Financial Institutions Officer

KEY ACCOUNTABILITIES

Prepare credit review analysis reports and requested AFLs according to the approved templates in the Credit Policy Manual for the assigned FI relationships including detailed write up, risk, financial statement analysis and sector review etc.
Preparing all memos to be signed by the correspondent banking department.
Ensure securing proper levels of approvals related to each FI limits/Transactions.
Prepare all requested reports requested from Financial Institutions Department and collecting all data, performing requested analysis.
Preparing Country Limits Report to identify the credit limit granted for each country, according to its GDP and international rating agencies.
Reply to inward requests received from banks, financial and non-financial institutions, either through direct contact or through liaising with other departments.
Secure the connections with correspondent banks through helping in establishing encrypted messages through RMA in coordination with Swift and Compliance department.
he issuance of Letters of Credit (LCs) and Letters of Guarantees (LGs) to correspondent banks, as well as confirming LCs and LGs received from other correspondent banks. This involves verifying the availability of limits extended to correspondents and conducting financial assessments for banks without limits.
Updates Standard Settlement Instructions (SSI) List with necessary modifications & update EGBank’s data on Bankers Almanac.
Suggesting opening Nostro Accounts with correspondents in local and/or foreign currencies in the light of EGBank’s needs for new correspondent accounts, and that’s through comparing between the presented offers from the different correspondent banks and choose the most suitable offer in the aim of maximizing revenues and minimizing costs of Nostro Accounts.
Studies requests received from correspondent banks to open Vostro Accounts. In addition to acquire all the required (Know Your Customer) documents in that’s in cooperation with Compliance division.
Replies for EGBank’s branches’ and credit department’s inquiries regarding the direction of Letters of Credit (LCs) and Letters of Guarantee (LGs).
Help in establishing new relations with other correspondent banks and in accordance with bank needs to ensure achieving the requested financial targets.
Renewing yearly contracts with external service providers like Orbis Bank Focus, Bankers Almanac, Legal Entity Identifier, Corporation Service Company (CSC), etc. Also, handling contracts and reporting for different International Financial Institutions with coordination among EGBANK departments.

Qualifications and Required Skills:
Educational Level: Bachelor’s degree (Economics, Commerce).

3:6 years of related experience , It is preferred to have trade finance experience, financial statements analysis.

Related Certification is a plus. Ex: Credit Certification Course.

Communication, Negotiations and Marketing Skills

Languages: Fluent in English and Arabic (Speaking and Writing).