Senior Associate - Forfaiting & Receivables Support

Job Title: Senior Associate
Location: London
Department: Forfaiting & Receivables Support
Employment Type: Permanent
Work Pattern: Full-Time

Overview:

• Provide a complete service to the Banks Customers to a high level of administration and service.
• Ensure that transactions allocated are properly implemented independently controlled and diligently monitored.
• Work together with your team clients CTS relationship managers/ marketing/account officers and other departments of the Bank where necessary.
• Familiarise oneself with different products an methods in accordance with policies and procedures.
• To provide a professional and timely response to enquiries received from internal and external customers of the department.

What You Will Be Doing:

Core Receivable duties

• General daily administration duties including purchase of different Trade Finance Products.
• General daily administration duties under Master Receivable Financing Agreements.
• Review facility documentation for understanding and operational feasibility in conjunction with the internal and external stakeholders (as appropriate) and guided by experienced team members covering: -
  • Purchase and Sale contracts (various)
  • Receivable Financing Facilities
  • Committed/Uncommitted Disclosed/Undisclosed
  • Master Risk Participation Agreements
  • Participation Agreements
  • Framework Agreements
  • Discounting Agreementsin accordance with LMA and BAFT standard terms and conditions and if necessary Legal approval.
• Prepare Sales/Participations from point of request from GTDD desk through documentation exchange execution and monitoring (Psuedo Agency role) and be guided by experienced team members.
• Position and create payments in relation to Forfaiting & Receivable Trade Finance Products within currency cut off times.
• Escalation of breaches red flags and other issues including non-performing transactions to your reporting line/Head of Department/Support manager in accordance with documented processes. Any OREs to be reported to your reporting line/Head of Department/Support Manager immediately.

Other

• Familiarise oneself with different Banks systems.
• Accurate records kept on all departmental matters within the Banks systems.
• Daily Nostro and Account Reconciliations are actioned.
• Reports - Daily MI. Customer and Relationship Managers Ad Hoc reports and overdue reports.
• Communicate with and assist internal and external stakeholders.
• Participate in project work and continuous improvement developments for the department.
• Annual review of Policy and Procedures and highlight any process you perform missing from procedures/suggest any ideas of improvements to your line manager.
• Provide information to senior members of the team for audit requests.
• Maintain original documentation register.
• Archiving.
• Ad-Hoc duties as requested by Senior members of the team/Head of Department/ Support Manager.

Candidate Specification:

At all times act with due care skill and diligence to ensure compliance with Bank ABCs risk culture policies and procedures Code of Conduct and Values.

Escalate risk and compliance issues in a timely manner to your line manager and ensure that all mandatory training is completed to schedule.

Participate in exercises to rehearse the banks response to an emergency situation (i.e. evacuation exercises and Business Continuity tests)

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law.

We welcome applications from people with disabilities and are committed to providing reasonable adjustments where necessary to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process require any reasonable adjustments or an application to Access to work please contact the recruitment lead.