Executive - Business & Corporate Banking (Contract Financing Middle Office)

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Overview:

This role serves as a vital operational and risk-control function within the contract financing lifecycle. The Middle Office specialist is responsible for the meticulous tracking of facility utilization, ensuring strict adherence to approved terms, and acting as an early warning system to safeguard the bank against project delays and financial leakages.

Responsibilities

• Preparing of tracking and checklist template for each individual contract

• To ensure utilization and settlement of facilities are in accordance to the terms and conditions imposed

• To provide endorsement and concurrence to trade department on the utilization of the trade facilities

• Updating of tracking templates on continuous (as and when required)

• Daily monitoring of incoming contract proceeds, and settlement of bills

• Work closely with CFS / ARM / CRA / TFU to ensure all T&C of a contract are being implemented, tracked and monitored

• Work closely with all product partners to ensure all pre and post drawdown of T&C are being adhered to throughout the tenure of a contract

• To highlight to management of any breach of T&C being imposed

• To inform CRA/TFU of any facility drawdown

• To track and monitor the financial and physical progress of the contract via submission of Monthly Progress Report for each contract under financed.

• To identify RED Flag in terms of project delay and to advise Management/ARM/BC of such RED Flag, for them to take remedial action.

• To track and monitor contract proceeds and to identify of any RED Flag related to leakages of fund and to advise Management/ARM/BC of such RED Flag for them to take remedial action

Skills & Experience We Are Looking For:

• Bachelor Degree in Banking/Finance/Accounting

• Min 2 years experience / exposure in middle office contract finance

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