Trade Finance Specialist

Our client, a well established banking institution is looking for a Trade Finance Specialist who wants to be part of a visionary team committed to excellence and innovation.

Role Overview

As a Trade Finance Specialist, you will operate efficiently the section in line with established procedures and trade regulations while overseeing the processing of trade transactions with a view to satisfy internal and external customers. 

Focus Areas

Main Responsibilities

• Manage efficiently resources for optimum cost maximisation.
• Ensure all Trade Finance activities are carried out in compliance with Policies, Rules, and Regulations.
• Import and Export financing & establishment of Letters of Credit and other related trade instruments.
• Issuance of Bank Guarantees locally and outside Mauritius.
• Examine and execute documentary credits request.
• Maintain liaison with Treasury/ Lines of business for optimal Service Delivery.
• Enhance Customer experience by maintaining agreed Service Levels.
• Process varied and complex Trade documents, including but not limited to checking Export and Import bills and handling transferable letter of credit applications, amendment applications and transfers.
• Handling Standby Letter of Credit and guarantees in accordance with policies.
• Check and authorize all Trade Finance transactions that are processed by subordinates, ensuring all approval in place.
• Monitor closely the day-to-day activity of subordinates in respect of routine trade finance transactions.
• Ensure daily nostro reconciliation of trade/ remittance related entries.
• Engage in Trade related projects and other operational improvement initiatives.
• Participate in bank/corporate customer meetings on an as needed basis.
• Handling enquiries from both internal and external Stakeholders.
• Accurate and timely reports for senior Management.
• Diarise import and export acceptance bills.
• Send Tracers for overdue/unpaid import and export bills.
• Correct booking of currencies and position sheet sent to Treasury.
• Any other matters related to trade finance as may be assigned by the Trade Finance manager.

Risk & Compliance Perspective

• Abide to AML/CFT and Sanction policies.

• Bank level performance with respect to AML and Regulatory compliance and performance with respect to AML and Regulatory compliance (input from compliance).

Projects & Initiatives

• Keep abreast of changes in systems, procedures, products, and services and enforce continuous knowledge transfer and sharing to keep team members up to date, enhance efficiency and improve service levels. 

Essential Educational and / or Training Qualifications & Certificates:

• Degree in Banking/Finance/Accounting or any related field.
• Master’s degree would be an advantage.
• Trade Certification CITF, CDCS or CSDG.

Preferred Experience and Knowledge:

• At least 10 years working experience within Trade Finance (specialization in Trade Product).

Necessary Technical / Functional Skills:

• Sound Import and Export trade related knowledge and experience.
• Sound knowledge of Inwards/Outwards Remittances processes.
• Experience in handling applications and submissions including letters of credit, Transferable documentary credit, standby letter of Credit and other specialized documentary credit.
• Experience in handling bank guarantees locally and outside Mauritius.
• Experience in document checking and documentary credit opening.
• Solid command of both written and verbal English.
• Detail conscious approach with the ability to work effectively and independently.
• Knowledge of ICC rules (UCP600, URC522, ISBP, URDG758, ISP98, Incoterms).
• Exposure to Regulatory reporting pertaining to Trade Finance.
• Proven experience in handling /coaching teams.
• Prior experience to successfully driving initiatives/projects.
• Knowledge in Finacle Banking system will be an advantage.
• Good Interpersonal skills, Problem solving and Investigations.
• Good analytical skills. 

If you are ready to make a difference, we want to hear from you.

Proactive reserves the right: 

• To call only the shortlisted candidates for interview. 
• Not to make any appointment following this advertisement nor to assign any reason whatsoever for accepting or rejecting any candidate.