Account Officer, Structured Finance recruitment
JOB RESPONSIBILITIES
Transaction management
Analysis Contribution to Structuring
- Based on the understanding of the deal (referring to - among others - contracts, LC applications or any other information he / she would obtain), AO to perform an independent commercial, credit and performance risks analysis of the proposed transaction with reference to the approved credit facilities, customer’s executed security documentation and general guidelines or bank’s procedures (notably Compliance)
- Give comments on the feasibility / practicality of the transactions proposed closely liaising co-ordinating with the following parties (1) RM for credit and performance risk analysis, (2) Head EC Collateral Management HK for collateral analysis, (3) CFOC for technical and documentary risk analysis
- In coordination with these parties and if necessary, contact client for clarification or exploring risk mitigating measures
Transaction Management Process
- In co-ordination with RM to raise appropriate tickets for CU, CV, OT
- Obtain the relevant approvals from front-office and delegated approvers for CU, CV, and delegation holders and to CRI for OT concurrence
- Pass approved transaction ticket to CFOC for processing
- Update position keeping file (Economic Position) with each new deal under the appropriate credit limit, and ensure important events affecting the transaction are timely recorded and followed appropriately
- Regularly contact clients and/or internal parties to monitor ensure the progress of each deal until full repayment
Management monitoring of clients’ positions
Collateral Management
- Manage and monitor transaction collateral throughout the life of the deal, in close cooperation with Client, RM, CFOC, etc.
- Follow-up on collateral conversion cycle and collateral valuation
- Liaise with clients on margins / deposits placement and give placement instruction to CFOC or Cash Remittances. After relevant approvals are obtained, provide release instruction to CFOC or Cash Remittances to perform collateral release.
- Coordinates with CFOC for safekeeping of original collateral titles documents (B/L or warehouse receipt, etc.)
Economic Position Monitoring
- Perform periodic reconciliation between the clients’ economic position and Bank’s ledger
- Update prices and compute mark-to-market of positions (for stock financing, Front to Back or Unsold transactions, etc.)
- Contact client for top up when under-collateralised and simultaneously alert RM.
- Should top up not be received as required by the credit authorization, AO to escalate to Marketing Team Head and Head of EC Collateral Management HK for further action if required
Risk Monitoring
- Alert RM, EC Collateral Management HK for any risk endangering the smooth execution of the deal and its identified source of repayment
- Pre-empt and timely escalate these risks is a key duty in the monitoring process
Contribution to Business Development
Commercial
- Throughout its daily contact with the clients, solicits new transactions within approved available lines
- Assists in relationship follow-up marketing visits whenever possible
Credit
- Whenever requested, contributes to Credit Proposal or adhoc-memo by providing his / her operational feedback on past financed transactions
Other
- Any other assignment by Head of EC Collateral Management on a case by case basis
Permanent Control
- Direct contribution to BNPP operational permanent control framework
- Contribute to the implementation of operational permanent control policies and procedures in day-to-day business activities, such as Control Plan
- Comply with regulatory requirements and internal guidelines
- Contribute to the reporting of all incidents according to the Incident Management System
JOB REQUIREMENTS
- Degree holder
- Minimum 3 years experience gained from Banking industry, preferably with Trade Operation Experience
Interested Applicants please send your resume (in Word format) together with present and expected salary to Carmen Sun:
Tel: (852) 2521-5118 ext.822
Email: carmensun@pplesearch.com
** For more job opportunities, please visit our website: www.pplesearch.com **
May 7, 2012
• Tags: Account Officer, Commercial Banking careers in the Hong Kong SAR, Structured Finance recruitment • Posted in: Financial