- Business Segment: Corporate & Investment Banking
Company Description
Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals.
Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job Description
NOTE: This role is not open to Relocation or Sponsorship. Only Isle of Man residents are eligible to apply.
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 Degree in Business 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.
