Job Description

Job Details

 

Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose



Responsible for the accurate end to end processing of Trade Finance (Back to Back Letters of Credit, Transferable Letters of Credit, Trade Loans, Open Account Trade Finance) transactions in accordance with the international standard banking practices, rules with the view of avoiding reputational and financial risk for the Standard Bank group.

Key Responsibilities/Accountabilities


Advising, Issuing and Amending all Back to Back and Transferable letters of credits
Receive and examine the workability of the incoming Letter of credit of a Back to Back and /or transferrable transaction which includes regulatory and compliance checks
Assess the request for confirmation on the Back to Back and /or transferrable transaction and submit request to the relevant area for bank and country risk approval
Communicate the rate from Bank Sector Ops team to the customer
Perform a due diligence task on the pro forma invoice received together with Application form to determine the workability on the Import Letter credit of the Back to Back Letter of credit.
Prepare drafts where requested and obtain necessary approvals from client and Sales
Expunge exposures for Back to Back clients on source system
Create, control and update a reconciliation spreadsheet to manage the downstream exposures of all activities of the Back to Back and/or transferable letter of credit transaction.

Responsibilities + Skills

Assist Transaction Management Unit (TMU), Sales with operational requirements on Back to Back, Transferable Letter of Credit, Back to Back Guarantees and Supply chain functionsEnsure Service Level Agreement is adhered to provide a high level of customer serviceAdhere to International Standards of Organization (ISO) procedures, working instructions and policies

Education

Proactively keeping all internal and external clients and stakeholders informedProvide excellent customer service through error-free processing in order to ensure that Customer Survey Index targets are achieved

Experience

Minimum qualification: Certified Documentary Credit Specialist (CDCS),Minimum qualification: Certificate in International Trade Finance (CITF),Preferred qualification: Senior CertificatePreferred qualification: Bachelors Degree

Job Summary

  • Published on: Monday, 9th December 2019
  • Designation: Officer, Trade Finance
  • industry: Finance
  • Vacancy: 1
  • Employment Status: No Preference
  • Job Location: Johannesburg
  • Salary:
  • Gender:
  • Application Deadline: Monday, 9th December 2019

About the Company

  • Company Name: Standard Bank Group.
  • Address: 9th Floor 011 636 9111/2 SBZAZAJJ Standard Bank Centre 5 Simmonds Street Johannesburg 2001 P O Box 7725
  • Website: https://www.standardbank.co.za
  • Company Profile:
  • To provide design and build decision agents and Credit process requirements for all Personal and Business products across the risk lifecycle for a particular stream (i.e. origination, account management and collections - to be customised per jobholder). This includes the process design of the end-to-end solution and working closely with appropriate Architectures (e.g., IT, Credit, Business, Data, etc.) to formulate sustainable strategic solutions.

Simillar Jobs

+ Browse All Jobs

More From 'Finance'

+ Browse All Jobs