Associate Director, Trade Facilitation & Control Corporate Agency & Trust Operations, UK & Europe
- London, England, United Kingdom
- Permanent, Full time
- Standard Chartered Bank
- 20 Mar 17
Please view Job Description for details.
The role is to manage a team with expanded responsibilities that provide a number of control processes to the departments activities as well as supporting products in the wider Loans Agency and Bond Paying Agency / Escrow product suite This is a new position whose creation reflects the need to support an increasing number of products within the department but also reflects the importance of a very tight control environment and segregation of duties. The successful applicant will be expected to be fully involved in the support of a number of key processes, to be fully involved in the evolving design of new processes and control whilst at all times maintaining an extremely high Team Product Responsibilities include: * Managing the deal build of syndicated loan facility data into ACBS * Loan static data processing * Syndicated Loan Agency covenant processing * Escrow & account bank processing, fee billing and collection * Bond processing * Departmental invoice processing Controls include: * Ensuring the department meets the group requirements for policies including: * Departmental Nostro sundry suspense coordination and escalation * Departmental settlement instruction call backs * Departmental metrics * Credit Approval checking and escalation for exotic currency payments Team Management: The role owner will be the direct manager of the Trade Facilitation & Control team with requirements that include objective setting and review, regular team meetings and one on one meetings, representation of TFC at departmental management meetings and development objective setting.
Key Roles and Responsibilities
Include: * Management of a small team in effectively carrying out its responsibilities * Understanding of key bank policies and procedures that affect the role and ensuring the team are compliant * Responsible for ensuring the team are meeting all departmental operation instruction requirements * Responsible for creating necessary controls for new products or processes to ensure the team processing meets the requirements of the operational risk framework * Ensuring the banks Code of Conduct requirements are met at all times and the team's conduct meets these standards * Ensuring the department's trade processing system ACBS is accurately and timely populated with syndicated loan facility parameters at the Facility Level. * Ensuring changes to deal static data are processed in accordance with departmental procedures * Ensuring escrow/ account banks payments and obligations are handled in accordance with the deal summary document and the underlying legal contract * Ensuring reconciliations are distributed the wider team ever day and on time and collect / escalate in accordance with departmental procedures * CAT invoices are processed in accordance with departmental agreed timeline * Any other corporate trust product is handled in accordance with the requirements of the department * Ensure all covenants financial/other information, stipulated in original loan documentation is received and, if delayed, chased and reported. Once received, distributed promptly to syndicate members. * Work produced/completed is accurate and thorough and meets high quality standards. * Queries are effectively investigated and resolved to the satisfaction of the customer. * Written responses are accurate, clear, concise and despatched within agreed timescales / SLA.Responsible for ongoing development as agreed with your line manager including the completion of mandatory training courses * Plus any other process undertaken in the department and as determined by your line manager
Qualifications and Skills
The role is very varied with both processing and control elements. Acceptable experience would be in the control or loans space * 7 years + in banking * ACBS Loan background preferable * Demonstrable background in a control environment * Experience of reviewing the documentation for banking products * Management experience * Proven ability to engage effectively with senior stakeholders * Must have good attention to detail and excellent verbal and written communication skills. * Knowledge of ACBS preferred * Good general understanding of banking products
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:
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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.
The closing date for applications is 03/04/2017. 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 and 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.