Manager Trade/FEC/CFC at Nedbank

Job Purpose
To lead and manage the unit/s by ensuring relevant processes are administered and meet business requirements.

Job Responsibilities

• Manage and control the usage of Customer Foreign Currency accounts to ensure compliance with the SARB Rules and regulations
• Ensure all transactions comply with the SARB Currency and Exchanges Manual for Authorised Dealers.
• Manage and control Import and Export Letters of Credit in line with the UCP600 2007, ISBP and that reimbursements are subject to ICC URR725 latest version
• Minimise operational costs by managing cost effectively within budget.
• Reduce revenue leakage by optimising revenue collection processes.
• Obtain and provide feedback by meeting with internal and external stakeholders.
• Create a culture of continuous improvement by identifying opportunities and/or implementing enhancements to processes, procedures and/or systems.
• Optimise productivity by implementing capacity management principles.
• Manage performance of staff
• Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

Preferred Qualification

• Advanced Diplomas/National 1st Degrees

Type of Exposure

• Implementing a strategic plan
• Working with clients to solve client problems
• Investigating and reviewing processes to improve client satisfaction
• Conducting root cause analysis
• Analysing situations or data that requires an in depth evaluation of multiple factors
• Developing ways to minimize risks
• Managing conflict situations
• Identifying trends
• Conducting gap analysis
• Providing expert advice/opinion

Minimum Experience Level

• 4 - 6 Years’ Supervisory experience in a foreign exchange CFC accounts, Forward Exchange Contracts and Trade transactions relating to Import and Export Letters of Credit and Foreign Bills for Collection Inward and Outwards.

Technical / Professional Knowledge

• Banking knowledge
• Business Acumen
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Principles of financial management
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Decision-making process

Behavioural Competencies

• Building Partnerships
• Earning Trust
• Coaching
• Collaborating
• Decision Making
• Work Standards
• Leadership Disposition
• Planning and Organizing