What do you know about ABK Egypt
Since its establishment in 1967, Al Ahli Bank of Kuwait (ABK) has progressed to become one of the leading Kuwaiti banks in the region that is today known for offering ‘Simpler Banking.’ The Bank offers personal, corporate, and private banking of which includes a wide array of products and services.
ABK also provides a broad range of local, regional, and global investment solutions and services through its subsidiary, Ahli Capital Investment Company (K.S.C.C) known as ABK Capital. Established in 2006, it is a leading regional investment firm that provides asset management solutions as well as investment advisory services.
ABK’s strong management coupled with its focused strategy have contributed to its stability and continued expansion and growth across the region to service other markets in Egypt and the UAE.
ABK currently has 29 branches located in Kuwait and 45 in Egypt. In the UAE, it has two full service branches located in Abu Dhabi and Dubai, where it was the first Kuwaiti bank to have a branch in the country, as well as one wholesale banking branch in Dubai International Financial Centre (DIFC).
Throughout the years, the Bank’s long-term regional aspirations have developed into strategic alliances with world-class partners. Among these is ABK’s relationship with Emirates Skywards, with whom the Bank has established the country’s first co-branded credit card partnership in 2002, which offers cardholders the opportunity to earn and redeem Skywards Miles.
ABK has received numerous awards from reputable institutions throughout the years, attesting to its organizational strength. Among these, ABK has been ranked amongst the top 10 safest banks in the Middle East multiple times by Global Finance. The Bank also continues to enjoy strong credit ratings of A2 from Moody’s and A from Fitch.
Join us now as a Wholesale Banking Hub Officer
About the job
Job purpose:
Handling wholesale client requests related to LG, LC, IDCs, internal transfers, outgoing transfers & TD to within agreed timeframe to ensure satisfaction of customers.
SPECIFIC ACCOUNTABILITIES
- Responsible for verifying wholesale client signatures related to (LGs – LCs – Form 4 – internal transfer – outgoing transfer – IDCs).
- Responsible for checking that all wholesale documents related to internal and outgoing transfers were fulfilled.
- Responsible for checking on the core system that the client has Email and Fax instruction in case of receiving client request on the Email.
- Responsible for submitting wholesale client requests on the workflow.
- Responsible for corresponding with the concerned area in the Corporate/SMEs, CLMC and Trade Finance in case of technical issues and follow up for their reply.
- Responsible for preparing checklists related to documentary credit issuance and inward documentary collections (new creation and payment events) requests, shipping documents presented under export letter of credit, outward documentary collections and LGs issuance, outward and internal transfer requests, TDS creation and redemption ‘s requests after ensuring that client’s signature verifications are fulfilled.
- Responsible for ensuring upon delivery of documents (inward documentary collection / documentary credit/ LGs issuance) that shipping documents stamps and endorsed (in case of needed)
- Responsible for following original wholesale client requests after execution.
- Responsible for stamping LG issuance request as per CBE instructions.
- Responsible for handling the client request within the agreed time frame.
- Responsible for preparing and sending manual reports to the verifier with the executed transactions daily.
Education & experience
- Bachelor’s Degree in Commerce or Business Administration or Economics
- Minimum 0 years of experience