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Website Nedbank
Job Description:
To manage and lead a team of administrators and allocate and release Export/Import Documentary Collections to ensure that transactions are in accordance with international standard banking practice, rules and regulations with a view of avoiding reputational and financial risk.
Job Responsibilities:
- Manage workflow and the team to ensure all risks are mitigated
- Conduct due diligence and workability checks on the Export/Import Documentary Credit this includes regulatory and compliance checks
- Perform checking of documents presented in accordance with the terms and conditions under the Documentary Credit and subject to International Standard Banking
- Practice (ISBP), ICC Uniform Customs and Practice for Documentary Credits (UCP) 600, International Standby Practice (ISP) 98 rulings where applicable
- Process reimbursement claims/settlements in accordance with Uniform Rules for Reimbursement
- Identify Combatting Terrorist Financing (CTF), Financial Intelligence Centre Act (FICA) and Anti Money Laundering (AML), Sanctioned affected transactions that would require additional approval to determine internal compliance regulations.
- Refer all suspicious transaction as per Suspicious Transaction Reporting (STR)
- Correctly report all transactions to the South African Reserve Bank (SARB) when performing Balance of Payment (BOP) across all functions
- Ensure Service Level Agreement is adhered to provide a high level of customer service
- Adhere to International Standards of Organization (ISO) procedures, working instructions and policies
Job Requirements:
- Matric / Grade 12 / National Senior Certificate
- Advanced Diplomas/National 1st Degrees
- Certified Documentary Credit Specialist (CDCS) or
- Certificate in International Trade Finance (CITF)
- 3 – 4 years Foreign Exchange
- 3 – 4 years experience with all relevant publications governing Documentary Credits such as International Standard Banking Practice, Uniform Customers and Practice for Documentary Credits, International Standby Practices, Uniform Rules for Bank – Bank Reimbursements, International Commercial Terms (Incoterms) and ensure correct application of these rules knowledge and experience of Trade products (Documentary Credits – Standby/Commercial/Revolving, Open Accounts), Sanctions/compliance
- 3 – 4 years experience in spot transactions, forward exchange contracts, options, swaps, foreign currency accounts, Nostro and Vostro accounts, exchange rates, balance of payments, exchange control, Nostro/Vostro reconciliation, SWIFT concepts, trade finance
- Working with clients to solve client problems
- Investigating and reviewing processes to improve client satisfaction
- Communicating job requirements and performance standards to others
- Conducting performance feedback meetings
- Checking performance data to measure employee performance
- Conducting performance appraisal interviews
- Enforcing disciplinary actions against employees
- Assuming a key leadership role
Recruiting and staffing - Managing business risks
Job Details:
Company: Nedbank
Vacancy Type: Full Time
Job Location: Roodepoort
Application Deadline: N/A
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