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Transaction & Collateral Management Manager, Global Commodities Finance
July 11, 2018
Overview TCM, the middle office supporting Global Commodities Finance is seeking for a new team player in view of the growing business portfolio in particular to Ownership Base Lending ("OBL").
OBL is a specialised commodity trade finance lending structure in which the bank takes for a short period of time, legal and economic ownership of the underlying commodities.
Job Description Front to back execution of mainly OBL transactions and also some bilateral transactions under GCF via close co-operation with Customers, Risk, Relationship Managers and Operations.
Perform the calculations for OBL transactions, review and monitor via liaison with customers / warehouses / brokers and insurance agent on both pricing and logistic arrangement.
Ensure the OBL transactions were within the approved structure
Manage both the hedge and storage of the stocks.
Perform daily checks and reconciliation on the position of OBL transactions. Comparing end of the day P&L with broker statements, highlighting differences and taking necessary corrective action to remediate.
Reporting on the outstanding to internal stakeholder.
For bilateral transactions, to ensure that they fall within the credit parameters specified in the facility.
Raise outstanding documentation and/or transaction exception request for approvals.
Assess the quality and value of collateral provided by the borrower and ensure that this is maintained on an on-going basis within the parameters as approved and at a sufficient value to support the exposure under the facility.
Track the development of the transaction from procurement to sales (i.e. sales contract and/or export L/Cs, in case of ftb)
Perform AML/CFT checks on all the transactions.
Perform mark-to-market valuation of collateral where applicable.
Monitor the development of transactions through communication/information flows internally with GCF-Trade Ops and externally with clients, warehouses, forwarders, brokers and other relevant third parties.
Monitor movement of collateral and control release of goods financed by the bank to third parties such as warehouses, forwarders, shipping companies.
Follow up on transaction exception or excess and the regularisation or rectification of these matters with RMs.
Provide feedback on monitoring possibilities and operational experience of the clients in credit proposals and reviews.
Qualifications Minimally Diploma holder with 5 years of middle office experience in commodities structure trade finance specialised in Repo/Ownership Based Lending transactions.