Mission
- Assess and manage reputational, fraud, transactional and credit risks in relation to transactions
- Raise early warning signals to mitigate any potential risks
- Ensure quality of service to the client
- Ensure effectiveness of first line controls
- Identify commercial opportunities and originate transactions in the frame of the allocated portfolio
- Assist Relationship Manager to structure credit facilities and related sub-limits
- Assist/Coach Transaction Managers of same group in day to day tasks
- Sign off on clients instruction and give green light to supporting functions in good cooperation with Relationship Management.
Main tasks and responsibilities
The Senior TM reports to the TMO Team Lead and owns a portfolio with complex clients. The Senior TM ensures pair working with Transaction Officer and Transaction Manager. The Senior TM is able to back-up any client of the desk’s portfolio.
The responsibilities assumed are:
Transactions Management:
- Assess and understand risks related to a proposed transaction (credit, operational, compliance, fraud, hedging, freight, transactional liquidation, quality of security)
- Prepare Transaction sheet for presentation to Credit authorities based on documents/information received from the Client/Relationship Manager. Make sure necessary approvals for transactions have been received.
- Collect and check Transaction documents according to credit decision and first line controls
- Prepare and/or collect transactional credit documents (pre-financing agreements, specific pledge agreements, insurance documents, etc…)
- Ensure that transactions comply at any time with conditions set by Credit authorities
- Ensure that all transactions meet ING standards with respect to compliance matters
- Remit Transaction documents for execution to the appropriate support function (Customer Domain Unit, Documentary Credit Department, Back-Office Settlements, Credit administration)
- Sign with Relationship Manager on client’s instructions remitted for execution to supporting functions and 1st visa on electronic payments
- Treasury management (provide loans, deposit, foreign exchanges)
- Intake/release of material pledged
- Obtain adequate approvals on countries and bank exposures for export letter of credit confirmation
- Perform credit and compliance checks on above mentioned tasks
- Follow up on the execution of payments and documentary instructions (L/Cs, …)
- Ensure proper audit trail of documentation and instructions related to transactions
- Collaborate with Relationship Management to structure the credit facility in terms of risk exposures, related modus operandi and validate it.
- Attend to Credit Committee
Client’s position Monitoring:
- Maintain and update an accurate and up to day client position and ensure risks monitoring
- Monitor the client’s margin and the transaction with regard to timely loading of goods, payment of receivables, receipt of contracts and sales instruments
- Monitor price risk exposure and hedging positions
- Raise any risk issues and early warning signals to TMO Team Lead and Relationship Manager
- Report risk exposures when required
Client relationship:
- Discuss with clients any new financing request, in close collaboration with Relationship Management
- Communicate with clients for all above mentioned matters
- Maintain close relationship with clients
- Reply to clients inquiries if within competences (see above)
- Identify commercial opportunities and collaborate with Relationship Management
- Originate transactions in the frame of the allocated portfolio
- Meet with clients
Team:
- Develop/maintain understanding and knowledge of all the desk credit facilities
- Act as back-up for any TM colleagues of the same group
- Assist TM of the same group in their day to day tasks
- Be the first point of contact for the day to day business and communicate with the related departments involved.
Other risk management areas (Compliance, Operational, Anti-fraud):
Maintain the highest possible risk mitigating standards by following the risks related and operational procedures developed by the Bank.
In performing all above listed tasks, the Senior Transaction Manager is responsible and held accountable to ensure that all dealings and transactions are compliant with ING Group policies and Swiss Laws and regulations.
Skills required
- Clients orientation
- Thorough knowledge of products, policies, procedures, and compliance matters
- Good understanding of transactional, reputational and credit risks
- Organisation and planning
- Time Management
- Communication skills
- Able to cope with difficult situations
- Proactivity
- Adaptability
- Entrepreneurship (flexibility, creativity, sense of initiative, self-management )
- Integrity
- Team spirit
- IT skills
- French & English fluent
Professional & educational experience
- University degree, equivalent background, CFC or commercial background
- 4 years of experience in Trade & Commodities Finance
