Senior Relationship Manager – Correspondent Banking and Network Management – FI

Tiro International logo
Company: Tiro International
Location: England
Employment Type: Full–time
Posted: 11 hours ago
Description:
Our client – a large government-owned bank is looking for a Senior Relationship Manager – Correspondent Banking and Network Management – Financial Institutions.

The job will be located in Abu Dhabi, UAE.

The candidate will primarily manage all aspects of Network Management and Correspondent Banking with banks and other service providers, minimise operational risk, manage compliance requirements, optimise revenues and service quality from this activity.

Primary responsibilities will include:
• Manage all aspects of Correspondent Banking and Network Management activity, including the following responsibilities:
• To play a key role in Nostro Account selection, assisting with the execution of payment routing strategies and having responsibility for the ongoing maintenance of the Bank’s extensive Nostro Account Network.
• Cash Management Sales: To ensure that the Bank selects payment routing arrangements that serve to optimize the end to end payment journey for both remitters and beneficiary customers, in terms of service delivery and price, always avoiding undue reputational risk and ensuring compliance with local regulations.
• Regularly reviewing Bank’s Nostro arrangements in all key currencies, co-ordinating RFP’s and RFI’s where appropriate and required.
• Being familiar with charging practices in all primary markets, adjusting payment routing arrangements accordingly.
• Work in close collaboration with the rest of Financial Institutions Coverage and International to support relationship growth.
• Negotiate Payment Rebates where applicable and monitor existing rebate arrangements.
• Ensure that all key Nostro arrangements are supported by clear SLA’s and transparent pricing structures.
• Assist the Remittance Team with partner selection and with the structuring of appropriate SLA’s for H2H arrangements.
• Work with treasury to introduce new nostro currencies and reduce the unnecessary use of USD and Euro, with the avoidance of FX leakage.
• Monitor outbound payment volume trends by counterparty, country and region, reporting any major fluctuations to relevant stakeholders.
• Monitor charge type data for outbound payments (BEN, OUR etc) and negotiate pricing terms accordingly
• Remain up to date with all latest industry and product developments
• Managing the annual KYC update and for all Nostro accounts, attending compliance meetings and call, filling and reviewing the related documents.
• Review client dossiers to ensure capture current and future needs, identify and respond to customers’ requirements to ensure complaints are resolved within agreed turnaround times (TATs) to build and maintain long-term relationships.
• Offer existing clients new solutions, enrol clients for alternate channels and value-added services in order to increase transaction volumes and grow the assigned portfolio.
• Conduct client visits, understand and report on risk profile and highlight/update approving authorities with any changes in order to enable necessary action to be taken.
• Conduct analysis on clients’ financial health and needs as well as their industries/markets on regular basis in order to identify lending, selling, and cross-selling opportunities and improve the Bank’s profitability.
• Conduct credit assessments/appraisals and coordinate the processing of approved credit requests for new clients to ensure a quality and timely credit utilisation process.
• Manage self and team in line with the people management policies, procedures, processes and practices to ensure adherence and to maximise own and employee contribution to business performance

Apply via:
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