Trade Finance Middle Office Specialist

Country: Germany

SCIB Business Support in Europe is looking for Middle Office Associate based in our Frankfurt office.

WHY YOU SHOULD CONSIDER THIS OPPORTUNITY

At Santander CIB (www.santandercib.com) we are key players in the transformation of the financial sector. Do you want to join us?

Santander Corporate & Investment Banking (Santander CIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customized services and value-added wholesale products to best meet their needs.

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander is proud of being an organization where there are equal opportunities regardless of gender identity, culture and disability. Our mission is to contribute to help more people and business prosper.

WHAT YOU WILL BE DOING

As a Middle Office Associate, you will do the administration, monitoring and control of trade transactions such as direct and indirect guarantees, SBLCs, import and export letters of credit booked in the Frankfurt Branch.

We need someone like you to help us in different fronts:

• Cooperation with front office and back office with direct client contact
• Administration and control of all trade transactions booked in the Frankfurt Branch:
  • checking contracts and collecting right authorizations (legal, risk, compliance / financial crime, authorized signatures ...).
  • preparation of closing Memo and filing of all the applicable documentation.
  • control of any applicable Precedent Conditions (Cps) in our transactions to start operations.
• Support the operations´ workflow for both current and new products (e.g. trade).
• Monitoring and reporting of customers risks position, follow-up billing process and/or any reconciliation items related to.
• Support the implementation of Frankfurt’s key strategic initiatives affecting these products family

EXPERIENCE

• 3 to 5 years of experience in Trade Finance.
• Previous experience in a product sales team, middle-office or back-office will be considered as a plus.

EDUCATION

• University degree in Economics/ Business Administration or equivalent

SKILLS & KNOWLEDGE

• Conversant with financial trade and receivables contracts as well as economic terms of the transactions.
• Fluent English. High level of German and/or Spanish.
• Advanced knowledge of Microsoft Suite Office

OTHER INFORMATION

• Team player
• Able to build and maintain a good network of contacts (locally and across different geographies).
• Able to work in a team and under pressure with tight schedules, high risk culture.
• Able to work accurately and apply prioritisation.

If you want to know more about us, follow us on:

https://www.linkedin.com/company/santander-corporate-investment-banking/

https://es.linkedin.com/company/banco-santander

#SCIB