Ref: HP048-380 Job Description
Reporting directly to the Head of Collateral Management. Main responsibilities are the daily administration and independent control of required collateral that arises out of transactional financing for commodity customers. The incumbent handles the flow of negotiable instruments, title documents or securities and coordinates with Customers, Relationship Managers, Credit Officers and other Operating Units to ensure sufficient collateral coverage before usage of facilities.
Along with Sales team, participate/engage in structuring of a deal and ensure to cover all points from CMT perspective .
Check the BCA and to determine whether the structure is fine from CMT perspective & conditions mentioned can be controlled and to raise concern then & there.
Be familiar with ORMA process and able to preceive the risks associated with process /transaction and adress those promptly.
Engage/participate actively in drafting /preparing CMA/SMA by liasing with WB- Legal , Collateral Managers , TB sales and ensure that all conditions are captured in the document as per the structure of the deal.
To ensure that Insurance is adequate and fulfill the requirements of the Bank .
Conduct Mark to Market as directed in credit terms.
Reconcile physical stock record received from CMC's with banks' record .
Responsibility for overseeing the monitoring and reconciliation of the daily position of the required collateral, including daily updates of mark to market valuations of commodity prices. Overseeing the maintenance and the tracking of the value of the underlying goods financed and making margin call to customers as required.
All requests for transactional utilization such as loans, LCs, SBLCs, guarantees as well as all payments from current accounts must be pre-approved and checked against credit approvals and deviations/excesses/shortfalls highlighted as applicable for further approval.
On an ongoing basis, this person also ensures the physical safekeeping of all title documents and security and administers the safe custody of these documents.
* Within the scope of this position, this person also oversees the handling of regular activities of secured financing under Borrowing Base requirements. Each Borrowing Base must be detailed and monitored to ensure specific requirements are met by the Customer pursuant to the Credit Agreement.
KEY RESPONSIBILITIES
* Credit monitoring: responsible for monitoring of the credit portfolio.
* Along with Sales team, participate/engage in structuring of a deal and ensure to cover all points from CMT perspective .
* Check the BCA and to determine whether the structure is fine from CMT perspective & conditions mentioned can be controlled and to raise concern then & there.
* Be familiar with ORMA process and able to preceive the risks associated with process /transaction and address those promptly.
* Engage/participate actively in drafting /preparing CMA/SMA by liasing with WB- Legal , Collateral Managers , TB sales and ensure that all conditions are captured in the document as per the structure of the deal.
* To ensure that Insurance is adequate and fulfill the requirements of the Bank.
* Conduct Mark to Market as directed in credit terms.
* Reconcile physical stock record received from CMC's with banks' record
* Manage a significant portfolio of facilities protecting the Bank's exposure to risk through the constant monitoring of credit facilities and valuation of collateral.
* Jointly responsible for a good relationship with the Bank's customers and intermediaries / counter-parties, maintaining and building client relationships and ensuring good utilization of the facility.
* Approval of and ongoing monitoring of transactions to ensure they remain within agreed credit parameters as approved / recommended by RCO/SCO.
* Showing credit risks in a timely manner by reacting to facility excesses and collateral shortfalls.
* Ensuring that proper notification to (risk) management of deviations and deterioration in the Bank's
credit risk position takes place.
* Regular liaison with traffic / financial / trading contacts of our clients and intermediaries /
counter-parties such as warehouses / surveyors / forwarders / insurance companies etc.
* Providing timely and proper release instructions to warehouses / forwarders and information updates
to relevant counter parties such as insurance companies etc.
Other activities :
To Ensure that all control reports as under ( not exhaustive in nature ) are checked/initialed and action taken /filed .:
Collateral Shortfall Report
CMR Report
Check and sign the LTP reconciliation report of UAE and PAK accounts
Price expiry and Price adjustment.
Monthly highlights of the department to be collated and sent
Liase with other departments and collate the highlights of all before circulation
Diary Function - monitor and check daily for completion
WHR - Customerwise physical check - monthly
To ensure encryption of mails sent outside - physical check in CMT mail box under misc file,
weekly stock report, RO
Monitor LODR in TD and Cocoa
Insurance expiry report to be checked
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Closing Dates
The closing date for applications is 29/05/2014. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group's business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions. |