Transaction Manager – PCO Process & Structures, Ph

Job Description
	To ensure the risk is managed through the operationalising of the facility structure for collateral backed financing. To monitor the collateral (quantity, value, location, condition, etc) for loans granted to the clients of SCB in line with the Group Policies, procedures, PPGs, BCAs, DOIs and other relevant applicable regulations / requirements. To ensure that the Bank has adequate collateral to support facilities provided to the client and any risks / potential issues with respect to them are escalated to all the stakeholders on time for necessary follow through action and resolution.  To manage the transaction life cycle of the collateral / loans / facilities – from the drawdown stage through to the settlement / repayment of the loans/facilities.
	Key Roles & Responsibilities
	To ensure the facility structures (including BCAs, CMAs/SMAs, Insurance coverage) for which PCO is expected to monitor the collaterals are reviewed thoroughly periodically to establish the feasibility of robust monitoring of the collaterals during the life cycle of the facility and feedback provided to business / credit regarding changes, if any, required.  To align operational transaction to BCA structure and manage accordingly. To proactively identify and mitigate risks in collateral backed lending structures and sign off same To ensure all monitoring and control processes required for ensuring adequacy of the collaterals are clearly defined and embedded within the BCA structures or the CMA/SMA or in the DOIs – as applicable - in consultation with the stakeholders in business and credit. To ensure the CMAs / SMAs are periodically reviewed to ensure they are in line with the BCA conditions and legal requirements for enforceability..   To monitor and track site inspection status, escalate gaps therein, follow up on actions to close gaps etc. To support setting up of limits and price feeds on the COCOA system in line with the above. Other responsibilities include : To handle flow of negotiable instruments, title documents or securities and co-ordinate with customers, Relationship managers, Credit Officers and other units to ensure sufficient collateral coverage before utilization of the facilities. To process transactions (Drawdowns, Amendments, Settlements, LC drawing etc) in COCOA based on client requests or other triggers and ensure the transactions are completed on the relevant TP system by Trade Ops team in time to ensure the customer TAT is met. To process the transactions after ensuring adequacy of supporting documents, approvals, waivers from relevant parties, authorities as applicable and are within the credit parameters.  To co-ordinate with the Collateral Managers to ensure the physical handling of the stock are in line with the bank’s requirements and are in line with the CMAs/SMAs.  To review, escalate and take actions based on control reconciliations performed (Financial recons, Stock recons, Insurance recons etc) and also based on the daily / weekly / monthly exception reports generated out of COCOA system including those situations that represent deterioration in the credit risk position / exposure To provide periodical information (daily, weekly, monthly as applicable) by reporting on the following issues Client liability and collateral position reports to Relationship management, local and Head office Risk Management (SCO/RCO) as well as to clients Excess, shortfalls, irregularities, deviations from approved facility parameters Non-receipt of insurance policies, premium receipts as well as any other document or information required under terms of the Credit Application (BCA) Adhere and support adherence to the Group Risk policies, AML and CDD policies and all other relevant policies and procedures in discharging the above responsibilities.
	Diversity & Inclusion
	Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential. APPLY