Tuesday, February 3, 2015

Team Leader Trade Operations

by Unknown | at 3:29 PM

Department:

People & Change Ghana

Job type:

Permanent

Closing date:

06-Feb-15

Location:

Accra

Reference Number:

130-PEO00355

The Company

Be part of a company that offers you a career, not just a job. With a wide range of employment options and business areas to choose from, you are bound to find a perfect fit.
We share accountability with our employees and provide you with the best possible opportunities to learn and grow. We are breaking new ground with our innovative thinking and challenging our employees to think differently and develop into the thought leaders of the future. The foundation of our success is in our entrepreneurial culture and the belief that our people are our single most important resource.
If you share our values of being:
Helpful
Effective
Ethical
Innovative
Accountable
and you have one simple goal: to improve the lives of customers through simple, effective solutions that meet their needs, contact us today and join a winning team.

Roles & Responsibilities

Review work for conformance to established policies and procedures. Processing of documents and ensuring completeness, accuracy and timeliness. Effectively coordinates activities, plans and directs flow of work for the team Maintains current information on import-export tariffs, licenses and restrictions. Gives direction and assists team with resolving problems. Specific roles include;

Develop speed and efficiency in relation to inputting, checking and verification of customer foreign transfers.
Month end balancing of G/L Accounts and trade related products.
Plan ahead to meet deadlines and ensure that trade officials meet their deadlines pertaining to the daily duties.
Ensuring that all queries and processing are up to date in conjunction with the duties of the trade official.
Providing direction, development training plans and act as a point of reference to the clerks in the team.
To analyse an export letter of credit and to identify potential risk areas for both the bank and the client
To advise export letters of credit and/or amendments to clients advising them of potential risk areas
Structuring of Import Letters of Credit in terms of the Sales Contract.
To ensure that the correct procedures are followed regarding noting and protesting and to interpret, understand and act in terms of the FBC schedule.
To establish and/or amend Import Letters of Credit
Compliance with all applicable procedures, rules, laws and regulations
To check documents in terms of UCP 500 , UCP600 , ISBP and URR 525/ URR725 with 100% accuracy and to identify valid discrepancies
To communicate clearly and explain transactions coherently to both internal and external clients
Authorising/ Verifying of payments and settlements under export & import letters of credit, foreign bills for collection and reimbursement authorisations
Meeting specific performance targets and team targets
Identification of cross-selling opportunities and the successful conclusion of these transactions e.g. refinancing, discount, insurance etc.
Formulation of innovative solutions to problems
Identify and implement new processes to maximise efficiencies
Authorising/ Verifying of all Forex transactions ( Inward and outward TT, Drafts , Foreign Cheques , Travellers Cheques, Foreign Notes, CFC accounts and clean collections)
Monitoring and controlling of client queries daily.
Issuing of local and foreign guarantees in terms of URDG.
Balancing and Controlling on a daily basis of Suspense & office accounts pertinent to area of responsibility
Create and monitor Balance Score Cards for all Trade Staff
Knowledge and understanding of basic foreign exchange, exchange control, advance aspects (liabilities and exposure), mandates, SWIFT formats, MIS reports, Nostro and Vostro accounts etc.
Thorough understanding of country and bank risk
Thorough understanding of the INCOTERMS and the implications and responsibilities for all parties
Thorough understanding of the impact of documents surrendered and avals on liability and exposure.
Thorough working knowledge of the bills of exchange legal impact on noting and protesting.
Draw up Training and development plans for the team members
Identify cross-sell opportunities
Create and monitor the Balance scorecards for all staff.

Requirements

Relevant 3 year degree or diploma, 5 years Forex-Advanced Forex Experience.
Experience with processing of the following products Letters of Credits, Foreign Bills for Collection, Foreign and Local Guarantees, Inward/Outward Payments, Travellers Cheques, Foreign Notes, Foreign Cheques , CFC accounts and drafts.
Knowledge and understanding of basic foreign exchange, exchange control, advance aspects (liabilities and exposure), mandates, SWIFT formats, MIS reports, etc.
Thorough understanding of country and bank risk
Working knowledge of cash cover and undertakings, the passing of entries and the impact on country and bank exposure.
Ability to identify Structured Trade Transactions and refer these transactions to the correct department.
Working knowledge of all applicable systems (e.g. Quartz , e-Tradeline, Hogan, SWIFT and PC skills)
Good MS Office (Excel, Word, Powerpoint) user skills.
Thorough understanding of the impact of documents surrendered and avals on liability and exposure.
Thorough working knowledge of the bills of exchange legal impact on noting and protesting.
Thorough understanding of the INCOTERMS and the implications and responsibilities for all parties
Analysis and Attention to Detail
Problem Solving
Verbal and Written Communication (inc. Listen..
Business Insight and Risk Awareness
Mathematical Acumen
Customer Service Orientation
Excellence / Quality Orientation
Rule Orientation
Planning and Organising