Specialist, Transaction Management Unit

Job Description

Job Details

 

Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possible

Job Purpose



To monitor and manage Transaction Product and Services (TPS) Trade Finance and Structured Finance transactions end to end, through effective planning, organising and execution of day to day workflow and risk mitigation to deliver services to clients within South Africa (SA) and support to countries across Africa Region (AR).

Key Responsibilities/Accountabilities


Client
Manage the end to end operational execution of TPS SA deals and support countries across AR according to the deal specific approval and conditions precedent, structures, Commercial Papers, legal and security agreements, debt solutions term sheet and relevant terms and conditions to deliver client service.
Manage the operational relationship with clients to resolve deal specific queries within agreed service level agreements (SLAs) across Standard Bank Group (SBG). Monitor all deals based on in-depth understanding of the conditions, structures, models and security and escalate issues impacting SLA’s to management.
Product
Manage approval of initial and subsequent deals through engagement with Head of Trade and the Deal Committee and ensure necessary management authorisation to facilitate execution of deals.
Facilitate deal execution and ongoing monitoring of incoming and outgoing transactions and facility conditions within the product mandate and according to SBG standards to ensure correct administration of all approved structured trades, Escrow accounts, Back to backs, flow of assets over liabilities and commodity finance facilities.
Plan operational transaction workflow 1 to 2 years in advance to provide quick turnaround times on transactions and mitigate operational losses. Track important dates and events relating to each deal to monitor cover ratios, assess margins, reset interest rates, validate insurance requirements, provide input into waivers, amendments and renewal of facility structures to meet client requirements.
Risk, Regulatory, Prudential and Compliance
Maintain adherence to compliance standards through strict monitoring and actioning of all internal controls to manage of all risk aspects and achieve a satisfactory audit.
Maintain accurate and complete client information and records of all legal agreements and Commercial Papers. Capture all information related to orders, quotes and other trade data on the Order Audit Trail System (OATS) in accordance with requirements of the Financial Industry Regulatory Authority.
Identify and report fraudulent transactions to ensure compliance and sanctions are adhered to on each transaction within the governance structures and agreements of the country.

Responsibilities + Skills

Product KnowledgeEffective Business CommunicationContinuous process improvementQuality controlsApplications: Microsoft Office SuiteISO9001

Education

International Certificate in BankingOther minimum qualifications, certifications or professional memberships Certificate of Documentary Credit Specialists (CDCS) or similar trade qualification.

Experience

3-4 years: Transactional Products & Services (CIB Operations Fulfilment)-knowledge and experience processing Trade Services transactions including Back to Backs, Open Account Trade Finance, Risk participation, Trade Loans, Exchange Control and Escrow accounts.3-4 years: Operations Business Support- experience and knowledge of Trade Loans, Commodity Finance and the Transaction Management Unit (TMU) process to provide support services to Investment Banking (IB) internal and external stakeholders

Job Summary

  • Published on: Monday, 9th December 2019
  • Designation: Specialist, Transaction Management Unit
  • industry: Finance
  • Vacancy:
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary:
  • Gender:
  • Application Deadline: Monday, 9th December 2019

About the Company

  • Company Name: Standard Bank Group.
  • Address: 9th Floor 011 636 9111/2 SBZAZAJJ Standard Bank Centre 5 Simmonds Street Johannesburg 2001 P O Box 7725
  • Website: https://www.standardbank.co.za
  • Company Profile:
  • To provide design and build decision agents and Credit process requirements for all Personal and Business products across the risk lifecycle for a particular stream (i.e. origination, account management and collections - to be customised per jobholder). This includes the process design of the end-to-end solution and working closely with appropriate Architectures (e.g., IT, Credit, Business, Data, etc.) to formulate sustainable strategic solutions.

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