Trade Finance Specialist

2 days ago


Randburg, Gauteng, South Africa Access Bank Plc Full time

Job Overview:

Access Bank Plc is seeking a highly skilled Trade Finance Specialist to join our team. As a key member of our trade finance department, you will be responsible for developing and maintaining strong relationships with financial institutions to promote and execute trade finance solutions.

Main Responsibilities:

  • Establish and maintain strong relationships with local and international financial institutions, including correspondent banks and non-bank financial entities.
  • Serve as the primary point of contact for financial institution clients, addressing inquiries and providing tailored trade finance solutions.

Beyond Client Relationship Management:

  • Identify and pursue new business opportunities in trade finance to expand the bank's portfolio.
  • Develop and implement strategies to increase market penetration and revenue from financial institution clients.

Product Structuring and Execution:

  • Structure and negotiate trade finance products such as letters of credit, guarantees, and forfaiting arrangements.
  • Collaborate with internal teams to ensure the seamless execution of trade finance transactions.

Risk Management and Compliance:

  • Assess and mitigate risks associated with trade finance activities, ensuring adherence to the bank's risk appetite and regulatory requirements.
  • Stay informed about changes in trade finance regulations and ensure all transactions comply with local and international laws.

Market Analysis and Reporting:

  • Monitor market trends and competitor activities to provide insights and recommendations for product development and pricing strategies.
  • Prepare regular reports on trade finance activities, performance metrics, and market developments.

Requirements:

Academic Knowledge:

  • Bachelor's degree in Finance, International Trade, Business Administration, or a related field.

Work Experience:

  • Minimum of 5 years' experience in trade finance, specifically dealing with financial institutions.
  • In-depth knowledge of trade finance products, services, and regulatory frameworks.
  • Proven track record in client relationship management and business development within the banking sector.

Skills / Specialized Know How:

  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal abilities.
  • Proficiency in trade finance software and Microsoft Office Suite.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • High ethical standards and commitment to compliance.

Competencies:

  • Innovation.
  • Entrepreneurship.
  • Digital Appreciation.

Benefits:

  • Medical Aid.
  • Provident Fund.
  • Group Life Cover.
  • Income Disability Cover.
  • Funeral Cover.
  • Training & Development.


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