Trade Officer -Kwazulu Natal

Description

Foreign Documentary Transactions

Letters of Credit Import

• Review and process Import LC applications.
• Ensure accuracy and completeness in collaboration with the FX Operation team.
• Vet applications and ensure compliance with international banking standards.
• Engage with clients regarding discrepancies and obtain written acceptance before rate confirmation.
• Submit instructions for finalization of transactions, including clearing charges where applicable.

Bills for Collection Import

• Process and review import trade checklists.
• Collaborate with Advance Tech Support to ensure compliance.
• Verify documentation and coordinate exchange rate confirmation.
• Finalize transactions based on client payment instructions.

Foreign Non-Documentary Transactions

Outward Telegraphic Transfers Import

• Process Payment Requests and Proforma/Commercial Invoices.
• Verify transaction accuracy and compliance.
• Submit exchange rate confirmations and finalize transactions.

Administration of Trade Finance Advances

Foreign Payments Documentary & Non-documentary

• Review payment requests and ensure compliance with policies and Shariah principles.
• Prepare and approve applications for processing.
• Coordinate with clients regarding Offer to Purchase.

Local Payments

• Process and vet local payment requests.
• Ensure transactions align with Shariah requirements and banking policies.
• Facilitate SWIFT payments and maintain compliance documentation.

Not Finalized Trade Advances

• Maintain regular contact with clients regarding shipment status.
• Ensure timely receipt and vetting of Offer to Purchase documents.
• Oversee transaction finalization.

General Administration & Client Support

Client Support

• Address customer complaints and inquiries promptly.
• Ensure timely execution of trade processes.

Internal Divisions

• Assist internal departments with trade finance queries.
• Compile audit files and provide feedback on compliance audits.

Department Operations

• Ensure transaction verifications comply with Shariah requirements.
• Provide back-office support for staff coverage within the division.

Requirements

QUALIFICATIONS

• A diploma or recognised certificate in International Trade would be an advantage

PREFERRED EXPERIENCE

• A minimum of 2-5 years of general banking experience, accounting & international trade finance

KNOWLEDGE

• An in-depth understanding of all the principles of Shariah in respect of Trade finance for local and international payments.
• Banking System.
• Microsoft Office.
• Banks policies and procedures.