Assistant Manager, Banking Operations (Agency & Security Trustee / Legal Operations / Policies and Procedures / business syndications) – Cairo Egypt

Assistant Manager, Banking Operations (Agency & Security Trustee / Legal Operations / Policies and Procedures / business syndications) – Cairo Egypt CA Global Headhunters has been retained by the Afreximbank based in Cairo, Egypt to recruit for 13 middle management positions. For more information on the Afreximbank please visit their website www.afreximbank.com. Should you meet the minimum requirements and wish to apply for the position please apply directly to CA Global Headhunters. Responsibilities: The role of the position holder will be to provide legal, agency and security trust support for the Bank's syndicated lending activities. The job holder assists in the implementation of laid out policies and procedures for this function. Facility Agency & Administration • Assisting with opening of bank accounts for receipt of all funds related to the facility and making the funds available to the borrower as per agreed terms and conditions; • Supporting the process of on-boarding new transactions through the required procedures including KYC, setting up of Agency systems, welcome letters to syndicate members and all other required documentation; • Monitoring of accounts and ensuring that all principal and interest payments are made as required and distributed to the respective lenders accordingly; • Checking the validity of confirmed copies of legal documentation to identify compliance and reporting obligations required for monitoring through the life of the facility and ensuring full loan covenant compliance and that all terms and conditions of the respective deals are adhered to; • Processing all requests for amendments and waivers and where required, taking part in the discussions surrounding the appropriate structures and information required with the borrower for presentation to the Banks; • Monitoring of loan covenants, implementation of structure and detection of possible events that may lead to default; • Assisting in communicating to all borrowers and lenders confirming completion of Condition Precedents; • Assisting in the coordination of interactions with other parties such as Treasury, Origination, other Banks, Technical Advisers, Insurance, Collateral Managers, Lawyers and Loan Administration regarding the facility; • Administration of payment and settlement issues including ensuring that borrowers adhere to billing and repayment procedures and where there are defaults, that sanctions are implemented quickly, as well as in the preparation of redemption statements; • Assisting in the management of all secondary trades and the receipt of transfer certificates; • Coordination of receipt and payment of invoices for all professionals on the team (lawyers, Valuers, Technical Advisers etc.); Security Agency • Checking to see that all security documents are provided in accordance with agreed terms; have been properly perfected; have been duly received; are properly filed; retrieved appropriately and returned to the borrower at the expiry of the facility; • Maintenance and monitoring of the loan security and periodic reporting as required under the Bank’s policies; • In case of default, assisting in the implementation of enforcement as required under the Bank’s policies and procedures and in accordance with instructions from majority Lenders; • On expiration or cancellation of a facility, ensure that all outstanding amounts of principal, interest and fees are claimed and settled and that any security is released and this information communicated to all parties; Trustee • As trustee, support the process of ensuring that all required processes to ensure independence of action and impartiality in treatment of all parties to the syndication, the holding of security, the implementation of all inflexible terms, covenants, waivers and modifications as the case may be. Requirements: Qualification and Skill • Bachelor’s degree in Law is preferred. However, a relevant degree in other related areas such as Business Administration, Banking, Finance or related subject from a recognized University are acceptable in addition to a post-graduate degree in a related area A professional qualification in a field considered relevant to the job requirements, backed up by appropriate banking experience may be considered in lieu of a post graduate degree; • Sound syndications experience of at least 5 years with a reputable banking organization or a law firm handling trade finance and syndicated deals; • Ability to communicate and function in a culturally diverse and change oriented setting with good knowledge of banking practices in Africa; • Ability to interact with senior officials of banks, corporates and governments; • Excellent verbal and written communication skills in English. Knowledge of the Bank's other working languages is an added advantage (French, Arabic and Portuguese); • Proven experience in trade finance and syndicated legal processes and back office operations. The candidate must demonstrate experience and knowledge of managing back office operations for syndications in a fairly complex banking environment with proven knowledge and understanding of legal documentation and security trust responsibilities as well as knowledge of LMA guidelines on Agency Practices and best market practice; • Demonstrated leadership capabilities, including ability to organize and manage human resources to attain goals. If you wish to apply for the position please send your CV to Danelle le Roux: danelle@caglobalint.com. Please visit www.banking-recruitment-jobs.com / www.ca-finance.com for more exciting opportunities. Danelle le Roux Senior Banking and Financial Recruiter & Executive Search Specialist: Africa CA Banking, Insurance & Finance is a division of the CA Global Group If you have not had any response in two weeks, please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.