Unit Head - Trade Operations

Job description / Role

Due Diligence
* Commission and manage the Field Survey process with external 3rd party vendor(s)
* Ensure compliance with the SLA and the applicable external regulatory requirements
* Monitor the performance of the vendor and report back to the stakeholders
* Ensure the quality of the field survey report through regular sampling and review of the reports

Underwriting
* Liaising with Internal and External Counsel and LPM on SCB owned or Seller owned insurance policy to ensure compliance with the Bank's policies and procedures
* Liaising with insurers and import-factors for buyer credit applications as well as limit increases, reductions and cancellations

Monitoring
* Monitoring OAT portfolio on a regular basis
* Coordinating recurring Field Survey for facility renewals and ensuring completion by due date
* Sampling Sellers' sales contracts or similar documentation for clauses on ban on assignment, retention of title, Seller acting as agent, consignment sales, contras
* Sample checking of irregularities vis--vis approved terms of RPA, PPG, CA, insurance / correspondent factor policy
* Proactively manage limit application, activation and utilization to support and drive business growth:
* Monitor and manage the credit approval ratio for each insurer or import factor to ensure optimum allocation of limit application
* Monitor and manage the activation of approved limit with the objective of reducing the time taken to have limits profiled in the system and ready for use
* Monitor and manage insurance limits utilization to ensure clients deliver the minimum value of invoice annual turnover so that buyer limits allocated are profitable otherwise, limits should be culled or reduced.
* Maintaining regular dialogue with TAM / LPM regarding insurance and correspondent factor limits and negotiations
* Monitoring the expiration date of insurance policies for both Bank policy and Seller owned policy and Buyer limits
* Detecting early warning signs of Seller / Buyer accounts and monitoring excesses, past due accounts, industry concentration, Buyer concentration, Seller concentration, country concentration, disputes, unallocated cash, whole turnover, direct payments and reassignments on a portfolio basis
* Initiating remedial action plans and timelines for processes of recovery, notification, claims and follow up with insurers / factors, as required
* Preparing management reports relating to risk / credit trigger monitoring
* Liaising with RM in the event of Seller / Buyer default (No Seller or Buyer contact) as required
* Liaising with Operations and credit insurers to ensure accuracy of overdue reports
* Liaising with Collections team
* Liaising with GSAM on all OAT accounts transferred to GSAM and reporting findings to relevant stakeholders
* Preparing and participating in EAR meeting for OAT and reporting findings to relevant stakeholders
* Ensuring OAT reports and processes are up to date and available for internal review
* Building and maintaining database of key learning practices to apply across the OAT portfolio

Requirements

- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role

- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)

- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

Closing Dates
The closing date for applications is 29/12/2014. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.