What are the responsibilities and job description for the Global Trade Supply Chain Finance Middle Officer position at Natixis?
Job Description
The Global Trade Middle Office Associate for Supply Chain is responsible for partnering with the Global Trade team (Energy and Natural Resources and Trade and Treasury Solutions) Business Lines, Operations Management, and other support functions to ensure optimal support, customer service, risk management and process improvement. The ideal candidate is organized, proactive, highly motivated, always exhibits professional conduct, possesses the skills to remain calm under pressure.
The main tasks include:
- Be involved in the major steps of the Credit Process: 1/ Pre-closing and Closing of the Facility; and Client processing and deal monitoring and Repayment.
- Ensure support to the Front Office.
- Check that operations comply with Natixis’ requirements, process & Improvement coordination, and execution.
- Monitor and analyze outstanding transactions and maintain appropriate level of operational risk control.
- Coordinate with all the teams within Natixis (Operations, Legal Department, Risk Department, Finance, IT, BPO, Front Office; Compliance).
- Be in contact with the client to process financing requests.
- Assist on Process & Improvement coordination and execution.
- Participate in User Acceptance Testing for current and new bank systems.
The main tasks for the Global Trade Middle Officer for Supply Chain Financing include maintaining a portfolio of committed and uncommitted client files, enforcing established procedures, monitoring risks, employing sound practices that will ensure a high level of service to both internal and external customers of the bank.
- Assist FO and attend pre-closing meetings for new deals when needed.
- Review credit/ master purchase agreements and ensure that it complies with Credit approvals and work with the Deal Closing team, so they book the deal in LIQ.
- In case of discrepancy with the Credit Approval ask for a Waiver to FO.
- Ensure that all CPs are met before a funding is processed.
- Save all the closing documentation in internal system, track the UCCs.
- Work with the Back Office Team on the booking of the transaction in Loan IQ by providing them all the information needed for booking and the backups controls performed as per internal procedures.
- Monitor the Deal from Closing to Termination.
- The role requires some knowledge of Trade Finance & Supply Chain Finance products.
- Ensure that Natixis internal procedures related to financial crime risks prevention (KYC, AML, Sanctions and Embargo, Anti-boycott, Vessel /OFAC checks) are followed when processing daily transactions.
- Performs monitoring of the covenants and Past due follow up. Ensure that covenants are updated in a timely manner and when they are not received on time contact Client or Agent Banks.
- Ensure compliance with Regulatory Reporting.
- Maintain close connection with the business, GFO Ops teams, outsource providers, internal support/control group colleagues to improve processes.
- Monitor and proactively seek to minimize operational risks.
- Proactively identify process improvements and work with support teams (IT, other Ops team members) and implement necessary changes.
The salary range for this position will be between $105,000 - $125,000. Natixis is required by law to include a reasonable estimate of the compensation range for this role. Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs. Base salary is only one component of our total rewards package. Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.
Required Skills/Qualifications/Experience
Undergraduate degree in Finance or related business. Advanced degree preferable.
Two years minimum of professional experience.
Previous experience (1-5 years) with commercial lending and asset financing support management at a commercial bank is essential.
Basic knowledge of Supply Chain Financing; Working knowledge of the systems utilized by the bank is a plus: Cash Plus, Loan IQ
Advance user of the following MS Office applications: Excel.
Good understanding of financial statements with a level of comfort in calculating and interpreting financial ratios.
General knowledge of corporate banking operations.
Candidates must be able to work in the United States on a permanent basis. Natixis will not sponsor visas for these positions and will not hire individuals whose work eligibility is based on their F-1 or other student visa status.
Salary : $105,000 - $125,000
