Main Responsibility
Primary function is to support Front Office specialists enter Supply Chain Finance (SCF) and Forfaiting transactions with CA CIB New York. The nature of underlying transactions will include bi-lateral arrangements and bank participations, for both Supplier and Receivable Programs. The candidate will be expected to manage purchase traffic, offered during the business day, and complete necessary documents for Back Office to deliver timely settlement.
Functional Tasks
- Initiate and complete Altar requests to establish authorizations for SCF Supplier and Receivable Programs
- Ensure Obligor and non-client Supplier radicals have been KYC’d, as required
- Monitor e-mail traffic and third-party platforms presenting purchase offers for CA CIB New York
- Accept purchase requests via return e-mail or third-party platform protocol.
- Summarize transactional purchase requests and forward documentation to the Back Office for loan processing
- For Receivable Programs, monitor intra-day funds received via USD Payment System, as required
- Perform same-day and next-day reconciliation to validate completeness of Back Office SCF/Forfaiting operations
- Monitor and report to Front / Middle Office management past due activities
- Work with Front Office to ascertain the structure of new Supplier and Receivable Programs
- Take on additional tasks from time to time as reasonably requested by management
Experience
2+ years of experience in an Investment Banking middle office.
Education
BA or BS in Finance or Business.
Other Skills
Strong verbal and writing skills for effective and concise communication
Knowledge of CA CIB New York core systems
Self-motivated individual with problem solving abilities
Exposure to Supply Chain Financing/Forfaiting platforms is a-plus
Salary range: $110,000 - $110,000