Trade Releaser at Absa

Role Purpose:

An exciting opportunity exists within CIB Transactional Banking for a Trade Releaser. Use your Trade Finance knowledge to supervise the processing and administration of International Banking documentary related products and services to both internal and external customers, by ensuring adherence to all laid regulations, policies & procedures prior to finalizing transactions. In this role, you will be required to:

• Supervise the processing and administration of International Banking products and services (guarantees, air releases, Letters of Credit and Documentary Collections)
• Track the systematic allocation of work to team members and adjust the workload when there are capability gaps or absence issues to ensure smooth and timely workflow.
• Monitor adherence to filing policies and procedures, and compliance to archiving and retrieval mechanisms that are in place for documentation.
• Check that the correct balance of payment (BOP) reporting for exchange control purposes is done
• Identify losses due to processing errors or internal fraud in the department.
• Escalate to the manager and provide all the required information to allow logging of the Risk and Loss events, and participate in the investigations.

Education and Experience Required

• Grade 12/ NQF Level 4
• NQF Level 5 qualification in Banking
• Diploma in Treasury Management and International Banking
• 3 years’ experience in Trade Finance / Documentary Trade