Collateral Manager

Job Description
	Reporting directly to the Head of Collateral Management.  Main responsibilities are the daily administration and independent control of required collateral that arises out of transactional financing for commodity customers.  The incumbent handles the flow of negotiable instruments, title documents or securities and coordinates with Customers, Relationship Managers, Credit Officers and other Operating Units to ensure sufficient collateral coverage before usage of facilities. Responsibility for overseeing the monitoring and reconciliation of the daily position of the required collateral, including daily updates of mark to market valuations of commodity prices.  Overseeing the maintenance and the tracking of the value of the underlying goods financed and making margin call to customers as required. All requests for transactional utilization such as loans, LCs, SBLCs, guarantees as well as all payments from current accounts must be pre-approved and checked against credit approvals and deviations/excesses/shortfalls highlighted as applicable for further approval. On an ongoing basis, this person also ensures the physical safekeeping of all title documents and security and administers the safe custody of these documents.  Within the scope of this position, this person also oversees the handling of regular activities of secured financing under Borrowing Base requirements.  Each Borrowing Base must be detailed and monitored to ensure specific requirements are met by the Customer pursuant to the Credit Agreement.
	Key Roles & Responsibilities
	Credit monitoring: responsible for monitoring of the credit portfolio. Manage a significant portfolio of facilities protecting the Bank’s exposure to risk through the constant monitoring of credit facilities and valuation of collateral. Jointly responsible for a good relationship with the Bank’s customers and intermediaries / counter-parties, maintaining and building client relationships and ensuring good utilization of the facility. Approval of and ongoing monitoring of transactions to ensure they remain within agreed credit parameters as approved / recommended by RCO/SCO.   Showing credit risks in a timely manner by reacting to facility excesses and collateral shortfalls. Ensuring that proper notification to (risk) management of deviations and deterioration in the Bank’s credit risk position takes place. Regular liaison with traffic / financial / trading contacts of our clients and intermediaries / counter-parties such as warehouses / surveyors / forwarders / insurance companies etc. Providing timely and proper release instructions to warehouses / forwarders and information updates to relevant counter parties such as insurance companies etc.
	Diversity & Inclusion
	Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential. APPLY