Corporate & Treasury Operations Officer (CTO)- 6 month FTC

THE COMPANY:

Our client is an international banking group based in the City that specialises in project and acquisition finance.

THE RESPONSIBILITIES:

• Setting up Credit Agreements and Facility Tranches on Midas Lending Module, plus amending, expiring and closing same when required.
• Booking cash advances on Midas Lending Module, using various options specific to the type of drawing plus increasing, decreasing, amending, rolling and maturing of loans.(Each of these requires the use of different option on the Lending Module.)
• Booking Guarantees issued on Midas Lending Module, considered as risk advances on the Lending Module, plus increasing, decreasing, amending, extending and maturing such Guarantees.
• Setting up Guarantee fees subject to the specific terms of payment in the currency of the Guarantee or Facility or local currency – Each of these criteria will imply a different type of input.
• Inputting of all Facility repayment schedules using the Lothbury Maintenance Repayment schedules option on the Midas Bank Fusion system and produce a spreadsheet in excel under the Customer file.
• Setting up following records for each client:

o General information spreadsheet giving global view of Facility Agreement per Customer with details needed for Business Disaster Recovery.

o Setting up of repayment tables incorporating details at Syndicate level and for our participation for control purposes.

o LC’s/Guarantee tables under Syndicated and Bilateral Facilities for control purposes.

o Setting up of templates of letters, memos, standard Fax advices for later transmission.

• Creation of physical files (holding Agent or customer correspondence and Deal tickets etc…
• Preparing dealing tickets, obtaining rates and advising the required parties.
• Preparing sterling and currency payments. (MT202, MT103)
• Contacting customer/Facility Agent for various functions e.g. rate fixing, confirmation of payment instructions, non-receipt of funds, margin changes, queries etc…
• Ensuring timely receipt of funds due under own Portfolio.
• Checking interest generated by Midas at COB for each loan is as expected.
• Monitoring Reduction of Facilities due to repayment/prepayment/part cancellation etc.
• Advising Counter-parties of any administrative contractual changes under each Agreement.
• Daily checking of outstanding entries on Nostro account, using Intellimatch and updating where required also agreeing Midas v Kondor daily reconciliation reports.
• Ensuring correct fees received and applying in the Midas Lending Module. These include; Participation Fees, Flat Fees, Undrawn Fees, Utilisation Fees and Guarantee Fees.
• Advising all parties concerned of late, non-receipt of funds according to procedure.
• Chasing and collection of fees from Facility Agents and Customers, ensuring receipt.
• Checking of specific daily StorQM and QlikView reports as per list in Procedures in place.
• Updating Facility Review dates in Midas Commercial Lending Module.
• Recording of purchases or sales on the secondary market.

EXPERIENCE REQUIRED:

• Broad knowledge of Corporate Administration functions and related systems
• Knowledge of Treasury Settlement support functions
• Good written and verbal communication skills
• MS Office Suite (Outlook, Word, Excel) – proficient user
• Fusion Midas, StorQM, QlikView, SWIFT Alliance – proficient user
• Past experience within the corporate lending arena including Trade Finance