Assistant Vice President - Commodities Transaction Manager - Bank of China (UK) Limited : Job Details

About the role

Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes the Operations Resilience and Operation Control teams which are responsible for overseeing the Bank’s resilience programme and managing user rights for certain systems. The Transaction Management Unit (TMU) provides pre-screening and approval of all trade finance transactions primarily those for the Bank’s commodity clients, plus collateral management, commodity client portfolio management and reporting. As an Assistant Vice President Commodities Transaction Manager, you will be responsible for ensuring that delivery of the Bank’s products and services are effectively and efficiently handled as well as providing post sanction conformance on all Trade Finance facilities as well as ongoing transactional and collateral management. This is a full time permanent position.

Key responsibilities

• Prepare, manage and review process and procedures to ensure an efficient running of a Middle Office; this includes the operational activities that require delivery against the recommendations set out by the Bank and Regulators
• Assist and respond to customers’ daily transaction enquiries
• Provide turnaround for all client requests and ensure they are prepared and processed in accordance with the relevant risk approval and passed over to the processing areas with Operation Services Department in a timely manner
• Contribute to the strategic development of the Bank’s commodity trade finance portfolio
• Prepare and update PID’s for new products and new procedures as and when required
• Work closely with the Relationship Managers and Risk Management Department to ensure all necessary business and risk evaluations are undertaken appropriately
• Represent the Bank professionally at any events or conferences attended
• Ensure compliance with the Bank’s Compliance and Sanction policies and procedures as well as all external regulatory and sanctions regulations
• Deliver accurate MI and detailed reports detailing client’s exposure to product and commodity
• Provide advice and guidance to junior members of the team as well as other members of the department and Relationship Managers as and when required
• Provide coaching, support and challenge when required to deliver positive outcomes
• Assist the department in any other tasks as requested

Requirements

• Degree educated in Business, Finance, Accounting or other equivalent
• Experience within the Financial Services industry and proven track record in similar business stream
• Working knowledge of Anti Money Laundering and Customer Due Diligence
• Good knowledge of syndication loan and bilateral products and processes
• Ability to draft policies and procedures
• Demonstrable planning and organisation skills including resource planning
• People management skills and ability to provide training, develop and mentor
• Proficient in Microsoft Office particularly in the use of MS Excel
• Team player
• Excellent communication skills