Trade Finance Middle Office Manager Full-time Job

2 weeks ago   Accounting & Finance   Dubai   56 views Reference: 34136
Job Details

1. Organization Unit Purpose

The Middle Office function is an important function caters to customers across the various segments in Corporate Banking and Business Banking. The Mid office unit is responsible for a number of control and support activities for Receivable Finance and Supply Chain Finance Products.

Some of the key activities handled by the team are as below:

and buyer Onboarding for Receivable and Supply Chain financing products

management & Dunning Services

of Credit Insurance and other insurance related activities

surveys for Receivable and Supply Chain financing products Import factoring

2. Job Purpose

The Job Position exists as the Manager for Mid Office to achieve Bank’s goals of Monitoring and Support functions on Receivable and Supply Chain Finance Business, while delivering on Customers’ requirements. Some of the key activities of the Job Holder include:

the activities of the Mid-office team to ensure deliverables are met.

on new initiatives to enhance the controls and efficiency of Mid Office processes.

skills / knowledge on Trade and Receivable finance and develop the same within Middle Office team.

provide advisory and market knowledge to stakeholders on Factoring and Receivable Finance where required.

3. Job Responsibilities

all factoring surveys are conducted appropriately and in a timely manner.

all risks mitigants are covered in the Survey reports.

provide Field Survey support as and when required.

to conduct monthly Factoring meeting with internal stakeholders.

accuracy of MIS and timely publishing to relevant stakeholders

all assigned insurance policies are monitored appropriately in terms of valid loss payee endorsements and credit limits.

declarations to Insurance

with Insurance broker and Insurance company as per requirement of policy terms or new requests

and ensure compliance with Insurance Policy in terms of overdue invoices and claims.

Client and buyer on boarding are executed as per approved terms and conditions.

Dunning process on an ongoing basis

smooth operation of NOA verification and random verification of invoices process.

correspondences from EFs (or other correspondent factors) are attended within the given time frame.

Product advisory activity to support Stakeholders and Clients.

4. Person Specifications (skills required to carry out the job, not what the current or recommended incumbent possesses)

Player

Oral and Written Communication Skills

oriented

and time management

Skills

Coaching Mentorship

degree in Finance / Accounting/ Business/ or similar majoring in economics

Course on International Factoring (Level 1)

Company Description
Tanfeeth is an Emirates NBD Group company.
In Arabic, Tanfeeth means 'getting the job done' and thats exactly what we intend to do. As the GCCs first Business Services Partner and a fully-owned subsidiary of Emirates NBD, Tanfeeth is committed to delivering service excellence across the region by providing our clients with customer-focused solutions which stretch across the entire business value chain.
Tanfeeth provides fully-customized cross industry solutions and functions as an operational platform with international customer service standards.
Tanfeeth handles the back-office operations teams for Emirates NBD Group, which includes:
· Emirates NBD Contact Center Operations
· Emirates Islamic Contact Center Operations
· Collections
· Compliance Operations
· Finance and Accounting
· International Payments
· Retail Credit Operations
· Wholesale Banking Operations
· Central Operations and Service
· Human Resource Services
· Logical Security
· Procurement Operations