Manager, Commodity Transaction Management Unit

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Manager, Commodity Transaction Management Unit

manager · Risk & Compliance

Job Summary

Credit Monitoring – responsible for monitoring of the credit portfolio
• Manage a portfolio of commodity finance facilities protecting the Bank’s exposure to risk through the constant monitoring of credit facilities and physical collateral 
• Jointly responsible (with Front Office and TB) for a good relationship with the Bank’s customers and intermediaries / counter-parties, maintaining and building relationships.
• Approval of and ongoing monitoring of transactions to ensure they remain within approved parameters.
• Managing 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.
• Ensuring the physical safekeeping of title documents and administering the safe custody of these documents.
• Regular liaison with financial / trading contacts of our clients and intermediaries / counter-parties such as collateral management companies / TSOs / forwarders / insurance companies etc.
• Providing timely and proper release instructions and information updates to relevant counter parties and stakeholders
• Pre-deal execution support to Front Office and internal stakeholders.
• Along with the Country Head, shared responsibilities for design, implementation & documentation of new processes & procedures aligned to internal requirements as well as any registry/ approved body requirements. 
• Shared responsibilities for MIS reporting for Country Head and the team.
• Take part in system development discussions & UAT testing for system upgrade/releases.

Key Responsibilities

•  Check that transactions fall within agreed parameters as approved/recommended by Credit Committees.
• Show credit risks in a timely manner by reacting to facility excesses and collateral shortfalls.
• Ensure that proper notification to local/Head Office (SCO/RCO) risk management of deviations and deterioration if the Bank’s credit risk position takes place.
• Provide account/risk management with advice as to credit and collateral monitoring possibilities within proposed/approved credit structure.
• Ensure timely receipt of required non-standard security documentation and confirm proper execution of same in conformity with local guidelines/policies or after consultation with risk management or internal/external legal counsel.
• Responsible for providing periodic information (daily, weekly, monthly as applicable) by reporting on the following issues:
• Client liability & Collateral position reports to Relationship Management, local and Head office Risk Management (SCO/RCO) as well as to clients.
• Excess/shortfalls/irregularities/deviations from approved facility parameters.
• Non-receipt of insurance policies as well as other required documents/ information.
• Ensure timely response to stakeholder enquiries and assist with audit enquires.
• Jointly responsible for a good relationship with the Bank’s customers and intermediaries/counter-parties.
• Ensure jointly with Account Manager/ Front Office, where possible good utilisation of the facility.
• Maintain good relationship with traffic/financial/trading contracts of our clients and intermediaries/counter- parties such as warehouses/surveyors/TSOs/insurance companies etc.
• Provide timely and proper release instructions to warehouses and information updates to relevant parties such as insurance companies etc.
• Support the implementation of the target operating model for CTMU in the region.
• Identify process efficiencies and streamline such requirements to provide better client service and risk management.
• Support increasing the profile of the CTMU function with internal and external stakeholders.
• Achieve an active dialogue with RCO/ SCO in discussing risk issues and on-going development of the portfolio
• Regular contact with stakeholders to ensure understanding of business requirements; the markets in general and increase CTMU profile.
• Contribute to the achievement of maximum team productivity and overall division’s productivity goals
• Streamline processes and ensure continue adherence to risk monitoring standard.
• Lead through example; engage in peer-to-peer leadership
• Provide effective orientation/ guidance to new joiners on the bank’s policies/ procedures/ processes to ensure their successful assimilation into the team and the bank.
• Develop and implement a personal learning plan with team manager, to attain necessary competencies.
• Successfully complete milestones as laid out in implemented personal learning plan.
• Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role remit.
• Comply with applicable Money Laundering Prevention Procedures and report any suspicious activity to the operational risk team and Line Manager.

Our Ideal Candidate

• Candidate should based in UAE only.
• Individual Contributor.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

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