Standard Bank Careers – Manager

Job Description:

Accountable for the operational performance of the Trade department through the provision of operational team management and leadership oversight in accordance with international standard banking practice, rules and regulations with a view of avoiding reputational and financial risk for the Standard Bank Group.

Job Responsibilities:

• Contain controllable costs within the department and maintain expenses within budget and report over-expenditure.
• Scrutinize income statement received from finance and interrogate each line item and raise disputes with finance and ensure correct postings on the cost centre.
• Attend all stakeholder engagement forums and provide and receive necessary feedback
• Review SLAs and escalation matrix aligned with business requirements.
• Build and maintain relationships with internal stakeholders and provide internal and external stakeholder education on operational requirements.
• Adhere to Regulatory Rules and directives.
• Raise awareness amongst staff to identify Combatting Terrorist Financing (CTF), Financial Intelligence Centre Act (FICA) and Anti Money Laundering (AML),
• Sanctioned affected transactions that would require additional approval to determine internal compliance regulations.
• Create awareness and refer all suspicious transaction as per Suspicious Transaction Reporting (STR).
• The control environment is monitored and measured to achieve operational excellence.
• Reporting of production issues and follow the escalation matrix where required inclusive of system issues.
• Ensure that staff have all relevant equipment (laptops, desktops, printers, stationery etc.) to fulfil their job and approve access to all relevant system applications.
• Develop the departments business continuity plan and identifying critical staff and processes in the event of a disaster or exercise.
• Effective operational control within the department.
• Verify mini-audits conducted by Team Leaders and perform spot checks on files.
• Monitor revenue recovery within the team and ensure long outstanding items are escalated.
• Identify the skills gap for Team Leaders and staff and ensure that the competency matrix is updated on the agreed frequency and implement a training plan.
• Monitor and track Team Leader performance and ensure they deliver against set goals.

Qualification & Experience:

• Bachelors’ / Honours’ degree or equivalent tertiary level qualification
  Certified Documentary Credit Specialist (CDCS) and/or Certificate in International Trade Finance (CITF) and /or Certificate for Specialists in Demand Guarantees (CSDG)
• Maintain ISO accreditation
• More than 10 years’ experience with spot transactions, forward exchange contracts, options, swaps, foreign currency accounts, Nostro and Vostro accounts, exchange rates, balance of payments, exchange control, reconciliation, SWIFT concepts, trade finance, have knowledge and experience of all trade products, Customer
• Relationship Management (CRM), Sanctions/compliance.
• Experience with Risk Control Self Assessments, Key Risk Indicators, identifying incidents, performing root cause analysis, risk controls.
• People management including ,conflict management, coaching and mentoring staff, driving reward and recognition in the team and ensuring appropriate disciplinary action taken where required.

Job Details:

Company: Standard Bank

Vacancy Type:  Full Time

Job Location: Johannesburg Metropolitan Area, SA

Application Deadline: N/A

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