Trade Authoriser at Nedbank

Job Family

Administration, Operations and Facilities

Career Stream

Administration, Transactional Processing and Production

Leadership Pipeline

Manage Self: Technical

Job Purpose

To provide quality and accurate business administrative support services to internal and external stakeholders enabling Nedbank to achieve its business goals.

Responsible for the end to end authorising of Export/Import Documentary Credit to ensure that transactions are in accordance with international standard banking practice, rules and regulations with a view of avoiding reputational and financial risk.

Job Responsibilities

• Conduct due diligence and workability checks on the Export/Import Documentary Credit this includes regulatory and compliance checks

• Perform checking of documents presented in accordance with the terms and conditions under the Documentary Credit and subject to International Standard Banking Practice (ISBP), ICC Uniform Customs and Practice for Documentary Credits (UCP) 600, International Standby Practice (ISP) 98 rulings where applicable

• Process reimbursement claims/settlements in accordance with Uniform Rules for Reimbursement

• Identify Combatting Terrorist Financing (CTF), Financial Intelligence Centre Act (FICA) and Anti Money Laundering (AML), Sanctioned affected transactions that would require additional approval to determine internal compliance regulations.

• Refer all suspicious transaction as per Suspicious Transaction Reporting (STR)

• Correctly report all transactions to the South African Reserve Bank (SARB) when performing Balance of Payment (BOP) across all functions

• Ensure Service Level Agreement is adhered to provide a high level of customer service

• Adhere to International Standards of Organization (ISO) procedures, working instructions and policies

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

Relevant qualification relating to International Trade Finance

Essential Certification(s)

• Certified Documentary Credit Specialist (CDCS) or

• Certificate in International Trade Finance (CITF) 

Minimum Experience Level

• Minimum of 3 - 4 years experience in Foreign Exchange Processing

• Minimum of 3 - 4 years experience in Trade products and Sanctions/Compliance

Type of Exposure

• Completing various administrative duties (e.g. answering phones; making copies; filing)

• Managing conflict situations

• Comparing two or more sets of information

• Communicating internally

• Tracking cost against a budget

• Capturing data

• Checking accuracy of reports and records

• Drafting reports

• Managing customer expectations

Technical / Professional Knowledge

• Administrative procedures and systems

• Banking knowledge

• Banking procedures

• Business terms and definitions

• Data analysis

• Relevant regulatory knowledge

• Business writing skills

• Product Knowledge

• Relevant system knowledge

• Governance, risk and controls

Behavioural Competencies

• Communication

• Collaborating

• Customer Focus

• Initiating Action

• Work Standards

• Managing Work