Bonds, Guarantees - Johannesburg, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Johannesburg, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Bring your possibility to life Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

In this role you will supervise the effective execution, processing and delivery of the BGI team's responsibilities pertaining to the processing of transactions for external clients ensuring adherence to all applicable regulations, processes and procedures.

Ensure delivery of a world class service to customers according to agreed service standards and the customer value proposition as well as collaborate with relevant stakeholders e.g Legal and Transactional Administration.

Job Description:

Some of you key accountabilities will include;

Taking ownership of BGI Products, responding to all client and internal stakeholder queries and driving the issuance of the requested Guarantee within the required turnaround times.
Performing checks to determine referrals required.
Verifying and authorising all transactions processed by the team members to ensure that the required standards of BGIs are adhered to.
Ensuring technical correctness of each client instruction for Local and Foreign Guarantees when processing, this includes:
Confirmation of completeness of client instructions
Perform quality check on BGI ensuring accuracy and completeness
Maintaining a good understanding of all governance applicable to the BGI Centre (FICA, SOX, Exchange Control, Trade Sanctions Screening Policy, Money Laundering, UCP600, INCO terms 2000, International Standard Banking Practice, ICC official rules for interpretation of trade terms and Internal/External audits) by keeping abreast of current and future policies on the Absa Intranet.
Complying with and ensure compliance to prescribed policies, processes and procedures to prevent any financial losses, when capturing transactions. This will include validation against mandates, waiver of commissions and International Standard Banking Practise Rules.
Fully understanding and adhering to the product Customer Value Proposition (CVP), ensure delivery of a world class service to all customers.
Ensuring adherence to standards for tracking of productivity and turnaround times by updating workflow consistently for all handovers and all other critical points in the process that are used to measure overall end to end turnaround time for processing of BGI products.

Education

Higher Diplomas:
Business, Commerce and Management Studies (required)