Officer Trade Finance Middle Office (Omani National Only)

JOB PURPOSE:

Assist the Trade Finance Middle Office in all activities required to ensure that the risk involved in designated product portfolio is monitored and mitigated, as well as ensuring that all trade transactions are well accommodated within the pre-approved sanctions and according to all related approvals from the designated approving bodies with all exceptions are accommodated according to the escalation matrix.

MAIN DUTIES:

Generic Accountability

To resolve operational issues promptly and comply with escalation procedures so as to effectively reduce exposure and control risks.
To ensure that the daily processing and reporting functions and procedures are performed accurately and promptly complying with internal and external controls and other relevant regulatory directives escalating any issues to the section head immediately.

Job Specific Accountability

Support Front-Office in origination and execution of trade transactions.
Follow-up on client requests and needs in coordination with the Front-Office.
Close co-operation with Back-Office teams and support functions (Compliance, Legal, Risks…) in connection with all operational issues.
Provide technical trade support and solutions in an accurate, comprehensive and timely manner.
Ensure adherence to Sanctions compliance, Anti Money Laundering and any local regulations.
To build strong working relationships with Business counterparts, Support Services and to maximize co-operation for effective results.
To work closely with the Section Head to ensure that the operations objectives and initiatives are met and the operational problems are resolved promptly and effectively.
To continuously challenge processing, making recommendation based on day to day experience to maximize automation opportunities whenever possible to improve work flows and cost efficiencies and reduce operational risks
Prepare various periodical reports/statements relating to volume of work and profitability, capital adequacy, etc. for onward submission to higher management, as a basis for setting appropriate policy and taking right decisions.

Specific Accountability

Responsible for flow of business and administrative tasks in connection with trade transactions: market research, risk and compliance controls, internal reporting, bank/country limits authorization requests to Head-Office, etc.
Adequate technical trade knowledge and familiar with UCP600, ISBP, ISP 98, URC522, URR 525.