Job Description

Job Details Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possibleJob PurposeTo 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/AccountabilitiesClientManage 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.ProductManage 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 (which standards) 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.

Responsibilities + Skills

Experience Description: 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 stakeholdersTotal number of years experience2 years

Education

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.

Experience

Experience required 1Job Function: Transactional Products & ServicesJob Family: CIB Operations FulfilmentYears: 1-2 years

Job Summary

  • Published on: Monday, 17th August 2020
  • Designation: Specialist
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Monday, 17th August 2020

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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