Trade Finance Specialist

Our client, a prominent international bank, is seeking a diligent and knowledgeable Trade Finance Specialist to join their team in Richards Bay, Kwa Zulu-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.

• 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, counter party 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.

• 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, ISP
  98, 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.

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.