Trade Finance Operations Manager – Process Improvement (Contract
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Job Type | Contract |
Area | City, UK |
Sector | Banking |
Salary | £50k-£60k, pro rata |
Currency | GBP |
Start Date | |
Job Ref | VAC-12592 |
Job Views | 122 |
- Description
- City-based international bank is seeking to recruit a Trade Finance Operations Manager to join them on an 8-month fixed term contract. The purpose of this role will be to work on a process improvement piece for Trade Finance Operations and supporting the operations transition. Applicants should demonstrate a strong knowledge forfaiting and receivables finance.
What you will be doing:
-
Forfaiting & Receivables:
- Review completion of all transaction documentation received to ensure that transactions purchased are suitable for onward sale
- Provide guidance to the team and technical assistance where necessary
- Manage and oversee complex transactions including structuring of Facility Agreements and Master Risk Participations Agreements
- Check receivables drawdown requests
- Ensure accurate records are kept
- Check rate fixing and calculations for discounts/ drawdowns / rollovers etc.
- Check nostro reconciliations to ensure outstanding items for Forfaiting and Receivables are actioned
- Assisting and supporting with process improvement for Letter of Credits, Guarantees, Commodities, Forfaiting & Receivables Team.
- Supporting the implementation of new systems within the team, creating functional specifications for new systems and processes
- Reviewing operating policies and procedures, ensuring the team are providing a high level of administration and service to customers
- Liaising closely with team members, clients, relationship managers / marketing / account officers, and other departments of the Bank where necessary
- Providing support to the paperless project
- Cooperating with audit requests
Requirements for the role:
- Experience managing and motivating a high-performing team within Trade Finance Operations
- Deep knowledge of Trade Finance products – in particular Forfaiting and Receivables Finance
- Knowledge of operational policies and procedures with the ability to provide timely solutions to problems
- Familiarity with UCP, Geneva Convention and Bill of Exchange Act.
This vacancy is being advertised by Montpellier Resourcing Limited. The services advertised by Montpellier Resourcing Limited are those of an Employment Agency. -
Forfaiting & Receivables: