Senior Trade Finance Specialist

Placements24; Kimberley; Hybrid; CAD 77,000 - 129,000; Full time

Benefits offered by this job

Performance bonuses

Medical aid

Retirement fund

Job summary

Placements24 is seeking a Senior Trade Finance Specialist to oversee a portfolio of cross-border finance transactions from Kimberley. You will structure, document, and execute LCs, guarantees, bonds, and documentary collections while ensuring regulatory compliance and risk management.

The role requires at least 5 years in trade finance, deep knowledge of international trade practices, and strong client relationship skills.

Qualifications

• Bachelor's degree in Finance, International Business, Economics, or related field.
• Minimum 5 years of progressive experience in trade finance, international banking, or related area.
• In-depth knowledge of UCP 600, ISBP, Incoterms, and other international trade practices.
• Proven experience in structuring and executing various trade finance instruments.
• Strong understanding of international trade regulations, sanctions, and AML/KYC requirements.
• Excellent analytical, problem-solving, and negotiation skills.
• Strong interpersonal and client relationship management skills.
• Proficiency in trade finance software and MS Office Suite.
• Relevant professional certifications (e.g., CDCS, CITF) are a significant advantage.
• Ability to work effectively in a team and manage multiple transactions concurrently.

Responsibilities

• Manage and execute a portfolio of trade finance transactions, ensuring accuracy and compliance with all relevant regulations.
• Advise clients on the optimal use of trade finance products to mitigate risks and optimize cash flow.
• Structure and document complex trade finance instruments, such as LCs, Guarantees, Bonds, and Documentary Collections.
• Conduct thorough due diligence and risk assessments for all trade finance applications.
• Monitor market trends and regulatory changes impacting international trade finance.
• Develop and maintain strong relationships with clients, correspondent banks, and internal stakeholders.
• Identify opportunities to expand the bank's trade finance business and cross-sell other banking products.
• Ensure compliance with AML and KYC regulations.
• Mentor and provide guidance to junior trade finance team members.

Skills

Analytical skills

Problem-solving

Negotiation

Client relationship management

Education

Bachelor's degree in Finance, International Business, Economics

Tools

Trade finance software

MS Office Suite

Job description

About the Role

Our client, a leading commercial bank with a strong presence in Kimberley, Northern Cape , is seeking a highly knowledgeable and experienced Senior Trade Finance Specialist . This role is essential for managing and growing the bank's trade finance operations, providing expert advice and support to clients engaged in international trade. You will be responsible for the structuring, documentation, and execution of complex trade finance transactions, including letters of credit, documentary collections, and supply chain finance solutions. The ideal candidate possesses a deep understanding of international trade regulations, financial instruments, and risk management. Join our dynamic team in Kimberley and play a crucial role in facilitating commerce for businesses in the Northern Cape and beyond.

Key Responsibilities

• Manage and execute a portfolio of trade finance transactions, ensuring accuracy and compliance with all relevant regulations.
• Advise clients on the optimal use of trade finance products to mitigate risks and optimize cash flow.
• Structure and document complex trade finance instruments, such as LCs, Guarantees, Bonds, and Documentary Collections.
• Conduct thorough due diligence and risk assessments for all trade finance applications.
• Monitor market trends and regulatory changes impacting international trade finance.
• Develop and maintain strong relationships with clients, correspondent banks, and internal stakeholders.
• Identify opportunities to expand the bank's trade finance business and cross-sell other banking products.
• Ensure compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
• Mentor and provide guidance to junior trade finance team members.

Requirements

• Bachelor's degree in Finance, International Business, Economics, or a related field.
• Minimum of 5 years of progressive experience in trade finance, international banking, or a related area.
• In-depth knowledge of UCP 600, ISBP, Incoterms, and other international trade practices.
• Proven experience in structuring and executing various trade finance instruments.
• Strong understanding of international trade regulations, sanctions, and AML/KYC requirements.
• Excellent analytical, problem-solving, and negotiation skills.
• Strong interpersonal and client relationship management skills.
• Proficiency in trade finance software and MS Office Suite.
• Relevant professional certifications (e.g., CDCS, CITF) are a significant advantage.
• Ability to work effectively in a team and manage multiple transactions concurrently.

Benefits

• Our client offers a competitive salary, performance-related bonuses, and a comprehensive benefits package including medical aid and a retirement fund. This hybrid role, based in Kimberley , provides a flexible working model. Employees benefit from continuous professional development opportunities and a supportive work environment within the banking sector of the Northern Cape .