Documentation/Guarantees Officer
Documentation/Guarantees Officer
International Bank have an interesting opening for a Banker who has covered all aspects of Guarantees and associated documentation requirements
The candidate would ensure that everything proceeds efficiently and in strict conformity with Bank approved policies, credit approvals, operating procedures and audit requirements.
The Role
Responsible for issuance and administration of all Guarantees and LC's and for assistance with reviewing and negotiation of Guarantee and other documentation
Review and process all Guarantee ,issuances and amendments.
Review and assist in the negotiation of Guarantee texts, counter indemnities and other guarantee related documentation
Monitor and update relevant excel spread sheets.
Monitor expiry dates and undertake the necessary actions at expiry ensuring that the underlying terms of each Guarantee/LC are strictly adhered to.
Collect and process Guarantee/LC fees.
Ensure all Conditions Precedent are met and Security documentation in place prior to issuance
Run Guarantee/LC diary system and monitor any outstanding items on Nostro reconciliation reports .
Ensure current regulatory/money laundering regulations are adhered to.
Profile :
Excellent knowledge of Guarantees (Project and Financial) operational processes and related documentation.Excellent Excel/Word and Microsoft Outlook skills.
Knowledge of SWIFT and Midas.Working knowledge of ICC rules applicable to Guarantees and L/Cs (Standby).
Leave a Reply
You must be logged in to post a comment.