Job Requisition ID: 160354Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.We are currently seeking an experienced treasury professional to join our Global Treasury Center team in the capacity of Senior Manager - Trade Finance.Overview of the role
The role requires Strategic decision making, deep understanding of the issues, managing risk and providing solutions and support. As a Senior Manager-Trade Finance, the role requires a very sound operational skill, solution providing and problem-solving abilities to execute the transactions. The person must work as a bridge between the businesses and the Backoffice for day-to-day operations in getting things done and providing best support to the Businesses. The Role also involves active participation in Treasury projects, system improvement, new system implementation etc.What you will do

• This role will require you to provide solutions and support in managing complex trade finance related transactions in a professional, practical and cost-effective manner across all business units of the Group.
• Review the existing internal processes and provide solutions to improve the overall quality of service to the business units.
• Review the existing System functionalities and provide suggestions to improve it or alternatively seek other trade finance platforms available in the market to suit the needs of the Trade finance.
• Deliver new system improvements for Trade Finance - in the areas of system configuration, Development, Working with Implementation Partners, UAT, User training, Rollout processes, and post-implementation support to users.
• Provide support in various ongoing Treasury projects and provide effective contribution.
• Provide your support to the Business units and the Backoffice for day-to-day operations in trade for successful and timely execution of LCs, SBLCs, Guarantees, etc.
• Coordinate with the external business partners i.e., Banks in Trade finance deal executions
• Review the existing bank's tariff and facilities and provide your inputs to Corporate Finance team.
• You will support and co-ordinate with other teams of GTC - Cash Management, Corporate Finance, Financial Risk, Governance and Control in their functions whenever required.
• You will support in producing Strategic and Operational Reports, and Trackers to monitor results and help in areas requiring improvements.
• You will be responsible in establishing and ensuring that all housekeeping activities are kept in-tact and in line with documented Policies, Procedures and DOA Matrix.
• Coordinate and Support the Internal Audit teams in their review process and providing suitable response on the observations made by them.
• You will support in follow up with Business to ensure timely closure of trade instruments (LCs, BGs, SBLCs etc.) once the purposes for which such instruments were issued, are fulfilled, to reduce risk and exposure.
• Responsible for effectively processing/checking/verifying and authorizing transactions as per approval matrix, ensuring processing is carried out in a controlled manner.
• Effectively monitoring compliance to regulatory guidelines and local/international sanctions in Trade Finance Processes and improving the controls to identify/mitigate the risk.
• Train and share your knowledge with UAE Nationals on Trade Finance Products
• Provide your support to your line manager in achieving higher performance results for overall success of the team.
• The position covers supporting the business units operating in various geographies - UAE, GCC, SEA and Africa.

Required skills to be successful

• Knowledge of Trade Finance Rules - UCP600, URDG 758, URC522 and Incoterms 2020
• Knowledge in Accounting / Finance
• Proficiency in MS Office tools (Excel, Word, PowerPoint, Power BI etc.)
• Working Knowledge in SAP will be an advantage.

What equips you for the role

• Graduate in Accounting / Finance / Banking
• Minimum 10 Years of comprehensive experience in Trade Finance role, preferably in large commercial organizations or a financial institution.
• CDCS and CSDG qualification will be an added advantage

We're here to provide excellent service but a little help from you can ensure a five-star candidate experience from start to finish.Before you click apply: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.

Al-Futtaim