Trade Finance Support

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.

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 purpose

To 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 elevate 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