TCS Manager – Distribution in City of London

About Us

BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East. We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK. Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.

Additional Info

• Hybrid Working: 3 days onsite, 2 from home
• Location: City of London
• Contract Type: Permanent

Job Summary

Acting within the first line of defense in a client-facing team, the job holder will be responsible for ensuring good and timely service to clients, with a focus on Trade Distribution. The job holder has day-to-day responsibility for the oversight of the smooth processing of the Bank's Trade Distribution activity, which includes all execution and monitoring activities.

Key Work Outputs and Accountabilities

• Review of relevant documentation for new/changed arrangements
• Ensuring procedures in place to execute and monitor all types of distribution arrangements
• Managing daily tasks including new deals, maturities, releases, amendments and fee payments
• Approving distribution transactions within authority
• Ensuring data quality and accuracy of MI, agreeing fee accrual positions with Finance
• Overseeing rapid processing to ensure both quickness of binding cover and avoiding unnecessary fees for settled transactions
• Providing timely reports to investors offering BACB facilities
• The job holder is a source of expertise on the various distribution arrangements used, including terms and conditions for claiming, facilities offered, and notifications required
• Seeks continuous improvement of the distribution process, including overseeing changes to the Trade Distribution workflow tool
• Supervises secondary market purchases from distribution partners, ensuring that these are in line with risk appetite, product parameters and relevant limits; in conjunction with the Director, TCS, confirming that these align with primary activities in terms of due diligence required and overall process
• Building key investor relationships, including FIs, insurers, trade finance programmes and brokers
• Ensures cross training of TCS staff on the distribution day-to-day tasks for continuity of cover
• Supports and/or cover for the wider TCS team where required with remaining tasks within TCS
• Supports department governance through input into documented processes and monitoring controls
• Escalate issues and provide MI to the Head of TCS
• Remain flexible to offer support to the wider GTB team as required, and be prepared to reprioritise according to business needs

Required Qualifications and Experience

• Considerable expertise within trade distribution activities, including insurance, trade under MRPA, trade finance programme and related documentation
• Strong knowledge of trade finance products, in particular LCs, guarantees, collections, bills and loan products
• Ability to review documentation to ensure alignment with approvals in place and operational workability
• Knowledge of syndication and LMA documentation advantageous
• Understanding of credit, compliance and operations requirements
• Thorough understanding the risks inherent in trade finance business & how they are mitigated
• High levels of organisation, coordination, follow-up skills
• High level of accuracy and attention to detail; Good communication skills (with clients and colleagues)
• Provide high level of service to internal/external customers
• Ability to remain calm, work under pressure and meet tight deadlines
• Ability to maintain integrity, confidentiality and diplomacy under all circumstances
• Growth & continuous improvement mindset