Time left to apply: End Date: October 13, 2024 (3 days left to apply)
Job Requisition ID: R-15968301
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, and 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 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.
About Us
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management, and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41,000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom, and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania, and Zambia.
#J-18808-Ljbffr