Trade Finance Officer at Mwanga Hakika Bank Limited

Trade Finance Officer at Mwanga Hakika Bank Limited

Mwanga Hakika Bank Limited

Dar es Salaam

Mwanga Hakika Bank Limited (MHB) came in into existence in 2020 as a result of merging three entities of Mwanga Community Bank Limited, Hakika Microfinance Bank Limited and EFC Tanzania Microfinance Bank

Trade Finance Officer Job Vacancy at Mwanga Hakika Bank Limited
Mwanga Hakika Bank Limited (MHB) is a fully-fledged Commercial Bank and 100% owned by local Tanzanians. We have exciting opportunities for enthusiastic and committed individuals to join our dynamic and growing team in the following open vacancy:

1. JOB DESCRIPTION – TRADE FINANCE OFFICER

JOB PURPOSE

To contribute in attainment of the company goals and objectives through properly maintaining and growing off-balance sheet business of the bank. Play a crucial role in expanding the bank’s trade finance portfolio, fostering client relationships, and ensuring effective delivery of trade finance solutions/ services.

SUMMARY OF THE KEY DUTIES AND RESPONSIBILITIES

Responsibilities

Responsibility for Trade Sales across Corporate & Retail segments.
Assist Senior Manager Trade Finance to effectively manage the Trade Finance Budget in collaboration with the relationship management teams in the respective business units/segments.
Advising and structuring International Trade & Commodities Finance and Correspondent
Banking relationships.
Provide necessary support to the relationship teams through sales materials, sales drives, etc. to ensure sustainable growth of Trade funded and NFI numbers.
Work with Senior Manager Trade Finance to develop sales pipelines of trade-related business in line with overall Account Plans.
Maintenance of the existing client base and acquisition of new businesses from the market.
To structure Working Capital solutions and sell Trade finance solutions to new and existing Customers within Retail & Corporate Banking segments.
Ensure adherence to statutory and bank legal requirements concerning operations in the
Trade Finance back office.
Provide support for approvals for concessionary pricing of both funded and non-funded
Trade finance products to business units and operations.
Gather market intelligence continuously and leverage the information to
Ensure the Bank remains competitive from a pricing and product perspective.
Keeping up to date with changes in international trade regulations and financial Markets, and advising the organization on the potential impact of those changes.
Maintain and improve efficient service level-related operations and processing to quality objectives.
Regularly identify, measure, monitor, and control the overall levels of risks in the Trade
Finance business.
Responsible for regular reviews and updates to ensure risk management adaptation to the changing business environment.
Support in the development of policies and procedures for structured Trade finance and
Trade products that have been customized for use by the various business units.
Maintain a reporting schedule of defined Key Risk Indicators and measure performance against these every month to reduce possible losses due to omissions and mistakes.
Periodically review and support in development of Structured Trade Finance Procedures and processes to mitigate against inherent risks using a solid understanding of the working capital cash conversion cycle and be able to effectively quantify and relate how our Supply Chain Finance and/or traditional Import LC or Export LC
Solutions would improve a company’s working capital metrics.
Coordination of utilization reports for Structured Trade Finance facilities between the Trade finance back-office, the relationship management team(s), and credit risk for purposes of monitoring.
Ensure that the Bank remains reasonably unexposed to any undue risks, by collecting, Collating and analyzing market-related intelligence information for use by the Bank.
Any other job assigned by supervisors.

KEY COMPETENCIES REQUIRED AND ACADEMIC BACKGROUND

A: Required Qualifications

Bachelor’s degree in Finance, Business, Marketing, or a related field
Proven experience in trade finance sales or a related field
An additional qualification in the Banking industry
Certification in trade finance is an added advantage
Post Graduate Diploma /MBA is an added advantage.

B: Required Experience:

2 to 3 years of experience in a banking environment.

C: Required knowledge and skills

Thorough knowledge of banking operations (domestic and international)
Management skills
In-depth understanding of trade finance products, instruments, and documentation.
Excellent customer service capabilities
Strong analytical, negotiation, and problem-solving skills
Oral & written communication
Documentation and process management skills
Analytical skills/problem-solving
Team building/conflict management

KEY BEHAVIORS COMPETENCY NEEDED

Self-driven and results-oriented
Possess a high level of integrity
Ability to lead, coach, and grow a team of banking professionals
Good communication and interpersonal skills
Organization and coordination skills

Interested candidates are requested to submit their applications to career@mhbbank.co.tz. The deadline for application is February 06, 2024. Only shortlisted candidates will be contacted.