Afreximbank: Manager, Trade Services (Banking Operations) Cairo, Egypt

CA Global Headhunters has been retained by the Afreximbank based in Cairo, Egypt to recruit for this position.For more information on the Afreximbank please visit their websitewww.afreximbank.com. Should you meet the minimum requirements and wish to apply for the position please apply directly to CA Global Headhunters.

Reference Number: SRBLR-MTS-BOPS001

Nature and Scope of Role

The role of the position holder will be to provide back office operations support for the Bank's lending activities with a focus on the documentary credit area. The job holder initiates and is responsible for the implementation of the Bank’s Banking Operations policies in these areas.

Responsibilities:

1. Provide professional input into the organization of a sound “documentary credit unit” to support the Bank’s activities which will include but will not be restricted to the following components;

• Handling documentary credits including the opening, confirming, advising, negotiating and amending letters of credit;
• Handling documentary collections including incoming and outgoing collections and remittances as well as acceptances and avals;
• Issuing, amending, and liquidating all types of letters of guarantee (bid bond; performance; payment; standby and counter guarantees);
• Handling forfeiting, factoring and other trade related transactions;
• Develop and implement documentary trade business in the region by recommending new products and services and/or enhancement of new revenue pools;
• Handling modern loan administration and maintenance of loan books including processing payments/disbursements in line with approved terms, monitoring repayments/recovery, reviewing legal documentation to identify compliance and reporting obligations required for monitoring through the life of the facility and ensuring full loan covenant compliance and that all terms and conditions of the respective deals are adhered to;
• maintenance of correspondent banking relations;
• establishment of safeguards for the above activities including managing the Bank’s physical strong-room, customer signatures and security documents; and
• maintenance of credit and collateral files, and credit enquiry as well as records of recovery efforts (except problem loans which move to Head Risk Management).

2. Management and operation of the “back office” as part of the automation process.
3. Coordinating and reconciling customer accounting system with the general ledger in Finance Department;
4. Preparing accounting and other reports for the information of Management.
5. Liaising with customers through the front office; and
6. Any other duties as may be assigned by Senior Management.

Requirements: Qualification and Skill

• First degree and post graduate degree in Business Administration, Banking Finance or related field from a recognized University.
• A professional qualification in Banking especially a certification as a documentary credit specialist or similar qualification will be an added advantage;
• Sound experience of at least 8 years with a leading Banking organization;
• Ability to communicate and function in a culturally diverse and change oriented setting with good knowledge of banking practices in Africa;
• Ability to interact with senior officials of banks, corporates and governments;
• Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages is an added advantage (French, Arabic and Portuguese);
• The candidate must demonstrate experience and knowledge of managing back office operations in a fairly complex banking environment and show a good understanding of UCP 600; URR 725; and ISP 98 and relevant experience in issuing, amending and liquidating all types of guarantees (bid bond; performance; payment; and standby guarantees); and
• Demonstrated leadership capabilities, including ability to organize and manage human resources to attain goals

Benefits and Contractual information:

• Permanent.
• Willing and able to relocate to Cairo, Egypt.
• Suitably qualified candidates are encouraged to apply.

Closing Date: 14th of April 2022

If you wish to apply for the position, please send your CV to Shearidan Rabsch at [email protected]

Please visit www.caglobalint.com for more exciting opportunities.

Shearidan Rabsch

Senior Recruitment Consultant

Banking & Finance

CA Global will respond to short-listed candidates only. If you have not had any response in two weeks, please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.