EAST AFRICAN DEVELOPMENT BANK
Trade Finance Specialist
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| Job details |
| Reference number: EADB/TFS/2013 |
| Job Title: Trade Finance Specialist | Supervisor: Treasury Manager |
| Location: Uganda – tenure up to three (3) years |
| Job summary |
| The Trade Finance Specialist is responsible for developing and implementing a Trade Finance development programme that allows the EADB to realize its objectives and achieve growth targets. The Specialist is required to ensure that optimal risk management procedures and processes are in place and are being implemented. |
| Key responsibilities |
- Develop and/ or review the Trade Finance policy and guidelines for the Bank to align them with developments in the market.
- Develop Trade Finance products that are operationally efficient, responsive to market dynamics and are in line with the Bank’s objectives.
- Participate in the computerization of Trade Finance processes to provide efficient services to clients.
- Identify opportunities for risk participation and take action to turn such opportunities into concrete business transactions.
- Support the development of an appropriate risk distribution model that safeguards the bank against trading losses, whilst optimizing revenue.
- Establish relationships and maintain active contact with local and international banks active in Trade Finance.
- Research the inter-bank market and trade transactions risk premiums to determine pricing and manage risks in the portfolio.
- Undertake due diligence appraisals of issuing banks and prospective clients to identify solutions for Trade Finance.
- Respond under tight deadlines to requests for Trade Finance support by structuring negotiating and completing transactions.
- Market the product in the region to generate targeted income/revenues from the product.
- Maintain good relations with the customers and promote cross selling of the Bank’s other products.
- Participate in debt collection to minimize losses to the Bank.
- Give expert advice to investment officers involved in acquiring and implementing Trade Finance projects.
- Assist the legal team in drafting documentation for approved Trade Finance projects providing guidance on insurance and taxation requirements.
- Take responsibility for the quality, profitability and growth of the Trade Finance product.
- Design and implement Trade Finance training programmes and marketing activities for the Bank including management of associated budgets and costs.
- Undertake market research, study trends, policies and developments in the member states and timorously advise management on their impact to EADB’s Trade Finance investments.
- Prepare annual work plan with targets and budgets for the Trade Finance product based on approved annual strategic plan to facilitate own performance management for management’s approval.
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