Trafigura - Banking Operations Role

Job Opening for Global Banking Operations

Company :

Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.

Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Trafigura has achieved substantial growth over recent years, growing revenue from USD 12 billion in 2003 to USD 231 billion in 2021. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.

Trafigura Global Services (TGS) is the fully owned subsidiary of Trafigura, a Global In-House Delivery Center, set-up for aggregating Middle and Back office functions critical to support our trading life cycle. The entity has 600+ employees, adopts best in class technology and practices enabling operations across Europe, Africa, Middle East and Asia-Pacific.

You can find out more about us on www.trafigura.com and our Mumbai office on www.trafigura.com/mumbai

Main Purpose :

- Reporting to the Manager - Global Banking Ops & Customer Due Diligence, the successful applicant will work with team members based in Mumbai, as well as internal colleagues worldwide, to manage the Bank Accounts for all the Group companies.

- The core duties are the timely receipt and response to incoming request from internal departments to open / close / update the bank account. To handle end-to-end process from liaising with bank till the account set-up or removal from internal systems and e-banking platforms.

- The successful applicant will work closely with the various internal teams (company secretarial / Legal / Compliance / Finance) to collate the relevant information required by the banks to on-board Trafigura group companies and liaising on a daily basis with other group employees across the globe.

Knowledge, Skills and Abilities :

- The ideal candidate will have at least 3 to 5 years of relevant work experience in a similar role in a Banking Officer, who can assist in Bank Accounts Opening / Closing / Maintenance for Group companies by liaising with various banks worldwide. He / She will also be responsible for recording the same on different systems internally with e-banking portals and managing access to the same.

- Familiarity with the Banking knowledge and operations of the bank account via SWIFT services as well as standard requirements of Banks in the global regulatory environment

- Demonstrable ability to work in a fast-paced commercial environment, ideally in a global environment with colleagues based worldwide.

- Being respectful for confidential information

- Ability to deal with timing pressure

- Ability to work independently and to self-manage a busy workload of changing priorities.

- A practical, 'Can do' attitude and ability to produce quick solutions is essential.

- Fluent English, both written and spoken, is required; other European languages are desirable but not essential

- Familiarity with online applications and databases is desirable but not essential

- Familiarity with standard MS Office computer software and using online resources is essential

- Excellent oral and written communication skills are essential

- Energetic, dynamic and enthusiastic personality

Key Responsibilities :

- Ownership of the administration and management of all Bank Account requests from internal departments.

- Liaising with and supporting internal group functions (including Global Banking and treasury) as well as Banks.

- To handle documentation for account opening / closing / update requests from banks and ensuring the accuracy and collating signatures accordingly

- Maintenance and updating secure online documentation database

- Maintaining accurate and proper records and overseeing document and record management and other administrative processes

- Understand data structure, data interfaces and how data flows and transforms from source systems to the downstream systems

- Regulations are in constant evolution, banks and commercial counterparties, globally, have to adjust periodically their documents accordingly.

- In particular banks must have at any time and throughout the business relationship updated information on the accounts holder in order to comply with the applicable laws, rules and regulations and in particular, but not only, the ones related to prevention of money laundering.

- This is a tedious and time-consuming process, requiring 'think out of the box' attitude.

- The Team has to communicate any changes via Trafigura secured database (e.g. directorship/ shareholding / constitutional documents/company sale, etc.)

Department :

Master Data Management :

- The KYC Officer will be part of the Global Banking Ops & Customer Due Diligence team under Master Data Management department for the group.

- The team is responsible maintain Banking Relationship worldwide by coordinating the group's bank account opening/closing and maintenance processes and taking care of incoming KYC requests from various Counterparties / Banks for various group companies across the globe.

Equal Opportunity Employer :

We are an Equal Opportunity Employer and take pride in a diverse workforce. We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.