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Officer, Forex Outward Payments job at Standard Bank | Apply Now
Kampala, Uganda
Full-time
Are you looking for Bank Jobs in Uganda 2024? If yes, then you might be interested in Officer, Forex Outward Payments job at Standard Bank
Stanbic Bank is one of Uganda's largest and most reputable financial institutions, known for its extensive range of banking products and services tailored to meet the needs of individuals, businesses, and corporations. As a member of the Standard Bank Group, which is Africa's largest banking group by assets, Stanbic Bank benefits from a strong financial foundation and access to a broad network of resources and expertise.
The bank offers a variety of services including personal banking, business banking, corporate and investment banking, and wealth management. Stanbic Bank's personal banking services include savings and current accounts, loans, mortgages, and credit cards, designed to help individuals manage their finances effectively. For businesses, the bank provides customized solutions such as business accounts, trade finance, and cash management services, aimed at supporting the growth and operational efficiency of SMEs and large enterprises.
Stanbic Bank is also a leader in digital banking innovation, offering advanced online and mobile banking platforms that provide customers with convenient, secure, and efficient access to their accounts and banking services. This commitment to technology ensures that clients can manage their finances anytime and anywhere, enhancing their overall banking experience.
The bank is deeply committed to corporate social responsibility, actively participating in initiatives that promote education, health, and economic development in Uganda. Through programs such as the Stanbic National Schools Championship and various community development projects, the bank invests in the future of Ugandan society, reflecting its dedication to making a positive impact.
Stanbic Bank's strong reputation for reliability, customer service excellence, and financial stability makes it a trusted partner for individuals and businesses alike. Its strategic focus on innovation, community engagement, and sustainable growth positions Stanbic Bank as a key player in Uganda's financial sector and a driver of economic progress.
Officer, Forex Outward Payments job at Standard Bank
Standard Bank
To handle all telephonic, email and fax queries relating to merchant statements (e.g., paid or unpaid invoices / debtor age analysis), merchant remittances and general merchant enquiries (e.g., updates merchant banking details, etc.) for payments received. To contact merchants in order to obtain outstanding invoices as detailed on the VIP report supplied by the Fleet system.
Processing Outward Forex Transactions: Handle the processing and execution of outward foreign exchange transactions, including international payments, remittances, and transfers initiated by customers or clients.
Transaction Verification: Verify the accuracy and completeness of transaction details provided by customers, ensuring compliance with regulatory requirements, internal policies, and anti-money laundering (AML) regulations.
Documentation Review: Review and authenticate supporting documentation for outward forex transactions, such as invoices, contracts, trade documents, and identification proofs, to ensure authenticity and compliance with regulatory standards.
Compliance Monitoring: Ensure adherence to regulatory guidelines, exchange control regulations, and compliance policies governing outward forex transactions. Perform due diligence checks and risk assessments to identify and mitigate potential compliance risks.
Customer Service: Provide assistance and support to customers or clients regarding outward forex transactions, addressing inquiries, resolving issues, and providing guidance on transaction procedures, documentation requirements, and regulatory compliance.
Transaction Reporting: Prepare and submit required reports to regulatory authorities, such as central banks or financial regulatory agencies, regarding outward forex transactions, as per regulatory reporting obligations and guidelines.
Transaction Monitoring: Monitor outgoing forex transactions for suspicious activities, unusual patterns, or potential fraud indicators, and escalate any suspicious or high-risk transactions to the appropriate authorities or compliance team for further investigation.
Systems Management: Utilize forex management systems or software applications to process, track, and record outward forex transactions accurately and efficiently. Ensure the integrity and security of transaction data and system access controls.
Communication and Coordination: Liaise with internal departments, external correspondent banks, intermediaries, and regulatory bodies to facilitate smooth and timely processing of outward forex transactions, resolve transaction-related issues, and ensure effective communication and collaboration.
Risk Management: Identify, assess, and manage risks associated with outward forex transactions, including currency exchange rate risks, liquidity risks, credit risks, and operational risks. Implement risk mitigation strategies and controls to safeguard the organization's interests.
Training and Development: Stay updated on industry trends, regulatory changes, and best practices related to outward forex payments. Participate in training programs, workshops, and professional development activities to enhance knowledge and skills in forex operations and compliance.
Recordkeeping and Documentation: Maintain accurate and organized records of outward forex transactions, including transaction details, supporting documentation, compliance checks, and audit trails, in accordance with recordkeeping policies and regulatory requirements.
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Type of Qualification: Secondary/High school/A levels/Matric
Field of Study: Not applicable
Experience Required
Business Solutions
Business & Commercial Banking null
Additional Information
Behavioral Competencies:
Checking Details
Conveying Self-Confidence
Documenting Facts
Examining Information
Following Procedures
Interpreting Data
Managing Tasks
Producing Output
Showing Composure
Team Working
Upholding Standards
Technical Competencies:
Active Listening
Diary Management
Query Resolution
Risk Identification
Risk Reporting
Verbal Communication
APPLICATION FOR THIS POSITION MUST BE DONE ONLINE:
Are you interested? Click the "APPLY" button below to submit your application.
