Manager: Operations (2) (C&B) Apply remote type Hybrid locations Sandton time type Full time posted on Posted 2 Days Ago time left to apply End Date: December 2, 2024 (2 days left to apply) job requisition id R-15969818
Empowering Africa's tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary CIB Structured Commodity Finance (SCF) is currently looking for a Deal Manager to perform the Deal Management function for Structured Trade & Commodity Finance – specifically for the SCF Team which specializes in Agricultural Commodities. This function involves transaction validation, reconciliation, risk monitoring together with ongoing life cycle management. This role will manage the interface front office and all internal infrastructure partners to ensure a smooth client experience during the life cycle of the deal.
Job Description Key Accountabilities CP Management on structured deals - Ensure all Standard and Non Standard CP's are clearly documented and available to view for every transaction. Transaction monitoring - proactively manage milestones and ensure applicable trackers/check lists are adhered to in line with transaction requirements. Perform fit for processing checks - ensuring all information is accurate and meets the required standards for all respective trade transactions. Manage and monitor all third party service providers including but not limited to (Collateral Managers, storers and traders/agents). Client Requests: Drawdowns – preparation of finance calculations in line with product approval, intake of stock/confirmation, execute funding within SLA. Management of limits - Various limits to be managed as per product/credit approval. Front office support – participate in implementation as support to the front office. Control Environment – ensure all deals comply with regulatory and legal requirements. Client focus – where required liaise with clients to resolve queries. Accounting – review of stock, VAT, Debtors, Financial reconciliations. Adhoc reporting – prepare reports and provide relevant information as and when requested by stakeholders. Business Continuity Management – being able to assist and work in any one of the other areas within the SCF department if required. Innovation – continuously investigate new and better ways to enhance the operating environment. Proactively pick up, solution and ensure resolve of risks and issues to the end. Education and Experience Required Bachelor Degree in Commerce/Relevant Diploma with 4-6 years experience in Agricultural Commodities. Considered an advantage: Applicable Global Trade Qualifications Started/Completed. Structured Deal Management experience. Agricultural Trade, Finance and Logistics Management. Knowledge & Skills Strong accounting skills. Acute product knowledge in Structured Trade & Commodity Finance. Understanding of deal flow processes. Understanding of Agricultural Markets and Derivatives. Business acumen/MS office proficiency intermediate level. Performance orientated and client service driven. Good interpersonal and team-working skills. Report writing and presentation skills. Education Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups... About Us Truly African We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
#J-18808-Ljbffr