Finance is the oxygen of the economy. Acting transparently and with expertise, we deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term. We have the capability and capital, the operational resilience and the commitment, to make a real and lasting difference to the economic lives of customers and communities. This is as true today as it was when our bank was founded over 330 years ago.
Analyst – PSFU & Trade
Barclays Corporate Banking
For more than 50 years, Barclays has been a member of the Middle East business community offering clients best-in-class services and solutions in Corporate and Investment Banking, as well as Private Banking. We offer corporate banking solutions to financial institutions and multinational corporations, supporting them fulfil their financing needs, risk management, cash and liquidity management, as well as trade and working capital requirements.
We look at exceeding expectations by providing a customised and dedicated service, from origination to client servicing. We have the people and capabilities to help our clients achieve their ambitions in the right way.
Post Sanction Fulfilment Unit and Trade Finance
The Post Sanction Fulfilment Unit handles all post credit approval activities such as issuance of facility offer letters & security documents as per sanction terms, fit to lend checks, limit loading, monitoring of risk reports, safe custodian of facility agreement and security documents, reporting of limits and collateral for regulatory and other stakeholders for the entire Corporate Banking portfolio.
Trade Finance signifies financing for Trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as Banks and Financial institutions can facilitate these transactions by financing the trade.
Overall purpose of role
The candidate will be responsible for the creation and execution of a number of daily processing functions of Post Sanction Fulfilment Unit (PSFU), with special emphasis on preparation of corporate facility and collateral documentation, fit to lend checks, loading of limits, monitoring and control activities with regard excesses & past dues and other risk reports, scanning of corporate client transaction documents and assist on Trade related basic activities.
Manage preparation and finalisation of facility documentation and security documentation as per approved credit sanction in compliance with standard documented processes.
Ensure of safe receipt of all lending documentation, preparation of facility record sheet and limits loading in the core banking systems as per the sanction terms and conditions for Corporate clients and Banks and Financial Institution.
Maintain and circulate risk reports to the UAE Global Corporates and Corporate Credit Team on a daily basis for necessary action.
Monitor risk reports, identifying and mitigating any possible risks
Carry out all activities with regard recovery of arrangement, management and commitment fees in relation to Trade and Working Capital facilities, syndication and bilateral facilities on agreed time frame.
Ensure issuing of reference letter to client, balance confirmation certificates to auditors and status inquiries received from other banks are replied within the stipulated timeframe.
Responsible to prepare regulatory reports and all periodical reconciliations.
Responsible to register standard documents with Emirates integrated Registries Company LLC (Local Regulator) for Bank’s first notice right.
Handling and responding to internal queries relating to documentation, collaterals, transactional activities within an agreed turnaround times.
Act as back up for PSFU, training colleagues within the department and if required support other areas of operations.
Updating of department process notes, process flows in line with system changes and new regulations and process. Finally sharing them with an appropriate Line Manager for sign off.
Support accountable managers in control assessments and internal & external audits review.
Filing and archival of corporate clients lending documents in line with local regulations and process.
Assist and liaise with relevant stakeholders on loans booked globally for UAE Corporate Clients.
Scanning of all corporate customer lending documents
Understand the impact of how own accountabilities impact overall Operations department, by providing limits to clients and the downstream impact this has on trade transactional processing.
Assist Trade related activities as support on:
• Day to day working of Trade operations – Import/Export Collections, Trade/Import Loans
- Collection of documents and generate pre-processing sheets for scanning.
• Transactions processed by you and ensure that any errors identified are escalated to the onshore and offshore managers
• Follow up on your transactions from start to completion
• Ensure cases on CRM are logged in the timely manner on all client interaction and smooth functioning of the Trade Middle office & client satisfaction
Stakeholder Management and Leadership
Build effective relationships through pro-active participation in meetings
Work closely with internal customers to ensure prompt service delivery and enhance collaboration across teams.
Regular interaction with local and group stakeholders through effective communication
Decision-making and Problem Solving
Ensure that all decision making is carried out within compliance of standard written processes
Ensure that problems are solved within the standard written processes, and where appropriate escalated to an appropriate Line Manager.
Risk and Control Objective
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards
Maintain code of conduct in line with banks policies and regulatory guidelines.
Ability to multitask and adhere to strict deadlines.
Understand AML requirements and escalate suspicious transactions to concerned superiors.
Must be an Arabic speaker who is a good communicator and can multitask. 5 years of experience in Financial Services required.
Essential Skills/Basic Qualifications:
Minimum qualification – Graduate
Good Knowledge of MS Office
Good organisational & administrative skills
Desirable skills/Preferred Qualifications:
Self-starter and self-motivated player, able to define structure and prioritise work for self
Good Knowledge of Swift and the associated messages MT 1 ,2 and 9 series. Understanding of local payments systems UAE FTS, UAE WPS, UAE IPI
Ability to work with different geographies and quickly adapt to changes.
Understanding of ISO 20022 format of message will be an added advantage.
Purpose, Values and Mindset
We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone’s contribution.
We operate with honesty, transparency and fairness in all we do.
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
We champion innovation, and use our energy, expertise and resources to make a positive difference.
We prize sustainability, and are passionate about leaving things better than we found them
Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility. Actively build collaborative relationships to get things done.
To apply for this job please visit search.jobs.barclays.