Job Category: Ethraa Management TraineeJob Description:The job-holder is responsible for processing or authorising all Trade Finance products ( Funded & Unfunded) in Trade Middle office and ensure quality and timeliness of the delivery in a cost-efficient & error-free manner, subject to high risk management and Bank's / Regulator's Compliance standards.Trade Finance department- Middle Office Unit facilities execution of all Trade transactions originated primarily by WBG (CIB, CB, FI, IB and Islamic Banking) and by Consumer Banking Group.Responsibilities:Generic AccountabilityPolicies, Systems, Processes & Procedures§ Follow all relevant departmental policies, processes, standard operating procedure and instruction so that work is carried out in controlled and consistent manner.§ Demonstrate compliance to organization's value and ethics at all times to support the establishment of a value drive culture within the bank.Continuous Improvement§ Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.Reporting§ Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.Job Specific AccountabilitiesThe job-holder is responsible for processing or authorising (as per the delegation provided ) in a sub-section of operations, within a specific product or functional area and ensure quality and timeliness of the delivery in a cost-efficient & error-free manner, subject to high risk management and Bank's / Regulator's Compliance standards. S/he is expected to support the department inResponsible for effectively processing/checking, verifying and authorizing transactions as per approval matrix, ensuring processing of transactions is carried out in a controlled manner.Effectively monitoring compliance to regulatory guidelines and local/international sanctions in Trade Finance processes and improving the controls to identify/mitigate risk.Ensuring self and staff adhere to Standard Operating Procedures of FAB at all times and recommend/implement changes in policies, procedures, processes and systems in line with development in the industry.Developing and introducing robust tools/processes to identify/mitigate operational risks attached to the department.Support the line manager in sustaining higher / acceptable rate of Employee Satisfaction in line with Bank Policy.Ensure Anti money laundering, Central Bank guidelines and other internal policies / procedures are strictly followed and any unusual transactions are reported to levels prescribed.Keeping self-apprised of developments taking place in the industry and disseminate them to staff under direct and indirect reporting where applicable.Proactively manage & highlight situations of extraordinary non-operational risks e.g., market and legal risks, which may arise due to transactions that are entered into.Prepare statistical data for internal and external relationship.Deal with internal customers/counterparts in other banks to respond to queries and problemsCorrespondence of routine nature with customers and other external/internal contactsTo provide technical guidance to customers when neededTo hold records in safe custodyTo participate and implement projects, system development and other initiatives applicable to the department.Support Line Manager in developing, coaching, monitoring staff performance and arranging remedial training where necessary.Support & Manager multi desk and multi functions within the departmentManage product exception and conduct periodical Project rapid call report to GTBSpecific AccountabilityZero Ops Loss; NIL near miss/ income leakage event , target zero high risk errorTarget Zero complaints, minimum 95 percent adherence to TAT standards as agreed with business. Achieve more than 90% satisfaction score in the internal customer survey.NIL unauthorized breaches in Policy/regulatory requirement ad SOP's. Satisfactory rating in all audits-INA/RMU/OCS/Self- Assessment.NIL breaches in housekeeping (reconciliations. Tracers ,DCFCL etc)NIL critical findings in regulatory/external/internal auditsNo. of PI (Process improvements) proposals found fruitful by management. No. of successful PI's implementedExecute departmental initiatives as advised.Ensure adherence to Training Man-Days for team and selfExecute departmental initiatives as advised.Qualifications:Minimum QualificationBachelor's degree in any stream or related Discipline. CITF/CDCS/CSDG preferredThrough understanding of ICC Rules, Local laws and legal risks, trade documentations. Shipping terms and standard operating procedure of the bank.Extensive knowledge on the Compliance subject matter and TBML application.Minimum Experience & SkillsMinimum 5-8 years of experience in Trade finance with hands on experience in all trade finance productsHands on experience on Core Banking Solutions ,Specialisation in own area of work and working knowledge of all Trade productsConversant with MS Office and other Analytical toolsAbout Us:About Us:First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.Life at FAB:Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organizationCareer Development:FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.Our Values:At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.Join our team and be part of a journey to shape the future of banking.
