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Senior Manager - Trade Finance

1.00 to 10.00 Years   United Arab Emirates   10 Aug, 2022
Al Futtaim Group
1 Jobs Openings
Job LocationUnited Arab Emirates
EducationNot Mentioned
SalaryNot Mentioned
IndustryAccounting
Functional AreaNot Mentioned

Job Description

Senior Manager - Trade Finance | Global Treasury Center | DubaiJOB PURPOSETo establish internal capabilities and run a team in charge of managing trade finance transactions across and on behalf of the Al-Futtaim Group entities in the UAE, GCC, Singapore, Malaysia and Hong Kong, (including other geographies as and when required) in compliance with treasury policies and procedures. The role is division agnostic, meaning that all activities will be performed on behalf of all the Al-Futtaim Group entities.KEY ACCOUNTABILITIESTrade Finance strategy and operations:

  • Provide input into Trade Finance strategy and polices.
  • Actively Review business cash flows to determine Group and country level Trade Finance requirements.
  • Oversee all aspects of Trade Finance transactions (Letter of Guarantees, Letter of Credits, Working Capital Short Term Loans, etc.) on behalf of the divisions, in accordance with DOA
  • Coordinate closely with Treasury Back Office Tower (TBOT) to ensure smooth trade operations such as issuance and amendment of LCs, issuance and amendments of bank guarantees, utilization of Short-term loans/Trust receipts etc.
Trade Finance Risk Management:
  • Manage Trade Finance Risks by reviewing & negotiating Instrument terms & conditions.
  • Liaison with business, suppliers, customers and banks to structure the Trade Finance instrument terms.
Banking Relationship:
  • Select the most competitive quotes from the banks for Trade Finance Execution.
  • Provide inputs into the structuring of Trade Finance facilities with GTC - Corporate Financing (GTC/CF)
  • The incumbent will be expected to be able to negotiate best terms and conditions with banks, in coordination with the other GTC functions
Governance and Transformation:
  • Ensure compliance with Group treasury policies
  • Provide inputs to Global Treasury Center - Governance, Risk Control & Transformation (GTC/GRCT) team on all reporting aspects.
  • Monitor and report on Group position ?Trade Finance? limits and utilization
  • Provide inputs into cash management strategy including IHB and treasury policies
  • Ensure proper records are maintained for all transaction, working closely with Treasury Back Office Tower (TBOT). Manage all loan utilizations, roll-over, etc.
  • Provide inputs and act as a subject matter expert to the overall GTC transformation initiatives, in cooperation with GTC - Governance, Risk Control & Transformation (GTC/GRCT) team.
Other Treasury activities
  • Support Cash Management team as and when required.
  • Support other Treasury areas as and when required
Associate Development and succession planning
  • Continuous development of associates on specialized skills required in managing cash and trade finance products.

Keyskills :

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