Officer, International Trade at Standard Bank Group

JOB DESCRIPTION

• Responsible for the operational take on and due diligence checks for all client requests and documentation received to ensure a state of operational readiness for trade processing, in accordance with international standard banking practice, rules and regulations with a view of avoiding reputational and financial risk for the Standard Bank Group

QUALIFICATIONS

• Matric
• Institute of Banker Certificate, Certified Documentary Credit Specialist (CDCS) and/or Certificate International Trade Finance (CITF)

Experience

• Experience with 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.
• Have knowledge and experience of Trade products (Letters of Credits – Standby/Commercial/Revolving, Open Accounts), Sanctions/compliance.
• Experience with all relevant publications governing Letters of Credit such as International Standard Banking Practice, Uniform Customs 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
• Good knowledge and understanding of Exchange Control, a basic understanding and application of the Exchange Control Rulings to ensure 100% compliance.
• Good knowledge of AML procedural requirements.
• A good knowledge of treasury products and services.
• Sound understanding of OFAC and TRC and its relevance to all products.
• A good understanding of operational risks associated with outward payments. Sound understanding of SWIFT.
• Good knowledge and understanding of UCP600, ISBO, URR725 and UCR522

ADDITIONAL INFORMATION

• Articulating Information
• Checking Details
• Exploring Possibilities
• Following Procedures
• Interacting with People
• Interpreting Data
• Making Decisions