Senior Associate - Supply Chain and Factoring - FTC Ops
Mashreq
Date: 5 hours ago
City: Remote
Contract type: Full time
Remote
- Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs.
- Ensure timely authorization of transactions (Disbursement, Amendments and Settlement) without any error and SLA/TAT breach.
- Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies.
- Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.
- Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.
- Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components.
- Ensure to have complete knowledge of SWIFT (MT103, MT202 and Inquiries Msg.) & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
- Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.
- Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
- End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
- Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
- Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
- Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
- Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
- Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
- Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
- Strong referral and follow up skills till completion of o/s task.
- No revenue leakage due to miss out in charges collection.
- No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
- Experience of handling new system UATs, defining requirements and relevant follow-ups.
- Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle
- Ensure timely authorization of transactions (Disbursement, Amendments and Settlement) without any error and SLA/TAT breach.
- Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies.
- Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.
- Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.
- Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components.
- Ensure to have complete knowledge of SWIFT (MT103, MT202 and Inquiries Msg.) & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments.
- Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.
- Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.
- End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.
- Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).
- Ensure all banking accounts are balanced while reconciliation b/w multiple systems.
- Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free.
- Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.
- Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
- Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.
- Strong referral and follow up skills till completion of o/s task.
- No revenue leakage due to miss out in charges collection.
- No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.
- Experience of handling new system UATs, defining requirements and relevant follow-ups.
- Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Manager, Core Banking - Retail.MGN Pak - TECH - Core Banking Program.MGN Pak - TECH - Retail Technology.MIT
Mashreq,
Remote
5 hours ago
The role of this individual is to be part of the core banking transformation program team by proactively driving the delivery of a next-generation Core Banking platform for Mashreq. Individual will be responsible for the end-to-end management (from start of the program till implementation across 6 geographies) and timely completion of Core Banking Program for Business/Function.The purpose of this role...
AI Prompt Engineering Intern
AIOTAC,
Remote
1 day ago
Job OverviewWe are seeking a motivated and creative AI Prompt Engineering Intern to join our team. This role is ideal for students or recent graduates who are passionate about Artificial Intelligence, Large Language Models (LLMs), and Generative AI technologies. As a Prompt Engineering Intern, you will help design, test, optimize, and document prompts that improve the performance, accuracy, and reliability...
Call for Application, Disability Inclusion and Protection Mainstreaming Specialist
IOM - UN Migration,
Remote
1 day ago
Job DescriptionIntroductionEstablished in 1951, IOM is a Related Organization of the United Nations and the leading UN agency in the field of migration. Working closely with governmental, intergovernmental and non-governmental partners, IOM promotes humane and orderly migration for the benefit of all. It saves lives and protects people on the move, drives solutions to displacement, and facilitates pathways for regular...
