Reporting to the Managing Director, Trade Finance & Correspondent Banking, this role involves overseeing origination, structuring, processing, execution and monitoring of trade finance transactions and activities of the Financial Institutions and Correspondent Banking Department in the Trade Finance and Correspondent Banking division (TFCB).
The role is intended to support the Bank in achieving its mission of “stimulating a consistent expansion of and diversification of African trade to rapidly increase Africa’s share of global trade while operating as a first-class, profit-oriented, socially responsible financial institution and a centre of excellence in African trade matters” by finding and developing opportunities for business development in Trade Finance, Corporate Finance and Investment Banking across all member states and participating states as well as lead the efforts in executing various trade finance initiatives in Financial Institutions & Correspondent Banking Department of the TFCB Division.
This Department focuses on generating both funded and fee income for the Division.
The incumbent will be tasked with achieving the revenue targets, non-financial objectives and initiatives outlined in the Bank’s budget for the Department.
Minimum Qualification:
- Post graduate degrees in Business Administration, Banking or Finance or any other relevant discipline from a recognized University
- A professional qualification in Banking or International Trade Finance will be an advantage
- Ability to communicate and function in a culturally diverse and change oriented setting and therefore knowledge of the workings of the main segments of the trade finance market and the participants in major regions of Africa
- Must understand international trade and trade finance rules, including International Chamber of Commerce Rules of international trade (UCP, URDG, etc.)
- Ability to meet senior officials of banks, corporates and governments and win their confidence that the specialist’s products will meet the needs of these parties
- Excellent verbal and written communication skills in English. Knowledge of the Bank’s other working languages is an added advantage (French, Arabic and Portuguese)
- Proven experience in marketing trade and project finance products. The candidate must demonstrate experience and knowledge of designing and selling structured trade and commodity finance products
- Willingness to travel extensively and to work long hours where required in order to achieve the Bank’s objectives; and
- Demonstrate leadership capabilities, including ability to organize and manage human resources to attain goals.
- Must have passion for Africa and the drive and courage to deliver on challenging objectives
- Demonstrate organizational capabilities, including ability to manage workload with limited supervision to attain goals
- Being able to multitask, proactive and able to use initiative appropriately
Years & Nature of Experience:
- Experience of at least 12 years with a leading organisation and familiarity with the major trade finance products to be offered to clients especially syndication, co-financing, club deals, correspondent banking products including letters of credit, factoring, forfaiting, structured trade finance, corporate finance risk participations, project-related financing and considerable knowledge of how these work
Main Responsibilities:
