Associate Director,Commodities Specialist AME (United Arab Emirates & United Kingdom)
Role Overview
This role could be based in United Arab Emirates and United Kingdom. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.
Full Job Posting
Short Description
Are you currently working in Commodity Trade Finance, Structured Commodity Finance, Credit Monitoring or Collateral Management and looking for your next challenge?
We're partnering with a leading international bank to hire an Associate Director, Commodities Specialist in London. This role sits at the heart of the commodities business, providing oversight of credit exposures, collateral management and transaction monitoring while working alongside relationship managers, risk teams and global stakeholders.
A fantastic opportunity for someone who enjoys a dynamic environment where risk management, client interaction and commodities expertise come together.
Job Summary
This role could be based in United Arab Emirates and United Kingdom. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.
Credit Monitoring – responsible for monitoring of the credit portfolio
• Manage a portfolio of commodity finance facilities protecting the Bank’s exposure to risk through the constant monitoring of credit facilities and physical collateral • Jointly responsible (with Front Office and TB) for a good relationship with the Bank’s customers and intermediaries / counterparties, maintaining and building relationships • Approval of and ongoing monitoring of transactions to ensure they remain within approved parameters • Managing credit risks in a timely manner by reacting to facility excesses and collateral shortfalls • Ensuring that proper notification to (risk) management of deviations and deterioration in the Bank’s credit risk position takes place. • Ensuring the physical safekeeping of title documents and administering the safe custody of these documents. • Regular liaison with financial / trading contacts of our clients and intermediaries / counterparties such as collateral management companies / TSOs / forwarders / insurance companies etc. • Providing timely and proper release instructions and information updates to relevant counter parties and stakeholders • Pre-deal execution support to Front Office and internal stakeholders • Along with the Country Head, shared responsibilities for design, implementation & documentation of new processes & procedures aligned to internal requirements as well as any registry/ approved body requirements • Shared responsibilities for MIS reporting for Country Head and the team • Take part in system development discussions & UAT testing for system upgrade/releases
Key Measurables
• Check that transactions fall within agreed parameters as approved/recommended by Credit Committees • Show credit risks in a timely manner by reacting to facility excesses and collateral shortfalls • Ensure that proper notification to local/Head Office (SCO/RCO) risk management of deviations and deterioration if the Bank’s credit risk position takes place • Provide account/risk management with advice as to credit and collateral monitoring possibilities within proposed/approved credit structure • Ensure timely receipt of required non-standard security documentation and confirm proper execution of same in conformity with local guidelines/policies or after consultation with risk management or internal/external legal counsel • Ensure timely response to stakeholder enquiries and assist with audit enquires • Jointly responsible for a good relationship with the Bank’s customers and intermediaries/counterparties - ensure jointly with Account Manager/ Front Office, where possible good utilisation of the facility - maintain good relationship with traffic/financial/trading contracts of our clients and intermediaries/counter- parties such as warehouses/surveyors/TSOs/insurance companies etc. - provide timely and proper release instructions to warehouses and information updates to relevant parties such as insurance companies etc.
Our Ideal Candidate
Experience in Commodity Finance, Structured Commodity Finance, Trade Finance, Commodity Trade Monitoring, Credit Risk Monitoring or Collateral Management
Strong understanding of commodity-backed lending structures and collateralised financing transactions
Experience monitoring credit exposures, collateral positions, borrowing base facilities and facility utilisation
Knowledge of physical commodity flows and related documentation, including warehouse receipts, bills of lading, insurance documentation and title documents
Proven ability to manage relationships with multiple stakeholders including Front Office, Credit Risk, Operations, clients and external counterparties
Experience identifying and escalating credit, collateral or operational risk issues in a timely manner
Previous experience within an international bank, commodity trading house or financial institution would be advantageous
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
- In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
- Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible working options based around home and office locations, with flexible working patterns.
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
- Apply now
About Standard Chartered
International banking organization focused on commerce and prosperity.
Visit company websiteJobs and hiring trendsApply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Standard Chartered
Manager, Trade Operations, Banking Operations
Dubai, UAE
Standard Chartered is seeking a Trade Operations Manager to own client query resolution and support smooth trade transaction processing. The role monitors service levels, resolves disruptions, manages escalations, and dr
Market Head, Priority Private & International Clients
Dubai, UAE
Market Head, Priority Private & International Clients
Dubai, UAE
Standard Chartered seeks a market leader to grow its Priority Private and International Banking business and lead a cross-border wealth team. The role owns client acquisition, portfolio growth, sales and service strategy
Associate Director, Priority Banking - UAE National Preferred
Dubai, UAE
Associate Director, Priority Banking - UAE National Preferred
Dubai, UAE
Standard Chartered is seeking an experienced Priority Banking professional to acquire and service clients, grow revenue, and lead sales and compliance activity. The role requires banking and investment-product experience
Director, Global Implementation - Cash & Trade
Dubai, UAE
Standard Chartered is seeking a director to lead global implementation and cash client service for Transaction Banking in the UAE. The role oversees complex client implementations, senior relationships, service escalatio
Associate Director - Priority Banking - UAE National
Dubai, UAE
Standard Chartered seeks an experienced Priority Banking relationship professional to acquire and manage client relationships, grow revenue, and deliver banking and investment products. Candidates should bring sales and
Manager, Trade Operations, Banking Operations
Dubai, UAE
Manager, Trade Operations, Banking Operations
Dubai, UAE
Market Head, Priority Private & International Clients
Dubai, UAE
Market Head, Priority Private & International Clients
Dubai, UAE
Associate Director, Priority Banking - UAE National Preferred
Dubai, UAE
Associate Director, Priority Banking - UAE National Preferred
Dubai, UAE
Director, Global Implementation - Cash & Trade
Dubai, UAE
Associate Director - Priority Banking - UAE National
Dubai, UAE