Head, Commodities

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Head of the Commodities & Receivables Assurance team will have dual responibility for two functional teams.

The first being the Physical Commodity Management and Assurance team (PCMA) within the Commodity Transaction Management Unit. Responsible owner of the framework for management of physical commodity collateral and commodity finance transactions, to support effective risk management and good client service for the commodity financing business.

The second being the Receivables Due Dilligence Assurance team (RDDA) within the Receivables Services Middle Office (a part of the broader CTMU function). Responsible owner of the RDD framework for the initial and periodic review of both seller and their buyer’s business model and performance during an Receivables facility lifecycle to assess and respond to Credit and Fraud risks.

Strategy

• Responsible for developing the Group’s framework for the management of physical commodities collateral and ownership exposure, to support delivery of the business strategy and deploy world class standards.
• Responsible for developing the Group’s framework for the risk assessment of receivables due diligence to identify and assess fraud and credit risks, whilst being pragmatic and maintaining a market leading approach

Business

• Accountable for supporting front office teams across FM and TB, acting as a trusted advisor, to ensure appropriate structuring of commodity financing, ownership and hedging facilities in regard to storage, transport and quality considerations.
• Accountable for supporting the front-line sales and Receivables product teams deliver business strategy via the execution of the RDD process to ensure RS facilities are appropriately assessed and accountable for providing credit and fraud risk stakeholders intelligence and escallations

Processes

• Responsible for adherence to the Physical Commodity Management and Assurance Procedure derived from the Credit Risk Mitigation - Physical Collateral Standards including delegated authorities. Obtain approval of annual refresh of said PCMA Procedure.
• Own and take responsibility for updating the PCMA DOI and ensuring PCMA team’s adherence to it.
• Accountable for building depth of expertise in physical commodity management in storage and logistics across Energy, Agriculture and Metals and Minerals commodity classes.
• Responsible for identification, empanelment and on-boarding of collateral managers, warehouses, tank farms, logistics firms.
• Responsible for risk grading, limit setting and approving, monitoring and management of exposure to collateral managers, logistics providers and storage facilities.
• Accountable for building strong relationships with collateral managers, warehouses firms, inspection companies and other storage and related service providers.
• Responsible for risk assessment and due diligence on collateral managers including off-site visits to warehouses and other storage facilities.
• Responsible for ensuring that the portfolio of physical commodity management arrangements appropriately manage collateral risk and can be effectively managed and monitored.
• Manage responsibly the department inspection travel budget and expenses, ensure expenses keep within budgets while supporting business growth requirement.
• Account to ensure PCMA team’s travel adheres to Group policy and approve team’s expenses in accordance with policy guidelines.
• Responsible to lead the development of the RDD procedure in terms of design and content and seek alignment from product and risk owners.
• Responsible to manage, lead, inspire, and motivate the RDDA team to adapt and adopt through the current and ongoing redesign process to ensure standards are maintained and risks are controlled.
• Own and take responsibility for the RDD DOI and ensuring the RDDA teams’ adherence to it
• Accountable for ensuring the RDDA team has the knowledge and skills to correctly complete RDD reports in accordance with DOI and the ongoing development and retention of skilled operators.
• Responsible for reviewing RDD reports, to assess and maintain quality of information provided therein and augment commentary and to sign off in absence of a Regional Lead
• Lead collaboration with Central Product team to ensure RDD reports, and process remain client-friendly, and risk focused and do not position SCB’s approach as behind market standards and practices.
• Responsible for maintaining effective relationships with Credit and Fraud risk owners and for developing these relationships to continually ensure adaptation to current thinking and experiences across these two risks
• Accountable for ensuring any queries the team may have with specific RDD cases are addressed or referred/escalated to the most appropriate risk owner or stakeholder group
• Responsible for assisting achievement of business revenue growth by streamlining processes and ensuring turnaround times are minimised in a risk balanced way, specifically with new buyer onboarding as an example of impact

People & Talent

• Accountable to lead, engage and motivate a team of professionals.
• Responsible to manage FTE requirements ensuring adequate resources are always available to handle BAU volumes while anticipating new requirements.
• Responsible for developing training plans and personal development plans for self and the team that will capture relevant technical and practical skills for their roles and to keep pace with development of the markets and risks associated with each teams’ roles.
• Responsible to identify team leaders and potential leaders within the team and put succession plans in place and explore the gathering of critical experiences for those identified.
• Responsible to develop and lead a culture within the team to identify process efficiencies to provide better client service and risk management.
• Develop and increase the profile of the team with internal and external stakeholders in the region.
• Able to handle staff issues with maturity and care

Risk Management
• Responsible for developing an active dialogue with Credit, Fraud and Operational Risk colleagues around market developments and any emerging collateral issues within the portfolios under PCMA and/or RDDA remit.
• Regular contact with Business stakeholders to ensure better understanding of client’s business, collateral management, and commodity and/or receivables markets.
• Achieve a robust operational risk structure by adhering to CSTs and updating of relevant process universe.
• Work with Legal to ensure title and security documents, including contracts are effective.
• Responsible to develop and maintain an effective relationship with RSMO and CTMU teams and RDDA and PCMA

Governance
• Account to ensure PCMA and RDDA Procedure and DOI aligns with all Group policies and standards.
• Responsible to ensure governance requirements as outlined in the Procedure and DOI are met.

• Degree preferred
• Knowledge of commodities (physical and financial), especially Exchange requirements and quality Advanced
• Strong leadership skills Advanced
• Microsoft 365 suite Core
  

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Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
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In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.