Public Speaking
Isaac Musembwa
Trade & Working Capital
Kampala
Summary
Experienced Trade Finance Specialist with a demonstrated history of working in the banking industry. Skilled in Business Development Product Development, Risk Management, Financial Markets Operations and Trade Services . Particularly skilful at streamlining, reorganizing, and executing team driven processes ensuring productivity and value addition in line with organizational purpose and culture. I possess excellent verbal and written communication skills, unquestionable teamwork and a high ability to learn. I have earned a reputation for fairness, flexibility, creativity and "determination to succeed where others would have thrown in the towel." The unflappable patience, compassion, and "interpersonal skills which extend beyond the realm of what a person can be taught" make me a right fit.
Overview
10
10
years of professional experience
11
11
years of post-secondary education
Work History
Sr Investments Officer - Trade & Working Capital
Uganda Development Bank Limited
08.2022 - Current
- Generate new business by prospecting and sourcing for new fundable projects engaged in trade finance transactions.
- Conducting initial screening of all trade finance investment applications received and liaising with customers to obtain missing documentation.
- Carry out trade finance operations function of the Bank and coordinate with other functions to ensure smooth execution of day-to-day activities of the trade finance unit & operational function in an effective and efficient manner.
- Participate in structuring and documentation of all approved trade finance deals and perform compliance checks prior to disbursements.
- Issue letters of credits, bank guarantees and other finance instruments.
- Ensure all essential and specific quality service levels as per Trade Finance Quality Service Levels are met.
- Monitoring of utilization limits and preparation of reimbursement requests for all maturing contingent liabilities.
- Monitoring of all trade finance accounts and availing system related support to trade finance clients (issuance of statements, reminders on dues)
- Responsible for all local and international trade related correspondent banking relations, related to trade finance transactions.
- Check all trade documents and prepare appropriate instruction to Issuing/remitting/Beneficiary/confirming/negotiating/reimbursing banks.
- Maintain register of all trade instruments and retire them timely on expiry under advice to counter parties.
- Initiate, review, and implement all collateral management agreements with collateral mangers.
- Carry field warehousing and keep track of all warehouse receipts, monitor releases and carry out periodic reconciliation of stock positions.
- Co-ordinate with monitoring, implementation, and recoveries unit constantly to ensure compliance with loan covenants.
- Monitoring trade finance policy and procedure exceptions and reports on volume and trends.
Trade Finance Manager
Exim Bank Limited
08.2019 - 12.2020
- To develop, maintain and support product management strategy for existing and new trade finance products and solutions
- Contribute to bank business by mobilizing non-funded business/customers
- To maintain and develop business relationships with existing and prospective customers
- To oversee Trade Finance operation and drive growth and revenue
- To offer relevant support to branch network in driving Trade sales and structuring Trade related deals
- Training and competence of staff in team - identify training needs; provide regular feedback and coaching to ensure that their maximum potential is achieved
- Ensure that all business and transactional activities comply fully with bank's sanction and prohibitions policy and evaluate risks associated with Trade Finance non-compliance.
Senior Officer Trade Finance Ops
Dfcu Bank Limited
11.2017 - 08.2019
- Verification and authorization of trade transactions and documentation within authorized limits including Import and Export transactions, Letters of Credit, Guarantees, Import and Export bills, Contract Finance, Forwards and all other trade Finance products
- Oversee performance of due diligence checks on trade documentation prior to execution of transactions
- Administer and monitor LCs, documentary collections and foreign bills of collection by carrying out various processes at the different stages in life cycle of these products
- Identifying and reporting suspicious activity in life with AML/CFT, KYC programs and bank policies/ regulatory framework
- Receive and resolve customer queries in trade finance operations within agreed timelines and mutual satisfaction of all parties
- Prepare and submit regulatory reports for Trade Finance products to central bank in timely manner
Trade Finance Officer
Centenary Bank
04.2014 - 11.2017
- Handling and processing import letters of credit for all branches
- Handling documents drawn for imports under letter of credit for all branches
- Handling of collections for imports and exports for all branches
- Processing & issuing guarantees in accordance with URDG
- To manage settlement function of forex/treasury operations
- Ensure timely transfer of financial transaction in safe environment
- Prepare accurate management reports in compliance with division work plan
Education
MBA - International Business
Amity Online University
India 07.2023 - Current
Business Computing -
Makerere University Business School
Nakawa 08.2005 - 01.2009
Uganda Advance Certificate of Education -
King's College
Budo 01.2003 - 12.2004
Uganda Certificate of Education -
King's College
Budo 03.1999 - 12.2002
Some College (No Degree) -
Harriot Watt University
Edinburgh 03.2020 - 12.2020
Skills
Strong relationship building
undefinedAffiliations
- 2018/9 AML System project
- 2018 Cultural Transformation Project
- 2016 Core team member (Business analyst Trade Finance) in the successful migration to a new core banking system by Centenary Bank
- 2013 Core team member in the successful upgrade of the core banking system at Diamond Trust Bank
References
- Mr. Wycliffe Twesigye, Consultant, Trade Finance Division, African Development Group, Longonot Road, Upperhill, Nairobi, Kenya, (+254) 742049241, w.twesigye@afdb.org
- Mr. Joseph Kizito, Head of Credit Policy & Portfolio Management, ABSA Bank Uganda Limited, Plot 2 Hannington Road, Kampala P.O.Box 7101, (+256) 787016683
- Mr. Nicholas Mwasame, Partner, Shonubi Musoke & Co. Advocates, Plot 14 Hannington Road, Kampala, P.O.Box 3213, (+256) 77 363 4733, nmwasame@shonubimusoke.co.ug
Interests
Travelling
Sports
Timeline
MBA - International Business
Amity Online University
07.2023 - Current
Sr Investments Officer - Trade & Working Capital
Uganda Development Bank Limited
08.2022 - Current
Some College (No Degree) -
Harriot Watt University
03.2020 - 12.2020
Trade Finance Manager
Exim Bank Limited
08.2019 - 12.2020
Senior Officer Trade Finance Ops
Dfcu Bank Limited
11.2017 - 08.2019
Trade Finance Officer
Centenary Bank
04.2014 - 11.2017
Business Computing -
Makerere University Business School
08.2005 - 01.2009
Uganda Advance Certificate of Education -
King's College
01.2003 - 12.2004
Uganda Certificate of Education -
King's College
03.1999 - 12.2002
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