Do you have the ambition to join our growing Commodity team and help further develop our commodity documentation expertise?
As a Paralegal Commodity Trade Finance, you will ensure that facility and security documentation is in place and in line with the approved credit terms for our Commodities clients. Are you the one we’re looking for? Tell us your story. We are curious! If you’re already good, we’ll make you even better. That’s a promise. So seize this opportunity to develop into the professional you aspire to be.
What is the job about?: Your challenge is to issue facility letters (contract between the bank and our clients) in a timely manner and arrange the required security documentation in accordance with the approved credit conditions. Your day at the office? You will draft facility letters and arrange the related security documents in consultation with internal and external legal counsels. You will assist account managers with negotiating terms of such documentation and monitoring the receipt of the compliant documents and other conditions precedent. This contracting team serves as a centre of expertise for security documents used within the bank’s Commodities business. This ensures the consistency and application of best practices that have impact on our Commodities business/products worldwide. You will communicate with the bank’s Legal department and external legal counsels, risk managers, mid-office, account managers and clients.
You will be part of a small international team within the Commodity Risk & Portfolio Management department. You will report to the Head of Risk Management Contracting.
Who are you?: You are a strong team player, you are confident, have a backbone and are self-starting.
Do you think you're a good fit? Check out your profile:
• university education or relevant experience at the required level
• 2-4 years of relevant banking or legal documentation experience
• understanding of the principles of commodity/trade finance, collateral (including title documents, inventory and receivables) and the security structures typical of commodity/trade finance in various jurisdictions
• well organised, accurate and capable of working under pressure
Ladies, This is war!
The purchase was enough to move the entire global cocoa market, sending the price to the highest level since 1977, and triggering rumours and intrigue in the City.
It is unclear which person, or group of traders, was behind the deal, but it was the largest single cocoa trade for 14 years.
US commodities market under attack
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Cadbury gets sales boost from Wispa, chocolate buttonsThe cocoa beans, which are sitting in warehouses either in The Netherlands, Hamburg, or closer to home in London, Liverpool or Humberside is equivalent to the entire supply of the commodity in Europe, and would fill more than five Titanics