Our client, a leading player in the corporate banking industry, is seeking a TMU Specialist to join their team. If you have a passion for trade finance, operational execution, and risk mitigation, this could be the perfect opportunity for you!
Job Description:
To ensure all specialist trade deals meet transactional requirements aligned to the product specific frameworks/standards, and monitor the trade life cycle to ensure contractual obligations are met and risk is managed.
Key Responsibilities:
- Assist the Trade Finance Transaction Manager with operational execution and management of TPS group-originated trade finance deals.
- Prepare and analyze Management Information Systems (MIS) reports, identifying trends and income discrepancies.
- Ensure that revenue and premiums are recovered and penalties for partial or late payments are processed accurately.
- Conduct daily reconciliations of cash cover, collateral, call, and margin accounts.
- Monitor compliance with internal controls and ensure adherence to legal agreements, CP documents, and risk protocols.
- Coordinate the operationalization and drawdown of transactions, ensuring deals are in line with approval conditions.
- Foster and manage relationships with both internal and external stakeholders, addressing queries and providing operational support.
Qualifications:
- Minimum: CDCS or similar Trade qualification.
- Preferred: BComm or equivalent tertiary-level education.
Experience Required:
- 3-4 years’ experience in Corporate Banking, with expertise in Trade Services (including Risk Participation, Trade Loans, Exchange Control, and Escrow Accounts).
- 3-4 years’ experience in Investment Banking Operations, with specific knowledge of TMU, Trade Loans, and Commodity Finance.
Behavioral Competencies:
- Team Working: Collaborate effectively across teams and business units.
- Analysing Solutions: Identify and solve problems efficiently and independently.
- Embracing Change: Adapt to fast-paced and changing environments, managing stress effectively.
Technical Competencies:
- Product Knowledge: Expertise in Risk Participation, Back-to-Backs, Open Account Trade Finance, and Escrow Services.
- Effective Business Communication: Mastery in communicating ideas clearly and concisely to different audiences.
- Continuous Process Improvement: Ability to review and improve processes continuously to optimize performance.
- Controls: Ability to design and implement controls to mitigate risks.
- Microsoft Office Suite: Advanced proficiency in Word, Excel, PowerPoint, and Outlook.
Leadership Competencies:
- Growing Capability: Identify training needs and support development efforts.
- Holding People Accountable: Ensure internal stakeholders adhere to processes, escalating issues as necessary.
