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Senior Manager, Trade Finance job at Equity Bank | Apply Now
Are you looking for Bank Jobs in Uganda 2024? If yes, then you might be interested in Senior Manager, Trade Finance job at Equity Bank
Kampala, Uganda
Full-time
Equity Bank Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.
Equity Bank is one of the fastest growing banks in Uganda, with a large network of 50 branches, 7,000+ EquiDuukas, 1,279 POS Terminal and 50+ ATMs spread across the country. 25 of these branches are located in Central and greater Kampala, serving over 1,800,000 customers. The Bank has deployed a number of Alternate Business Channels to enhance its product and service delivery. These include: Internet Banking, Eazzy 247- a mobile banking service, Point of Sales (POS) machines as well as partnerships with major telecom companies.
The Bank has adopted the Group approach of financial inclusion by opening its doors to customers across the financial pyramid. On the back of the Group technological advances, Equity Uganda is now recognized as a key enabler to driving inclusion and innovation through strategic partnerships with telecoms, utility companies, local government, religious bodies, and third- tier financial institutions.
The partnership with the entities above has enabled Equity Bank Uganda to grow through technology adoption, faster access to finance and improved play in the growing cross-border opportunities following the recent revitalization of the East Africa Community (EAC). The Bank plays a pivotal role in facilitating trade by providing a gateway from Kenya to the quickly growing economies of Rwanda, Burundi, Democratic Republic of Congo and South Sudan. Improved performance and growth has resulted in improved customer relationships and better regulatory ratings.
Equity Bank Uganda Limited is a major contributor to Uganda’s job market as it currently employs over 2,000 members of staff. It won the Uganda Investment Authority “Employer of the Year Award" in 2010 and is among the top Ten Banks in Uganda in terms of profitability and customer deposits as at 2015.
Senior Manager, Trade Finance job at Equity Bank
Equity Bank
To grow the Bank's Trade Finance segment business and develop strategies for client retention, growth of New to Bank Trade customers, development of products and services in the trade finance portfolio and ensure portfolio quality in line with the set targets and the Bank policies.
Strategic Planning and Business Development
Strategy Development: Formulate and implement strategies to grow the SME banking segment, aligning with the overall business objectives of the financial institution.
Market Analysis: Conduct thorough market research to identify trends, opportunities, and competitive positioning within the SME sector.
Growth Initiatives: Drive business growth by identifying new opportunities, developing targeted products and services, and expanding market share within the SME segment.
Client Relationship Management
Client Acquisition: Lead efforts to acquire new SME clients and enhance relationships with existing clients, ensuring high levels of satisfaction and loyalty.
Client Solutions: Develop and provide tailored financial solutions to meet the specific needs of SME clients, addressing their business challenges and objectives.
Client Engagement: Engage regularly with clients to understand their evolving needs and provide strategic financial advice.
Risk Management
Credit Risk Assessment: Oversee the assessment, approval, and management of credit facilities for SME clients, ensuring compliance with credit policies and risk management frameworks.
Portfolio Management: Monitor the performance of the SME loan portfolio, identifying and mitigating potential risks to maintain a healthy balance sheet.
Regulatory Compliance: Ensure all SME banking activities comply with relevant regulations, internal policies, and industry standards.
Leadership and Team Management
Team Leadership: Lead, mentor, and develop the SME banking team, fostering a culture of high performance and collaboration.
Talent Development: Identify and nurture talent within the team, providing training and development opportunities to enhance skills and knowledge.
Performance Management: Set performance targets for the team and regularly review progress, providing feedback and support to achieve business goals.
Product and Service Development
Product Innovation: Collaborate with product development teams to design and introduce new financial products and services that cater to the unique needs of SMEs.
Service Enhancement: Continuously improve service delivery processes to enhance client experience and operational efficiency.
Financial and Operational Management
Budget Management: Develop and manage the budget for the SME segment, ensuring efficient use of resources and achievement of financial targets.
Performance Monitoring: Track key performance indicators (KPIs) and financial metrics, analyzing results to make data-driven decisions for improvement.
Operational Efficiency: Streamline operations and implement best practices to enhance the efficiency and effectiveness of the SME banking division.
Stakeholder Engagement
Internal Collaboration: Work closely with other departments, such as risk management, compliance, operations, and product development, to ensure a cohesive approach to serving SME clients.
External Relations: Build and maintain relationships with external stakeholders, including industry associations, regulators, and key partners.
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A Bachelor's degree in business related field from an accredited institution.
MBA or Post Graduate qualification will be an added advantage.
At least 8 years in a relationship management role, preferably in banking/ financial institutions or commercial environment with at least 4 years in Trade Finance at managerial level.
Must I possess good knowledge of product implementation and an understanding of operational risk management.
Thorough knowledge of product economics & pricing.
General understanding of credit functions & excellent operational risk analysis skills
If you believe you can clearly demonstrate your abilities to meet the criteria. given above, please submit your job application cover letter along with a detailed resume, copies of the relevant certificates and testimonials in a single PDF file format, quoting the respective Job title or Ref no. in the subject field to recruitment@equitybank.co.ug
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