Job Description

Main Responsibilities of the Trade Finance Administrator are:

• Process all aspects of advising New LC’s including seeking FI approval, checking workability of LC’s and ensuring required SLA’s are met.
• Process amendments as required.
• Ensures that documents under letters of credit are first checked so that a response can be given within agreed turnaround times.
• Ensures that any discrepancies in the documents presented are referred to the customer beneficiary presenting bank within 3 working days or sooner if required.
• Effects payments acceptances under letters of credit and deals with the disposal of the documents.
• Effects payments under letter of credit reimbursement authorities.
• Responds promptly to all payment related queries and enquiries
• Processing Import L C’s and Documentary Collections, (Export Import).
• Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these.
• Accurately execute all controls within own area to minimise risk of policy, procedure, and or regulatory breaches.
• Act as the “First Line of Defence”.
• Responsible for the accurate execution of Financial Crime Prevention controls in accordance with the Bank’s and Departmental policies and procedures.

The successful Trade Finance Administrator will have:

• Strong working knowledge of UCP, ISBP, URR andURC.
• Full processing experience of Documentary Credit’s (import and export)

Required Knowledge, Skills, and Abilities