Commodity Trade Finance Transaction Management Associate

Position: Permanent

Salary: Circa £55,000

Location: London

Job ID: JA0412CTF

[vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-user” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619eb5149e4″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-gbp” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef35454666″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-map-marker” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c5ef34854665″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][vc_column width=”1/2″][vc_row_inner][vc_column_inner width=”1/6″][vc_icon icon_fontawesome=”fa fa-hashtag” color=”custom” background_style=”rounded” background_color=”custom” size=”xs” custom_color=”#feea64″ custom_background_color=”#292929″][/vc_column_inner][vc_column_inner width=”5/6″][vc_acf field_group=”1748″ field_from_1748=”field_5c619ef8cc060″ show_label=”yes”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_separator css=”.vc_custom_1549902118595{padding-top: 20px !important;}”][vc_column_text]Our client, one of the world’s leading Commodity Trade Finance banks has a fantastic opportunity for a Commodity Trade Finance Transaction Management Associate to join their busy Middle Office team based in London.

The Main Responsibilities of the Commodity Trade Finance Transaction Management Associate:

  • To provide support in respect of facility, administrative and collateral management activities. This role will focus primarily on transactional secured facilities, borrowing bases and facilities where the bank has a security agent and/or account Bank role.
  • Perform reviews of term sheets, credit applications, facility & security documentation from an operational perspective to ensure workability.
  • Review of client drawdown requests, including the analysis of purchase and sales contracts and security documentation to ensure that transactions are in accordance with the terms of the approved facilities and security categorisation.
  • To ensure that all transactions that are due are processed and that administrative tasks such as renewals of Exceptional Treatments and updates of control tools are performed in a timely manner.
  • Take responsibility for daily liaison with respective stake holders such as clients, relationship and product managers, middle and operational units.
  • To monitor inward communications and prioritise according to the importance of subject matter with an emphasis on client centricity.
  • To assist with training and guidance to staff less experienced in complex commodity finance facilities in order to enhance the team’s product knowledge and ensure that deals are processed within approved parameters.
  • To provide technical and operational assistance to all stakeholders including clients, Relationship Managers, branches and operational units within EMEA.
  • Ensure that reporting obtained from the system correctly reflects the exposure relative to the facilities under the control and management of TMU, and that at the appropriate reconciliation periods the control systems are in parallel with the banks accounting system.

Experience required of the Commodity Trade Finance Transaction Management Associate:

  •  Experience within a financial institution or institution familiar or active Commodity Trade Finance products.
  • Specific experience within a Trade Finance Middle Office / Transaction Management role.
  • Operational knowledge of transactional secured facilities, borrowing bases and security agent & account bank roles essential, together with operational and administrative knowledge of TPA business.
  • Proficient in up-to-date market standards and practices relative to the products administered within TMU (e.g. ISP98, UCP600, e-UCP, URDG, Incoterms)
  • Ability to determine the effectiveness of designated collateral when offered or required as security to the Bank and be familiar with the re-valuation and/or mark to market processes required to determine LTV.

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