Manager Trade Finance – MOT – New York – Permanent recruitment
Market Operations and Technology (MOT) provides technology and market operations to Macquarie's businesses.
Market Operations and Technology provides essential and professional support across all areas of Macquarie. MOT is comprised of three divisions whose core functions include Market Operations, Technology and Central Business Management. These functions work together to provide a seamless multi-disciplinary support infrastructure tailored to business requirements.
With over 3,000 staff in 30 countries, MOT maintains a global presence in support of all regions. MOT in the Americas employs over 350 people in the Americas.
The Market Operations Division of MOD is looking to appoint a Manager in the trade Finance team. This team is responsible for providing support to the Structured Commodity Finance business and its clients.
Responsibilities will include:
- Executing and issuing client valuations based on collateral positions
- Booking physical collateral positions
- Reconciliation of collateral and physical positions
- Initiation of movements across client call accounts held with the bank
- Issuing new and amended Letters of Credit
- Preparing and issuing confirmations for physical commodity transactions
- Maintaining the delivery and receipt of physical certificates of collateral
- Collating and reconciling customer borrowing base reporting
- Liaising with different areas of the bank. i.e Front Office, Legal, Credit , ITG and various other MOD departments
- Managing daily customer exposures and limits
- Implementing current market practice procedures
- Monitoring and arranging daily term funding needs
- Establishing new customer set up and system testing
To be successful in this role the candidate should have / be:
- Previous experience in dealing with loan administration and collateral management
- At least 4 years experience in Financial products settlements
- Experience in preparing commodity based trade confirmations
- Ability to develop strong customer relationships
- Exposure across a broad range of commodity products, Agriculture, Energy and Metals
- eCops and Egrain experience
- Experience working in a busy team environment
- Demonstrate leadership ability
- Strong problem solving skills with the ability to prioritise tasks while maintaining a high level of attention to detail and a low tolerance for error
- Ability to initiate and incorporate updated procedures
- Ability to work under pressure
- Highly motivated, professional and possess a strong attention to detail
- Excellent communication skills - written, verbal and direct contact
- Strong Microsoft Excel and Word experience
Macquarie is an equal opportunity employer (M/F/D/V).