• Login Name       Password       Remember me       LOGIN LOGIN    FORGOT PASSWORD
  • REGISTER

 LOGIN WITH
 
 
 
 
 EMPLOYERS
 
 
 
 
 
 NEWSLETTER
 
 
 
 
 FOLLOW US

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
* 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\n

Preferred 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.
 



 
HOME|
INFO|