ABOUT THE COMPANY

At Commercial International Bank (CIB) Kenya Limited, we take the time to truly get to know our customers and develop longstanding relationships with them.

We develop tailor-made solutions with an aim to meet and exceed customer expectations led by experienced and knowledgeable staff.

JOB SUMMARY

Job Purpose Statement

The role holder efficiently and accurately processes and checks various treasury & trade transactions for Bank customers, in accordance with the applicable procedures, rules and Policies, agreed service standards and operational instructions of the Bank.

RESPONSIBILITIES

Trade Finance Operations

• Checking of documentations submitted for trade transactions to confirm completeness and conformity to the Bank’s requirements
• Maintaining of trade finance files by ensuring that proper filing is done to ensure smooth retrieval of any file needed
• Maintenance of trade finance registers & schedules
• Attending to correspondences (internal and external)
• Responding to open items on reconciliation statements
• Ensure prompt review and submission of both regulatory and internal returns periodically
• Handling of trade transaction documents and liaising with customers to ensure prompt release of the same
• Resolution of issues in relation to trade transactions
• Monitor and ensure compliance with regulations in transaction processing
• Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
• Ensure adequate and excellent record keeping is maintained

Treasury Operations

• Checking and verification of vouchers relating to interbank and client forex transactions and booking the deals in the system
• Checking and verification of SWIFT messages to facilitate funds transfers & deal confirmations and other messages incidental to forex transactions and money market/ interbank deals
• Ensure prompt settlement of deals to/ from counterparties within stipulated cutoff times
• Ensure that SWIFT messages are downloaded and actioned on a daily basis
• Daily rates maintenance in the system
• Review of reconciliations for the various NOSTRO accounts maintained by the bank
• Prompt resolution of open items in the NOSTRO reconciliations
• Maintenance of departmental registers & schedules
• Ensure that all queries from banks and customers (e.g., non-receipt of outward transfers) are promptly investigated and resolved within stipulated TAT’s
• Investigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
• Review and submission of the various departmental reports (both CBK and management)
• Ensure proper records for departmental transactions are maintained

Payments Operations

• Prompt processing of incoming payments within the agreed SLA.
• Prompt processing of outgoing RTGS and TT transfers as received by the branches.
• Settlement of KRA payments via swift.
• Processing of swift payments received from other departments like finance, Card operations
• Review and implement robust unit SOPS that ensure full compliance with regulatory requirements
• Any other duties as assigned by the line manager.

REQUIRED SKILLS

• Treasury management
• Budgeting
• financial planning
• Accounting
• Stock and inventory management

REQUIRED EDUCATION

• Bachelor's degree

• Checking of documentations submitted for trade transactions to confirm completeness and conformity to the Bank’s requirements
• Maintaining of trade finance files by ensuring that proper filing is done to ensure smooth retrieval of any file needed
• Maintenance of trade finance registers & schedules
• Attending to correspondences (internal and external)
• Responding to open items on reconciliation statements
• Ensure prompt review and submission of both regulatory and internal returns periodically
• Handling of trade transaction documents and liaising with customers to ensure prompt release of the same
• Resolution of issues in relation to trade transactions
• Monitor and ensure compliance with regulations in transaction processing
• Facilitate and assist in Trade Finance product development and knowledge dissemination across the bank
• Ensure adequate and excellent record keeping is maintained
• Checking and verification of vouchers relating to interbank and client forex transactions and booking the deals in the system
• Checking and verification of SWIFT messages to facilitate funds transfers & deal confirmations and other messages incidental to forex transactions and money market/ interbank deals
• Ensure prompt settlement of deals to/ from counterparties within stipulated cutoff times
• Ensure that SWIFT messages are downloaded and actioned on a daily basis
• Daily rates maintenance in the system
• Review of reconciliations for the various NOSTRO accounts maintained by the bank
• Prompt resolution of open items in the NOSTRO reconciliations
• Maintenance of departmental registers & schedules
• Ensure that all queries from banks and customers (e.g., non-receipt of outward transfers) are promptly investigated and resolved within stipulated TAT’s
• Investigation on default/penalty claims by other banks and computation & generation of default/ penalty claims to other banks for non-settlement
• Review and submission of the various departmental reports (both CBK and management)
• Ensure proper records for departmental transactions are maintained
• Prompt processing of incoming payments within the agreed SLA.
• Prompt processing of outgoing RTGS and TT transfers as received by the branches.
• Settlement of KRA payments via swift.
• Processing of swift payments received from other departments like finance, Card operations
• Review and implement robust unit SOPS that ensure full compliance with regulatory requirements
• Any other duties as assigned by the line manager.

• Treasury management
• Budgeting
• financial planning
• Accounting
• Stock and inventory management

• Bachelor's degree