Mission
1. Assess and manage reputational, transactional and credit risks in relation to transactions
2. Raise early warning signals to mitigate any potential risks
3. Ensure quality of service to the client
4. Ensure effectiveness of first line controls
5. Identify commercial opportunities and originate transactions in the frame of the allocated portfolio
6. Assist Relationship Manager to structure credit facilities and related sub-limits
7. Assist/Coach Transaction Managers of same group in day to day tasks
8. 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:
9. Assess and understand risks related to a proposed transaction (credit, operational, compliance, fraud, hedging, freight, transactional liquidation, quality of security)
10. 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.
11. Collect and check Transaction documents according to credit decision and first line controls
12. Prepare and/or collect transactional credit documents (pre-financing agreements, specific pledge agreements, insurance documents, etc…)
13. Ensure that transactions comply at any time with conditions set by Credit authorities
14. Ensure that all transactions meet ING standards with respect to compliance matters
15. Remit Transaction documents for execution to the appropriate support function (Customer Domain Unit, Documentary Credit Department, Back-Office Settlements, Credit administration)
16. Sign with Relationship Manager on client’s instructions remitted for execution to supporting functions and 1st visa on electronic payments
17. Treasury management (provide loans, deposit, foreign exchanges)
18. Intake/release of material pledged
19. Obtain adequate approvals on countries and bank exposures for export letter of credit confirmation
20. Perform credit and compliance checks on above mentioned tasks
21. Follow up on the execution of payments and documentary instructions (L/Cs, …)
22. Ensure proper audit trail of documentation and instructions related to transactions
23. Collaborate with Relationship Management to structure the credit facility in terms of risk exposures, related modus operandi and validate it.
24. Attend to Credit Committee
Client’s position Monitoring:
25. Maintain and update an accurate and up to day client position and ensure risks monitoring
26. Monitor the client’s margin and the transaction with regard to timely loading of goods, payment of receivables, receipt of contracts and sales instruments
27. Monitor price risk exposure and hedging positions
28. Raise any risk issues and early warning signals to TMO Team Lead and Relationship Manager
29. Report risk exposures when required
Client relationship:
30. Discuss with clients any new financing request, in close collaboration with Relationship Management
31. Communicate with clients for all above mentioned matters
32. Maintain close relationship with clients
33. Reply to clients inquiries if within competences (see above)
34. Identify commercial opportunities and collaborate with Relationship Management
35. Originate transactions in the frame of the allocated portfolio
36. Meet with clients
Team:
37. Develop/maintain understanding and knowledge of all the desk credit facilities
38. Act as back-up for any TM colleagues of the same group
39. Assist TM of the same group in their day to day tasks
40. 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.
Internal and external communication lines
Internal:
41. Transaction Managers, TMO Team Lead, Relationship Managers, Risks, Compliance, Legal, Customer Domain Unit, BO Settlements, Documentary Credit, ADCR, Alert Handlers and Human Resources;
42. ING Group
External:
43. Clients, Brokers, Warehouses, Shipping Lines
Skills required
44. Clients orientation
45. Thorough knowledge of products, policies, procedures, and compliance matters
46. Good understanding of transactional, reputational and credit risks
47. Organisation and planning
48. Time Management
49. Communication skills
50. Able to cope with difficult situations
51. Proactivity
52. Adaptability
53. Entrepreneurship (flexibility, creativity, sense of initiative, self-management )
54. Integrity
55. Team spirit
56. IT skills
57. French & English fluent
Professional & educational experience
58. University degree, equivalent background, CFC or commercial background
59. 4 years of experience in Trade & Commodities Finance