The bank for a changing world

We are looking for

Officer/Assistant Manager, Commodity Operations Middle Office

Apply REF: ITO001084

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
 
Worldwide, BNP Paribas has a presence in 73 markets with more than 196,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.

* excluding partnerships

https://careers.apac.bnpparibas/

MAIN OBJECTIVES & PURPOSE :


1. Collateral and portfolio management
2. Risk analysis of LC application and transaction request
3. Technical analysis of transactional and commercial documents and transaction monitoring
4. Client advisory and management
5. Internal coordination

CUSTOMER/SUPPLIER RELATIONS :


Internal :
- Coverage/Product
- Back Office
- Compliance
- Risk Corporate
- Other departments

External :  
- Customers
- Banks

KEY RESULTS AREAS :

1. Collateral and portfolio management
a. Capture transaction data into Facility Management system.
b. Monitoring of client portfolio and collateral including valuation and mark-to-market checks. Report shortfall and follow up top-up actions required.
c. Monitor progress of transactions throughout its life.
d. Ensuring accuracy of the economic positions (utilizations and collaterals)
e. Monitoring the risks including price risk, counterparty risk, market risk and reputation AML and sanctions risk.

2. Risk analysis of LC application and transaction request
a. Analyzing the credit risk, transaction risk and operational aspects of the proposed financing transactions.
b. Ensuring the appropriate ticket raised for the proposed transaction and obtain relevant approvals.
c. Perform first level of controls, documentation and reporting.

3. Technical analysis of transactional and commercial documents and transaction monitoring
a. Check on LC terms, contract terms, SBLC format and client’s instructions; etc.
b. Matching of contractual terms and conditions.
c. Preparation of mismatch list on L/C terms for back-to-back and front-to-back L/Cs.
d. Follow up maturity of bills and rollover of loans.
e. Perform compliance screening for all new and amended applications and escalate to Compliance in case of needs.
f. Perform payment due diligence for remittances

4. Client advisory and management
a. Act as the main client point of contact for receiving all commodity finance transactions applications/instructions and responsible for pre-processing and checking, initiating the approval process for new transactions.
b. Provide technical advice to customers in respect of L/C term and bills operations.
c. Meeting with clients in case of need or upon request of business line.

5. Internal coordination
a. Support to Product Team in structuring the transactions and facilities, monitoring transaction progress.
b. Provide technical advice to RM and Risk Corporate in respect of L/C terms and bills operations.
c. Participation in credit process upon request of business line or Risk Corporate.

6. Anti-Money Laundering / Financial Sanctions (“AML/FS”) related duties
Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS-related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

7. Any other jobs assigned by the superiors.


JOB SPECIFICATION:

Essential Technical Knowledge / Skills:

• Good command of English, Cantonese and Mandarin
• Good knowledge of UCP rules on documentary credit, collection, guarantee and reimbursement.
• Sector expertise
• Risk awareness
• Decision-making capacity
• Analytical skills
• Communication skills
• Sensitivity to the specifics of  commodity finance  compliance issue

Qualifications and Experience:

• Bachelor Degree
• Minimum 5 years  trade services experience

Primary Location: HK-Hong Kong (HK)-Hong KongJob Type: Standard / PermanentJob: OPERATION PROCESSINGEducation Level: Bachelor Degree or equivalent (>= 3 years)Experience Level: At least 5 years Behavioural competency: Ability to collaborate / Teamwork, Communication skills - oral & written, Adaptability, Attention to detail / rigorTransversal competency: Ability to understand, explain and support change, Ability to develop and adapt a process , Analytical Ability