Job Description

Empowering Africas tomorrow, togetherone 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.Job Summary To deliver and administer all procedures pertaining to Investment Banking and related Products and services within required SLAs. This includes swift payments on IMEX, managing certain IBD Risk reports, assist IBD from time to time with air releases, discounting, confirmations, import and export Letters of Credit (LC) and Documentary collections.
The role also includes supervising the processing and administration of Investment Banking and related products and services to both internal and external customers, by ensuring adherence to all laid regulations, policies & procedures prior to finalizing transactions.Education and Experience Required

• Grade 12/ NQF Level 4
• Minimum 2 years experience in foreign exchange
• Minimum 1 year exposure to reconciliations function
• 3 years experience in Trade finance/documentary trade (including import and export letters of credit, documentary collections and related products),

Knowledge & Skills: (Maximum of 10)

• Knowledge of International Chamber of Commerce rulings and publications
• UCP 600 Uniform Customs Practices
• ISBP International Standard Banking Practice
• URR 725 Uniform Rules for Reimbursements
• ISP 98 Rules on international stand-by practices,
• URR 528 Uniform rules for bank to bank reimbursement under doc credits,
• URC 522 Uniform rules for documentary collections
• INCO terms 2000 ICC rules for interpretation of trade terms
• Knowledge of regulatory and statutory requirements: FICA, Exchange Control, Sanctions Trade Finance, Money laundering
• Analysis of verbal and numerical data
• Knowledge of banking systems
• Thorough knowledge of Letters of Credit, Foreign Guarantees & Bills for Collection
• Computer literacy

Competencies: (Maximum of 8 competencies)

• Delivering results and meeting customer expectations
• Achieving personal work goals and objectives
• Leading and supervising
• Planning and Organizing
• Adhering to principles and values
• Applying expertise and technology
• Analysing

EducationHigher Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Absa