Job Description
- The incumbent will be responsible to review documentation against Islamic finance facilities to ensure all underlying transactions & documentations are in line with Shariah Guidelines.
- Preparation of Commodity Murabaha contracts along with booking of Shariah approved commodities using treasury platform.
- Prepare Commodity Murabaha contracts against Islamic Finance Murabaha/Com. Murabaha approved facilities.
- Ensure Shariah approved formats as standard or client specific is being used while contract preparations.
- Ensure no errors while booking TCM commodities deals against Commodity Murabaha contracts.
- Ensure no errors while preparation of Commodity Murabaha Contracts for further finalization and executions.
- Ensure no errors while facilities charges and related reconciliations.
- Review & guide all Trade and Wholesale credit finance teams on Islamic facilities and review their transactions to identify if any issues/errors from transactional perspectives against agreed Shariah Guidelines.
- Understanding of Corporate/FI/TR/Export loans, Repayment schedule and Interest calculations.
- Prepare Process notes, SOPs and Process Checklist.
- Ensure all procedures that are developed comply with Bank Policy and Guidelines.
- Review customer complaints and take immediate action to satisfy them.
- Ensure MBOs achieved on time.
- Exercise due diligence in checking applications particularly for Priority Customers, High value transactions.
- Ensure SLA adherence. All processing should be as per SOP/OPM’s and UCP/ISBP as applicable and approved as Product Program. Charges recovery to be as per the extant guidelines.
- Perform sanction checking of relevant parties in documents, checks related to TBML
- Handle Commodity Trade Operations documents
- Ensure no unattended reconciliation entries pending in Nostro or Internal accounts on daily basis.
- Ensure cross skilling for entire team in at least 2 more products.
- Preparation of Process Guidelines, Standard Operating Procedures and Checklists. And ensure no gaps while implementation of new processes.
Job Requirements
- Graduate with thorough and in depth understanding of Islamic Finance (Comm. Murabaha, Ijarah, Wakala, Musharakah…., etc.) & Trade products and functions.
- Thorough understanding of Swift, Trade Finance and Financial Operating Systems.
- General Banking knowledge and experience of working with banking operations team.
- A Minimum of 5-7 years’ experience in handing Islamic Finance products, Trade and Wholesale finance products.
- Strong Communications and interpersonal skills.
- Proficiency in MS Office (Word/Excel/PPT) and comfortable to work on multiple banking/financial soft wares.
- Attentive to details, strong analytical skills and interpersonal skills
- Able to work under pressure, excellent organizational skills and good team player.
Apply Via The Following Link
