Transaction Management Unit Manager x2

Standard Bank of South Africa Limited; Douglas; On-site; GBP 54,000 - 78,000; Full time

Job summary

Standard Bank Isle of Man is seeking an experienced Operations professional to independently implement and manage a range of complex Structured Corporate Loan transactions, in support of the Investment Banking business and Wholesale Clients.

In this role you will monitor transactions through the life cycle, coordinate collateral documentation with Legal, Credit and Collateral teams, and use ACBS to create accounting records and enable reporting across the facility lifecycle.

Qualifications

• 5-7 years experience in Operations, preferably in financial services.
• Experience supporting Investment Banking Debt Products and Wholesale Clients TMU.
• Ability to interpret related legal agreements.

Responsibilities

• Actively monitor, identify, investigate, resolve and escape complex issues in live transactions, communicating with stakeholders to maintain positions and mitigate risk.
• Collect and lodge transaction collateral documentation with the Collateral team for safekeeping and feed downstream calculations; coordinate collateral releases.
• Consult stakeholders and provide operational expertise for complex Structured Loan requirements into cross-functional enablement teams and participate in post product reviews.
• Coordinate close-out at maturity to align stakeholders, ensure records are reliable, and support capital management processes.
• Create complex transactions on ACBS from legal agreement features to enable ongoing accounting and reporting.

Skills

Client-centric service

Operational excellence

Cross-functional collaboration

Financial services knowledge

Education

First Degree in Business Commerce

Tools

ACBS

Job description

Business Segment: Corporate & Investment Banking

Company: Standard Bank Isle of Man

To independently implement and manage a range of complex Structured Corporate Loan transactions as intended by the loan agreement, in support of the IB business and Wholesale Clients clients'.

Qualifications

• First DegreeinBusiness Commerce

Experience Required :

• 5 - 7 years experience in Operations
• A track record adding value and delivering professional, client centric service to internal and /or external clients preferred.
• Experience working within Transaction Management in Financial Services supporting the Investment Banking business, demonstrating relevant knowledge of Investment Banking Debt Products, the financial instruments managed by Wholesale Clients TMU and the ability to interpret related legal agreements.

Key Outputs :

• Actively monitor, identify, investigate, resolve and / or escape complex issues relating to the deal throughout the life of each live transaction and regularly communicate with stakeholders in order to maintain appropriate positions and efficient operations, ensure the transaction terms and conditions are adhered to by the client and / or third parties, provide a high-quality service, and mitigate operational risk.
• Collect and lodge all transaction collateral documentation (e.g. legal agreements, security agreements, share certificates) with the Collateral team for safe keeping and feed downstream calculations for capital management and credit risk mitigation. Coordinate with Legal, Credit and Collateral to approve and authorise various collateral (security) releases.
• Consult stakeholders, provide relevant operational expertise regarding complex Structured Loan transaction operational requirements into cross-functional enablement teams, provide approvals and participate in post product deployment reviews, to ensure the effective operation of new product development and smooth activations.
• Coordinate and inform stakeholders of the transaction close out when it reaches maturity, to ensure stakeholders are aligned, Wholesale Clients records are reliable and valid, and the capital management process is well supported. Where applicable, provide instructions to release all required collateral.
• Create complex transactions on ACBS based on the salient features from the legal agreement to create an accounting record, enable the ongoing administration, monitoring and management of the facility and to facilitate ongoing reporting requirements.