About this Trade Finance Support role at Absa
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.
My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.
Job Summary
Overall job purposeTo support the execution of Trade Finance operations by delivering in a wide range of activities such as transaction processing, signature verification, validation of documents, data entry and attend to queries from the portal.
Job Description
Key accountabilities
Trade Finance Processing
Effect accurate input for sanctions screening of trade transactions
Signature verification prior to processing activities for Middle Office
To promptly action any requests from the trade portal
Recording bank transactions in systems
Engaging with different departments for pre-authorization transaction before processing in Middle Office
Validate documents to comply with current sanction policy
To schedule currencies and send position sheet to Treasury for processing
To escalate due payments to Treasury operations
Provide an efficient service by attending queries
Raise entries manually at Middle Office level
To effect settlement of loan on due date
To monitor complaints and raise to higher managements as and when required
Compile AML questionnaires according to standards
Effective data management to meet the standards of practice
Adhere to SLA and ABSA banking practice and procedures to ensure compliance
To provide the required documents to the customers
Prepare and send advice (Copy of documentary credit/ amendment to customers)
Running regular reports for tracking and monitoring
Scan and upload of documents on bank's system
Experience and Education
Minimum of 2 years’ relevant banking experience in Trade Finance, with strong knowledge of trade products and documentation.
Degree holder in Finance, Banking, Business Administration, or a related field, with the ability to support and execute trade finance operations efficiently.
Education
