• High emotional intelligence
• Strong business acumen and ability to translate strategy into business plans

Applications should be sent to talents@unionbankng.com

 

Apply For This Job

A valid phone number is required.
0 Likes