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Manager, Syndications (Forfaiting-Middle Office)

Apply now Job no: 972711
Work type: Full time
Location: Africa - various
Categories: Banking & Finance

Nature & scope

The role of the position holder will be to support the Head of the Forfaiting sub-unit to establish the Forfaiting sub-unit for the Bank and to develop the “secondary” market trading for Forfaiting. He/she will be responsible for all the operational activities of the Forfaiting sub-unit.


Duties and responsibilities
  1. To set up operational procedures and workflows for all activities of the Forfaiting sub-unit;
  2. To manage the day to day operational activities as laid down in the Operations Procedure  and Policy Manuals;
  3. Devise proper control mechanisms to minimize the operational risks;
  4. Ensure proper and timely MIS circulations to management and clients for proper control and communication flow;
  5. Manage client relationships effectively  and analyze client requirements and suggest ways of enhancing the product and the systems capability and recommend improvement in the same;
  6. Ensure that the selected Forfaiting System is correctly and fully utilised for all products so as to minimize operational risk;
  7. Manage Disaster Recovery in co-ordination with IT departments so as to provide undisrupted service to the client and internally;
  8. Reviewing the existing client portfolio periodically;
  9. Ensure compliance with Operations Procedures, Policies and Manuals;
  10. Ensure compliance with URF 800 Guidelines for Forfaiting;
  11. Ensure compliance with regulatory and safety standards for housekeeping of documents;
  12. Ensure proper housekeeping of documents and retrieval, both in physical and electronic form;
  13. Contribute to the achievement of the strategic and long term objectives of the sub-unit;
  14. Any other duties as may be assigned by senior management.


Skills, Knowledge and Attitude
  • Bachelor’s degree and post graduate degree in relevant field. A  professional qualification in a relevant area backed up by appropriate Banking experience may be considered in lieu of a post graduate degree;
  • Sound experience of minimum 8 years in Operations in a Bank or other financial services institution;
  • Good knowledge of Forfaiting or Trade Finance Products;
  • Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages is an added advantage (French, Arabic and Portuguese);
  • Proficiency in working with relevant automated trade systems;
  • Acts as a subject matter expert in own area providing technical guidance whilst maintaining the required integrity;
  • Meticulous  attention to detail, analytical skills and ability to solve  complex problems on the basis of sound critical analysis  and technical knowledge;
  • Teamwork and client focus as this job necessitates regular interactions with clients, different departments within the Bank and external correspondents;
  • Builds and manages effective working relationships both internally and externally at different organisational levels;
  • Willingness to support Afreximbank’s mandate to develop the African continent through the provision of financing for trade; and
  • Willingness to travel extensively and to work long hours where required in order to achieve the sub-unit and Bank's objectives.

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