Ibd Capturer

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.Job Summary

CIB IBD operations is looking for a capturer to deliver and administer all procedures pertaining to Structured Commodity Finance and IBD Products (Debt and Agency) and services within required SLAs. This includes swift payments, and processing of Trade Instruments. Managing various Risk reports.

**Job Description**:
Key Accountabilities - Accountability: Capturing Transactions (30%)
- Prepare and verify all information to ensure that the required standards of,
- import and export Letters of Credit, Documentary collections and related transactions
- are adhered to prior to submission for processing.
- Ensure technical correctness of each client instruction including:

- confirmation of completeness of client’s instruction
- validating or obtaining an exchange rate where necessary
- obtain and capture the correct Balance of Payments (BOP) category.
- check that signatories have been validated
- check indemnities where applicable
- Where documents are compliant, advise the overseas bank / client accordingly as per
- Absa policies and ICC rulings.
- Action payment instructions accordingly.
- Ensure adherence to quality standards to avoid risks to the Bank through effective &
- efficient submission of transactions.
- Adhere to service level agreements by ensuring timely processing
- Draw Day End listings and action accordingly to ensure that all work received is
- actioned on the same day.
- Review and monitor all office suspense accounts to ensure that there is a debit for
- every credit within 48 hours and that the reconciliation has a nil balance.
- File each document pertaining to transactions according to the set criteria within the
- department for ease of reference.
- Ensure the effective filing, archiving & retrieval of documentation is in line with Absa
- Read Absa and departmental circulars on a daily basis and, where necessary, clarify the
- contents of these with Team Leader to ensure understanding and implementation.
- Instruct and follow up Client On Boarding and the Trade Solutions Specialist on the
- need to create banks’ and customer portfolios.
- Compile and clear reconciliations of accounts by passing entries over the relevant
- accounts to correct entries when required.
- Action Day End procedures to mitigate risk.

Accountability: Releasing Transactions (30%)
- Processing and administration Structured Trade Finance and services (guarantees, air releases, Letters of Credit and Documentary Collections).
- Verify information to ensure that the required standards are adhered to prior to releasing transactions.
- Ensure all team transactions are finalised and released by timely tracking and actioning of transactions on system queues.
- Verify and authorise all transactions processed by officials to ensure that the required standards of guarantees, air releases, import and export Letters of Credit, Documentary Collections and related transactions are adhered to.
- Ensure technical correctness of each client’s instruction before verifying or authorising, including;
- confirmation of completeness of client’s instruction
- validating or obtaining an exchange rate where necessary
- ensuring exchange control is authorised. If an Exchange Control Application
- reply is obtained, adhered to and filed with the transaction
- check that the correct Balance of Payment category has been captured - check
- that signatories have been validated
- check that credit has been authorised
- validate completion in accordance with the relevant ICC (International
- Chamber of Commerce) rulings and Absa policies and procedures. If the above
- is not in place, obtain the information from the relevant stakeholders to
- ensure compliance before processing.
- Verify and release trade documentation (including documents of title) against relevant SWIFT to ensure compliance in terms of the relevant ICC ruling.
- Uniform rules for demand guarantees applied to guarantees bond and other payment undertakings
- International Standard Banking Practice
- Uniform customs & practice for doc credits (UCP 600)
- Rules on international standby practices (ISP 98)
- Uniform rules for bank to bank reimbursement under documentary credits
- Uniform rules for documentary collections (URC 522)
- ICC official rules for interpretation of trade terms (INCO terms 2000)
- Ensure that instructions/transactions received are authenticated, and completed within turnaround times by reviewing all transactions processed in the team before releasing.
- Ensure adherence to defined quality standards and standard processes to avoid risks to the bank through effective and efficient verifying, releasing a