Trade Finance Specialist

Placements24; Richards Bay; On-site; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Medical aid

Retirement planning

Professional development

International exposure

Job summary

Placements24 is seeking a Trade Finance Specialist for a prominent international bank in Richards Bay, KwaZulu-Natal. You will manage letters of credit, documentary collections, guarantees, and other instruments, ensuring compliance with UCP 600, ISBP, and URC 522 while advising clients on trade finance solutions.

You will work with clients and banks to structure and process transactions, assess risk, and monitor regulatory changes, contributing to efficient global trading activities in the

Qualifications

• Bachelor's degree in Finance, International Business, Economics, or related field.
• 3+ years of experience in trade finance operations or related banking role.
• Strong knowledge of international trade regulations and instruments (LCs, guarantees, collections).
• Familiarity with UCP 600, eUCP, ISP98, URC 522.

Responsibilities

• Process and manage trade finance instruments (LCs, standby LCs, documentary collections, guarantees).
• Verify compliance of trade finance documentation with laws and international standards (UCP 600, ISBP).
• Assess and mitigate risks in trade finance transactions (country, counterparty, fraud).
• Liaise with clients, banks, and stakeholders to facilitate transactions.
• Provide expert advice on trade finance solutions and structuring deals.
• Monitor regulatory changes impacting international trade finance.
• Ensure accurate processing of fees and charges related to trade finance operations.
• Contribute to continuous improvement of trade finance processes and systems.

Skills

Excellent communication skills

Attention to detail

Interpersonal skills

Risk management understanding

Banking software proficiency

Education

Bachelor's degree in Finance, International Business, Economics, or related field

Tools

Banking software systems

Job description

About the Role

Our client, a prominent international bank, is seeking a diligent and knowledgeable Trade Finance Specialist to join their team in Richards Bay, KwaZulu-Natal . This role is integral to facilitating global trade operations, managing complex trade finance transactions, and providing expert advice to clients engaged in import and export activities. You will be responsible for ensuring the smooth execution of letters of credit, documentary collections, guarantees, and other trade finance instruments, while adhering to international regulations and mitigating associated risks. This is an excellent opportunity for a professional with a strong background in international trade and finance to contribute to a vital sector of the economy and support businesses involved in global commerce.

Key Responsibilities

• Process and manage various trade finance instruments, including letters of credit (LCs), standby LCs, documentary collections, and bank guarantees.
• Verify and ensure compliance of all trade finance documentation with applicable laws, regulations, and international standards (e.g., UCP 600, ISBP).
• Assess and mitigate risks associated with trade finance transactions, including country risk, counterparty risk, and fraud risk.
• Liaise with clients, correspondent banks, and other stakeholders to facilitate the smooth execution of trade transactions.
• Provide expert advice and support to clients on trade finance solutions, structuring complex deals to meet their specific needs.
• Monitor market developments and regulatory changes impacting international trade finance.
• Ensure accurate and timely processing of fees and charges related to trade finance operations.
• Contribute to the continuous improvement of trade finance processes and systems.

Requirements

• Bachelor's degree in Finance, International Business, Economics, or a related field.
• Minimum of 3 years of experience in trade finance operations or a related banking role.
• Strong understanding of international trade regulations, payment methods, and financial instruments (e.g., LCs, guarantees, collections).
• Knowledge of relevant international rules and guidelines such as UCP 600, eUCP, ISP98, and URC 522.
• Proficiency in using banking software systems for trade finance processing.
• Excellent attention to detail, accuracy, and organizational skills.
• Strong communication and interpersonal skills, with the ability to interact effectively with clients and international partners.
• Familiarity with risk management principles within trade finance.

Benefits

Our client offers a competitive salary, comprehensive benefits including medical aid and retirement planning, and opportunities for professional development and international exposure. This role provides a stable career path within the global trade sector of the Banking & Finance industry, contributing directly to the facilitation of commerce in Richards Bay and beyond. You will work within a supportive team environment and gain valuable experience in international financial operations.