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Transaction Manager: Structured Trade and Commodity Finance
Job Ref
247391
Job Type
Permanent
Employer Type
Recruitment Agency
Date Added
23 Oct 2014
Expiry Date 7 Dec 2014
Expiry Date 7 Dec 2014
* There has been 1 application to this job.
* This job has been viewed 981 times.
Employer:
Freesource Placement Group
Location:
Gauteng
Salary:
R450000 - R900000 PA
Benefits:
Typical benefits of a large corporate with attractive performance bonuses
Role details:
- - - - - - - - - - - - - -
A leading bank is seeking to engage services of a dynamic and competent individual for monitoring / management of risk (credit, market and operational) that emanates from the banks bespoke funding solutions in the Structured Trade; Commodity Finance department within Investment Banking.\n\nPreferred Qualification and Experience
• Qualified CA (SA), B Comm Hons, MBA or equivalent tertiary education
• Experience working within a middle office as a transaction manager and / or
• Experience working within a trade services environment gaining exposure to letters of credit, guarantees and cash against documents in a senior management role with extensive exposure to structured transactions.
Knowledge/Technical Skills/Expertise
Completed articles, preferably with banking and or financial service audit clients
Competencies
• Provide input into the structure of all facilities prior to approval
• Alignment of AFF and Legal documentation
• Lodgment of all security documentation and ensure that all security is valued correctly to obtain the necessary capital upon receipt of all original legal documentation
• Ongoing monitoring of facility conditions without any errors
• Recovering of fees as per the legal agreements
• Identify system solutions that will approve the overall efficiency of the team
• No operational losses on deals within the portfolio that could result, should the deal not be properly controlled and monitored.
• Renewal of facilities by clients.
• Alignment and reconciliation of expected ROE to actual ROE
• Ensuring correct capital relief under B2 is recognised.
• Effective management and risk mitigation of deal breaches.
• Maintenance of internal conditions and covenants.
• Agreed upon processes are followed as per the process flow documents signed off between in country and SA teams
• Izing processes across all facilities
Personal Attributes
• Ability to manage, train and develop subordinates
• Excellent verbal and written communications skills
• Analytical
• Good numerical ability
• Self-motivated
• Organised
• Action orientated
• Ability to multi task
• Strong problem solving ability
• Proactive self-starter who will use their own initiative
• Team orientated but able to work independently
• Astute commercially
\n\n
Job Purpose
A leading bank is seeking to engage services of a dynamic and competent individual for monitoring / management of risk (credit, market and operational) that emanates from the banks bespoke funding solutions in the Structured Trade; Commodity Finance department within Investment Banking.
Key Responsibilities/Accountabilities
• Review and sign off of the credit paper to ensure that the proposed structure can be implemented and monitored operationally.
• Prepare deal implementation checklist specifying the credit paper terms and conditions as well as ensuring that the clauses are inserted.
• Update the above throughout the deal implementation process and cross check legal documentation to the credit paper.
• Ensure all accounts are correctly set up in ACBS / ISW / CFC
• Ensure all security documentation is scanned and lodged with the Legal Documentation Manager.
• Ensure security is valued and the necessary relief is obtained under B2 on a monthly basis.
• Ensure that the capital allocated on a deal by deal basis is correct
• Invoice clients and ensure that fees are recovered.
• prepare client statements and provide the necessary accruals where required
• Responsible for ensuring correct and effective administration of all approved Structured Trade and commodity finance facilities.
• Ensure that agreed upon processes are followed as per the agreed process flow document between in country team and South Africa.
• Alignment of Credit paper and Legal documentation
• Ongoing monitoring of facility conditions.
• Liaise with Operations, Credit, Compliance, Finance, Excon and Legal to ensure smooth implementation of the transaction
• Liaise with collateral managers with regard to finalization of agreements, releases, warehouse receipts and conditions on the ground.