Recruitment Description/ Key Accountabilities

Qualifications and Skills

Job Description

• Front & Middle office support – participate in implementation and provide support to the Front Office (Coverage) and Middle Office (Trade Sales) .
• Innovation – continuously investigate new and better ways to enhance the operating environment by measuring the effectiveness of all procedures.
• Fit for Processing (FFP) – establish and solution root cause FFP failures to ensure streamlined transaction management e.g. no credit limits, resolutions and mandates not in place
• Adhoc requests – e.g. Certificate of balance, audit certificates, client queries from Trade Sales Team , book reports, provide an account on boarding service to new clients and assist Trade Sales Team to train clients around the operation of their relevant facilities
• Trade Sales requests – Billing, manage escalations, complaints, queries, and recoveries.
• Interaction with Key Stakeholders mainly provide the relevant support to the Trade Sales Team
• Transaction management – proactively manage milestones and ensure applicable trackers/ check lists are adhered to.
• Ensure adherence to agreed Service Level agreements with Stakeholders
• Ensure adherence to agreed Turn Around Times
• Transaction monitoring – proactively manage milestones and ensure applicable trackers/ check lists are adhered to.
• Perform fit for processing checks to ensure the accurate processing of All Fit For Processing Applications received from the Trade Sales Team – ensuring all information meets the required standards for all respective trade transactions, including but not limited to the following checks:
• Know Your Customer (KYC) Checks
• Anti-Money Laundering (AML) Red Flags in accordance with the Trade Based Money Laundering (TBML) & Trade Finance (TF) Standard policy
• Standard / Non Standard Legal wording
• Pricing- Standard and Deviations
• Loan Booking – Ensure technical correctness of each instruction/application for funding and that the necessary approvals to undertake the transaction are obtained prior to booking deals with Treasury
• Ensure the booking system parameters (Limits, SSIs and client profiles) are in order prior to loan requests being honoured
• For FI and Documentary Trade Specific Products
• Document checking and Negotiation- Review trade documentation required in terms of the various products and analyse and interpret content through effective application of International Chamber of Commerce Guidelines, International Standard Banking Practice and other applicable ICC publications (UCP 600, ISBP, URR725, URDG 758)
• Ensure that all information transcribed from an incoming Letter of Credit to an outgoing message (MT710) is accurate, complete and relevant to the transaction at hand. The transaction needs to be fully understood and all potential risks eliminated prior to the sending of the MT710
• Financial modelling – Ensure that all exposures are accurately recorded on the bank systems (FCC, IMEX and GEMs).
• Bank Limits – Maintain bank limits and exposures on the GEMs system ensuring that information is correct for all FI transactions (oversight of daily excess reporting, bank limit reservations, monthly reporting and limit reviews) for Absa including Centre and Credit engagements
• For Open Accounts Products
• Provide Front & Middle office support – participate in implementation as support to the Front & Middle Office.
• System Administration – Ensure Open Account deals are correctly set up and updated on the relevant bank systems (limits, pricing, supplier and client on boarding, documentation)
• Work with and give input to Front & Middle Office on deal structure requirements to ensure new deals are operationally possible.
• Manage and monitor all third party service providers including but not limited to (Collateral Managers, Insurance, Freight Forwarders, Inspection companies, storers and Traders/Agents) with each drawdown and due dates.
• Adherence to the Trade Management Workflow Tool (TMW)
• Have a good understanding of the underlying commodity and country (market) that is being dealt with on each transaction before transaction is implemented and interlocking with the correct stakeholders to close any gaps on this understanding before deal is implemented.
  
  

Education

Higher Diplomas: Business, Commerce and Management Studies (Required)