Senior LG Officer

Job Purpose

Issue, amend, liquidate, or cancel LG, Counter-Guarantee (issued & received) transactions, process transactions in accordance with ABK policies & procedures, and maintain proper records for banking instructions to be followed

Key Accountabilities

• All activities to issue, amend (increase, decrease, extend, other) pay and cancel L/Gs & counter guarantees
• Swift messages and other correspondence
• Check credit Line and customer account availability
• Create current accounts with / without interest for crediting cash cover amounts.
• Follow up with branches to provide us with any original applications
• Corresponding with banks unit when asking & follow up their reply
• Compliance: with regulatory requirements governing LGs as well as bank’s approved policies & procedures
• & ensure compliance of all tasks performed with international & local regulations and bank’s policy and procedure
• Receipt: the daily postage, register them in the relevant sheet & register of all incoming LGs requests
• Report: Participate in preparing.  Daily / monthly/quarterly Reports to CBE, Risk Management, FI, Finance, Corporate Bank, other periodic reports 
• Handling minor internal and customer inquiries & complaints
• Sending all copies of amendments to the branches for delivery to clients whenever required
• for all LGs process e-archiving, scan, re-name and allocate the related transactions with its ref acknowledgment, amendment,     
• until close and settle the file. 
• Responsible to file copies of all the amendments/correspondence letters, approvals, original LG application original customer receipt in the LG file according to the sequence of the events,
• Recommendation of initiatives that improve the internal process
• Provide advice and technical assistance to account officers and branches regarding the L/G.

Education

Experience

Minimum of 5-year banking sector experience

Competencies & Skills