SUMROSE SHEIKH

BANKER in Lahore, Pakistan

SUMROSE SHEIKH

BANKER in Lahore, Pakistan

CAREER OBJECTIVE:

To be part of an esteemed organization in financial sector where my academic qualification, experience and personal skills are utilized to the best interest of the organization thus giving me an opportunity to expand my knowledge base, be a better professional and an asset with eagerness to gratify diverse up-coming challenges in financial sector.

WORK EXPERIENCE:

ASSISTANT MANAGER - CENTRALIZED EXPORT UNIT (BANK ALFALAH LIMITED)

Assist unit head in managing a team of eight individuals involved in varied export transactions associated with high net worth corporate and commercial clients and directly responsible for initiating negotiation/discounting of foreign documentary bills (FBP) in liaison with relationship manager and client, careful scrutiny of LC documents, finalizing rates and pricings with treasury operation and corresponding with bank’s Financial Institution Division (FID) seeking approvals for clean and discrepant exposures for placement of loans. Well- versed and comfortable working in Temenos T24 environment.

Other responsibilities include meticulous compliance of central bank procedures to mitigate operational risk. Constantly develop and maintain management information systems to reduce TAT and timely reporting to HO. To assist unit manager disseminate quality standards to other branches to adhere operational uniformity.

Consolidated Work Experience:

Negotiation of foreign LC documents and markup recovery, Negotiation of inland LC documents and inland bank guarantees. Handling collection for Contract and LC documents. Processing advance, contract and LC bill payments.

Grant of pre/post-shipment loans, Grant central bank’s subsidized pre/post-shipment loans. Establish and retire ‘documentary credit’, Grant import financing vide FIM and FATR, Month-end balancing, accruals and markup recoveries. Misc. tasks (Form “E” issuance and certification, LC Advising etc.)

Sufficient practical understanding of UCP 600, URC 522, URR 725, ISBP document checking andscrutiny Sufficient understanding and experience of general banking operations like account opening, anti-money laundering policies, pay-orders, demand drafts, local/foreign remittance and clearing etc.

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  • Work
    • BANK ALFALAH LIMITED
  • Education
    • University of Central Punjab