Trade Middle Office Manager

Required Skills

The Trade Middle Office Manager will manage end-to-end control of trade transactions, perform transactional risk analysis, manage client collateral, and ensure regulatory compliance. This role requires close collaboration with various internal stakeholders and adherence to bank policies.

Job description / Role Job Type Full Time Job Location Dubai, UAE Nationality Any Nationality Salary Not Specified Gender Not Specified Arabic Fluency Not Specified Job Function Accounting & Audit Company Industry Banking & Financial Services Location and Relocation Support This role is based in UAE. Relocation support and work pass applications may be considered for shortlisted candidates, subject to eligibility and approvals. Key Responsibilities Manage and monitor end-to-end control of all trade transactions from import to export covering all areas of trade structure from receipt of transaction application to repayment of loans and reconciliation of transaction. Perform independent transactional risk analysis and explore mitigating measures with reference to approved credit facility terms and conditions and regulatory framework. Ensure appropriate transaction scrutiny, including review of supporting documents such as import and export Letters of Credit application, purchase and sales contracts, insurance policies, and other relevant documents. Manage client’s collateral positions, which include clients’ facility limit exposures, cash position, submission of export LC (Front to Back and Unsold structure) throughout the life cycle of the transaction and follow up on top-up for transactions that are under collateralized. Perform price and vessel check on trade transactions and ensure transaction is adhered to bank’s policies, regulatory and AML/CFT sanction policy. Perform mark to market valuation and monitor loan to collateral to ensure financing is within approved threshold and conduct margin call whenever required. Prepare daily trade transaction ticket for approval and coordinate with business unit, credit administration, trade operation on the execution of trade transaction. Provide prompt escalation to relationship/credit risk manager of any potential risk or breach of credit condition which may jeopardize the underlying asset or related source of repayment. Provide customer/counterparty conduct review, trade flows and facility utilization pattern during credit review. Main contact point for all structured trade transactions to address client inquiries and to coordinate with internal stakeholders. Prepare and submit daily, weekly, monthly reconciliation and monitoring report to head of trade middle office. Perform department administrative tasks, participate in process flow improvement or other initiatives as assigned. Collaboration and Compliance This role requires close collaboration with various stakeholders at HBL UAE, including trade operations, operations governance and controls, corporate banking, risk management/credit administration, and compliance teams. The trade middle office manager shall ensure that trade transactions are executed efficiently, with desired level of risk management and regulatory compliance. Apply Now