26976917 Commodity Trade Finance – Transaction Manager (Avp)

At Citi , we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients – whether they be consumers, corporations, governments or institutions – to help them meet their biggest opportunities and face the world's toughest challenges. Shape your Career with Citi Citi’s Treasury and Trade Solutions (TTS) provides global solutions that can help clients drive their business forward while investing in innovation to bring new solutions to life We’re currently looking for a high caliber professional to join our team as Assistant Vice President, Commodity Trade Finance – Transaction Manager (AVP) -C12 - Hybrid (Internal Job Title: Cash & Trade Proc Mgr - C12) based in Changi , Singapore . Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance: Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country. (Optional) We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That’s why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world. Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses. We have a variety of programs that help employees balance their work and life. The role focuses on managing CTF operational risk for transactional financing by ensuring rigorous and effective controls are in place to enable transactions to be tracked through their life cycle and the resulting exposures and collateral to be monitored. In this role, you’re expected to: Using the Triquesta system monitor CTF transactional secured financing exposures and related collateral values and tenors to ensure sufficient collateral is always in place to satisfy the requirements of Citibank policies and procedures. Act as a first point of contact for client’s transaction requests. Act as an intermediary between the processing units & compliance teams for sanctions, compliance, money laundering and anti fraud related issues. Act as a single point of contact to stakeholders on document scrutiny and discrepant management for the clients assigned. Escalate issues for quicker resolution. Ensure strong focus on Risk and Control in transaction processing in terms of having appropriate customer documentation, accurate discrepancy notices are sent out and proactive identification of refusals. Track the life cycle of CTF transactions, including the issuance, confirmation and reimbursement of import and export letters of credit Help structure, coordinate, and provide technical assistance for complex CTF transactions and associated documentation, liaising between clients, internal and external legal counsel, Citibank branches and relevant Transactors, client Relationship Managers and Product teams to ensure workability for all parties and adherence to Citibank policies and procedures Maintain clear and concise position reports per customer detailing transactional financing exposures and status of outstanding transactions ensuring that facility utilisation requests from clients fall within the agreed credit parameters. Report accurate positions for transactional financing per obligor and client group to the relevant CTF Transactors adhering to Citibank's risk management policies and procedures Obtain prior product and risk management approval for any transactions that fall outside the agreed facility parameters Provide operational support for undisclosed payment guarantees (UPGs) and AR transactions. Accompany CTF Transactors on client visits if requested Development Value: Exposure to different aspects of international trade, including new products and more complex structures relevant to CTF Direct contact with external Citibank clients Exposure to senior management across functions Knowledge/Experience: Knowledge of international Commodity Trade Finance operations, including the issuance, confirmation, advising, negotiation and reimbursement of import and export let…