Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
In this role you will be responsible for delivering and administering all procedures pertaining to the processing of Trade Finance related products and services as received from Trade Middle Office post fit for processing checks and within required SLAs. This includes but is not limited to Letters of Credit, Documentary Collections, BGIs (Bonds, Guarantees and Indemnities), Open Accounts products e.g. RF, SRF, SF. FI Trade and Trade Loans, Irrevocable Reimbursement Undertakings (IRUs)
Job Description
Your key accountabilities will include;
- Performing transaction processing with a high degree of accuracy and in accordance with policies and procedures.
- Fulfilling all functions relating to reconciliations, settlements, monitoring and reporting requirements.
- Acting as a consultant or releaser for various transactions however would not be able to do and release its own transactions.
- Processing client instructions within agreed Service Level Agreement (SLA)
- Checking that all information received is in accordance with the required standards.
- Validating and obtaining an exchange rate where necessary
- Capturing Excon Rulings as received and in accordance with Central Bank requirements
- Capturing the correct Balance of Payments (BOP) category.
- Ensuring that signatories, indemnities and credit have been authorised
- Providing a high quality of service to all clients within agreed SLAs
- Ensuring high quality of communication to internal and external clients, both verbal and written.
- Ensuring adherence to quality standards to avoid risks to the Bank through effective & efficient management of transactions.
- Drawing Day End listings and action accordingly to ensure that all work received is and actioned on the same day.
- Providing suggestions to the line manager on improvements and solutions based on knowledge of the trade value chain.
Send in your application if you have;
- An applicable Degree or Diploma with 3 to 6 years related experience
- 3 to 5 years in Trade Finance Products
- Preferably with CDCS – Certified Documentary Credit Specialist (For FI and Documentary Trade)
Education
Higher Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
