Overview
Main Purpose:
– Understanding Trade Life Cycle – work closely with key departments across the organization, including Accounting, Trade Finance, Operations, and Deal Desk (amongst others) to understand, analyze, and document processes throughout the trade life cycle
– Exposure Mapping & Exposure Reporting – Understand from the departments, how data is being entered into the sources system – at what frequency etc and how can this data be extracted to independently report credit exposures
– Reconciliation of Credit Exposure – Once data is extracted work with other departments to under & reconcile the exposures reported by them too.
– Credit Administration: Help in reporting related activities to Senior Management, to be defined at a later stage
Knowledge, Skills and Abilities
– Experience: 4-6 years experience of process mapping, with knowledge of Credit & Operational Risk
– Qualification: MBA / CFA / FRM
– Mature individual with an ability to assimilate lots of information, think clearly and make presentations in a clear and concise manner; Reliable and thorough, detail-oriented; hard working and flexible; responsible, confident and effective communicator; Able to work independently and curios in asking for more details
– Ability to draw up text and process know how, into process maps to report to management
– Ability to create process documents for processes followed for various reporting task.
– Advanced knowledge of Excel and Word/Outlook competent
– Excellent English verbal and written communication
Key Responsibilities:
Trade Life Cycle Understanding:
– Develop a comprehensive understanding of the entire trade life cycle for physical commodities from deal initiation to settlement, including trade capture, documentation, confirmation, clearing, settlement, and payment.
– Map out the flow of data and processes across various departments to identify potential bottlenecks and inefficiencies in trade execution and credit exposure tracking.
Cross-Departmental Collaboration:
– Engage with departments such as Accounting, Trade Finance, Operations, and Deal Desk to gather a deep understanding of their processes and how they interact with the trade life cycle.
Credit Exposure Management:
– Work closely with the Risk and Trade Finance teams to understand how credit exposures are created and tracked throughout the trade life cycle.
– Ensure that all relevant trade data is captured accurately, including positions, counterparties, pricing, payment terms, and other relevant variables that impact credit exposure.
Reconciliation & Reporting:
– Perform regular reconciliations between different departments (e.g., Accounting, Risk, Operations) to ensure consistency in the reporting of credit exposures and trade details.
– Investigate discrepancies, resolve issues, and escalate matters when necessary to ensure accurate and timely reporting.
Key Relationships
– Global Credit team, Head of Operation Risk Management, Other internal departments (accounts, treasury, trade finance, operations etc)