Trade Finance Supervisor
full-time•San Francisco
About this role
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.
My Career Development Portal: 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
To ensure that trade finance transactions are processed timely & accurately under proper control. Usage of resources including human resources available is used in an efficient manner.Assist in resolving any complaints/ Incidents
received.
High focus on control on transactions.
Job Description
Trade Processing
• Check and supervise the work of subordinate staff in order to ensure completeness and accuracy.
• Take accountability for monitoring and processing of trade transactions
• Ensure that resources are well allocated in order to ensure a seamless workflow of transactions through the day.
• Verification and authorization of trade transactions
• Ensure that customers are advised that documents received &/ trade transactions have reached maturity and if applicable request their authority to pay
• Ensure data integrity on the bank’s system.
• Ensure approval from the Corporate Managers/Retail RM received before effecting any trade transaction.
• Ensure booking of currencies done and position sheet sent to Treasury
• Ensure outstanding payments advised to Treasury Operations
• Ensure settlement of trade loan effected on due date
• Attend to Bank/Customer queries
• Authorise delivery of documents to customers
• Provide guidance/ advice to customers/relationship managers as regard to Trade Finance products in case of need
• Record and follow up of complaints and ensure prompt resolution
• Abide to Group Policy and maintain a high standard of control within the business
• Comply with SLA in place
• Monitor diary reports and takes appriopriate action for long outsatnding items
• Ensure reportings are done accurately and timeously
• Assist the Trade Finance team leader whenever required.
• Ensure queue monitoring of various trade system for self and team.
Risk Management
• Keep abreast of all operating instructions, standards and procedures
• Initiate remedial actions where loopholes in operations are identified
• Maintain the highest standard of internal controls and operating procedures in line with Group policy
• Ensure compliance with operations standards and Assurance requirements
• Maintain integrity of the database at all times
• Engage in CPA and snap check program
Staff Management
• Responsible for managing subordinate staff activity on a day to day basis and resourcing work flow requirements. Identify appropriate training requirements for self and team, managing personnel development, recommending attachments and monitoring staff development and progress.
• Supervise and motivate staff to create team spirit and ensure quality support and service to clients
• To undertake reviews of staff performance on a quarterly basis
• To assist in putting in place a robust succession plan
• To ensure job rotation to provide job satisfaction and reduce risks of fraud
• To coach staff on Trade Finance products to achieve targets
• To provide feedback to Team Leader
Miscellaneous & Teamwork
• To assist colleagues in the Trade Finance Dept
• To assist and reconcile monthly extracts & reports before submission of returns in a timely manner
Technical skills / Competencies
• Computer Skills ( Word, Excel, PowerPoint, IMEX & TMW)
• A good knowledge of all trade related products and the processing thereof i.e multi-skilled
• Good interpersonal skills
• Influencing and negotiation skills
• Team working
• Proven Planning & Organisational skills
• Problem solving and investigation
• Good analytical skills
• Highly developed coaching skills
Knowledge, Expertise and Experience
• Detailed knowledge of Trade products, such as letters of credits, foreign collections ,short term financing of trade and trade guarantees
• A detailed knowledge of Absa’s policies and procedures related to Foreign Exchange.
• A sound knowledge of risk relating to trade products
• Understanding the components of operational risks in the Trade Finance environment
• Knowledge of International Banking
• Knowledge of International payment system
• Practical experience of current systems and their impact on operations and operational working practices
• Good understanding of the bank’s products and services knowledge of relevant processes and procedures.
• Knowledge of International Chamber of commerce (ICC) Publications
UCP 600 for Documentary credits
Incoterms 2000
International standard Banking practice (ISBP) for Documentary credits
URR 525 for reimbursements from bank to bank under Documentary credits
URC 522 for collections
URDG 458
• Knowledge of relevant legislation e.g. KYC, Money Laundering, sanctions & AML Scan-It sanctioning
• Fully conversant with Swift message Type
• Knowledge of fraud in International Trade
Education
Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)Other facts
Tech stack
Trade Finance,Risk Management,Staff Management,Problem Solving,Analytical Skills,Coaching Skills,Interpersonal Skills,Negotiation Skills,Planning Skills,Organizational Skills,Data Integrity,Customer Service,Compliance,Teamwork,Technical Skills,Trade Products Knowledge
About Absa Group
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
What you'll do
- The Trade Finance Supervisor is responsible for ensuring timely and accurate processing of trade finance transactions while maintaining proper controls. This includes supervising staff, monitoring transactions, and resolving customer queries.
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Frequently Asked Questions
What does a Trade Finance Supervisor do at Absa Group?
As a Trade Finance Supervisor at Absa Group, you will: the Trade Finance Supervisor is responsible for ensuring timely and accurate processing of trade finance transactions while maintaining proper controls. This includes supervising staff, monitoring transactions, and resolving customer queries..
Why join Absa Group as a Trade Finance Supervisor?
Absa Group is a leading Financial Services company.
Is the Trade Finance Supervisor position at Absa Group remote?
The Trade Finance Supervisor position at Absa Group is based in San Francisco, Petén, Guatemala. Contact the company through Clera for specific work arrangement details.
How do I apply for the Trade Finance Supervisor position at Absa Group?
You can apply for the Trade Finance Supervisor position at Absa Group directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Absa Group on their website.