Job Opportunity: TTS CO/Trade Operations Representative
JOB VACANCY – CitiBank Cameroon: TTS CO/Trade Operations Representative, DOUALA
Job Req ID 23704021 Location(s) Douala, Cameroon Job Type On-Site/Resident Job Category Transaction Services
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TTS CO/ Trade Operations Representative is an intermediate level role responsible for executing complex transactions and participating in complex processes in coordination with the Transaction Services team. The overall objective is to act as a subject matter expert while processing all regular transfers, payments, trade transactions, while ensuring adherence to Regulations in place. The Trade Operations is responsible for handling processing of all Bank Trade transactions including but not limited to Letters of credit (Import, Export), Standby Letters of Credit (SBLCs), Letters of Guarantees, Collections (Import and export), Offshore Loans.
Staff also supports Cash Functions within the IPU/Cash Ops unit
Responsibilities:
Ensuring Trade transactions are processed accurately, on a timely basis, and in compliance with Client request, local law, FX regulations and US regulations.
Performing regular review and improvement of Trade Processes and Procedures
Investigating and resolving issues on processing of Trade transactions
Ensure all Controls with regards to Trade are adhered to
Support Cash functions within the Cash Ops unit
Knowledge and mastery of Trade Procedures and Trade Products
Pre processing of trade transactions (ICs, LCs, ELCs, ECs, LGs, SBLCs) in accordance with customers applications and Trade policies and procedures. a>Archiving and Filing of documentsManagement Control assessments updatesEOD Trade ReconciliationPreparing and scanning in TRIMS/ TITAN Imaging of transactions for processingPre scrutiny of documents’ drafts
Pre scrutiny of applications’ drafts (LC, SBLC, Guarantees)Reconciliations of Trade related Nostro/Suspense accounts (Open items)Regulatory ReportingProofing, (review and explanations of differences with adequate Corrective action plans)Various MIS reporting for the businessLocal Compliance on Foreign CCY(trade) outgoing payments for compliance to Regulation< /span>Pre-scrutiny and scrutiny on loans request< /span>Prepare Regulatory Reports related to TradePrepare quality reports/Perform EOD reconciliationArchiving and filing of documentsPreparations of booking entries for loan and bill discounted.Pre-scrutiny and scrutiny on bill discountedReconciliation of suspense accountsReconciliation of nostros accounts.Proper follow up and booking entries on inward and outward collection.Handling of Trade loans and other syndicated loan booking
Complete Departmental Control Function checklist
Prepare proofs on trade related accounts
Maintain records for transaction volumes / statistics on all Trade products< a i=3>Handle various projects for the teamProcess all regular, restricted and legal transfers; which include processing of payments, receivables, trade transactions, liquidity flows and wholesale card activityEnsure transactions are processed efficiently, act as a SME (subject matter expert), effective reconciliation and recommend process improvements a>Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm’s reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.Develop understanding of how the cash & trade operations team interacts with others in accomplishing objectivesContribute to and collaborate with cash & trade operations projects as neededAnticipate and respond to requests for deliverables with internal and external clients and vendorsEvaluate and recommend solutions to problems through data analysis, technical experience and precedent
Qualifications:
Previous relevant experience preferred
Fundamental understanding of financial industry regulations
Effective verbal and written skills< /span> a>Minimum 04 years experienceCapacity to work under pressureHigh levels of integrityLeadership Skills, Good interpersonal skills and ability to communicateGood level of security sense and fraud awarenessAbility to efficiently prioritize the tasks to performQuality oriented with high concentration on the jobGeneral understanding of Bank products, foreign exchange local regulationsAbility to detect minor unauthorized changes on Documents presentedExposure to both internal, external and Regulatory auditMastery of Bank ProductsDealing with diverse groups of people in different geographical locations.Ability to work with minimal supervisionGood working knowledge of Excon regulation
Effective communication and analytical skills
Education:
Bachelor’s/University degree or equivalent experience in relevant Financial Degree
International Certification in TRADE is an advantage
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Job Family Group:
Operations – Transaction Services
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Job Family:View the Pay Transparency PostingView the EEO Policy Statement.View the “EEO is the Law” to post. View the EEO is the Law Supplement.Citigroup Inc. and its subsidiaries (“Citi”) invites all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citi is an equal opportunity and affirmative action employer.———————————————— ——-Full timeTime Type:——————————– ———————
Cash Management
All applications must be submitted ONLINE at:
https://jobs.citi.com/job/douala/tts-co-trade-operations-representative/287/58596588304< /span>
READ AND FOLLOW THE INSTRUCTIONS GIVEN ABOVE TO APPLY, AND NEVER SEND MONEY DURING RECRUITMENT.
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