Nedbank Recruitment – Team Leader: Trade and Guarantees

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

Apply Here