The role focuses on managing CTF operational risk for transactional financing by ensuring rigorous and effective controls are in place to enable transactions to be tracked through their life cycle and the resulting exposures and collateral to be monitored.
Main Responsibilities:
Using the Triquesta system monitor CTF transactional secured financing exposures and related collateral values and tenors to ensure sufficient collateral is always in place to satisfy the requirements of Citibank policies and procedures.
Act as a first point of contact for client's transaction requests.
Act as an intermediary between the processing units & compliance teams for sanctions, compliance, money laundering and anti fraud related issues.
Act as a single point of contact to stakeholders on document scrutiny and discrepant management for the clients assigned.
Escalate issues for quicker resolution.
Ensure strong focus on Risk and Control in transaction processing in terms of having appropriate customer documentation, accurate discrepancy notices are sent out and proactive identification of refusals.
Track the life cycle of CTF transactions, including the issuance, confirmation and reimbursement of import and export letters of credit
Help structure, coordinate, and provide technical assistance for complex CTF transactions and associated documentation, liaising between clients, internal and external legal counsel, Citibank branches and relevant Transactors, client Relationship Managers and Product teams to ensure workability for all parties and adherence to Citibank policies and procedures
Maintain clear and concise position reports per customer detailing transactional financing exposures and status of outstanding transactions ensuring that facility utilisation requests from clients fall within the agreed credit parameters.
Report accurate positions for transactional financing per obligor and client group to the relevant CTF Transactors adhering to Citibank's risk management policies and procedures
Obtain prior product and risk management approval for any transactions that fall outside the agreed facility parameters
Provide operational support for undisclosed payment guarantees (UPGs) and AR transactions.
Accompany CTF Transactors on client visits if requested
Development Value:
Exposure to different aspects of international trade, including new products and more complex structures relevant to CTF
Direct contact with external Citibank clients
Exposure to senior management across functions
Knowledge/Experience:
Knowledge of international Commodity Trade Finance operations, including the issuance, confirmation, advising, negotiation and reimbursement of import and export letters of credit, guarantees, UPGs and the use of letters of indemnity
Strong operating knowledge of ICC UCP600 and ISP98 guidelines, Trade incoterms and market codes of conduct
Experience in monitoring physical collateral under secured facilities.
Knowledge of Citibank's approach to risk management and audit
Skills:
Excellent client services skills
Organisational and co-ordination skills
Good oral and written communication skills
Competencies:
Confidence, self-motivation, enthusiasm, and initiative
Ability to manage the complexities of international trade operations in a multi-party transactional environment
Ability to work with people from different backgrounds in a team environment
Ability to forge strong relationships with demanding front office partners
Ability to work in team environment
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Job Family Group: Operations - Transaction Services -------------------------------------------------
Time Type: Full time ------------------------------------------------------
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