Cargill Settlement Specialist in Moscow, Russia
Cargill provides food, agriculture, financial and industrial products and services to the world. Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. We have 150,000 employees in 70 countries who are committed to feeding the world in a responsible way, reducing environmental impact and improving the communities where we live and work.
This position will be responsible for all operational aspects related to assigned trade finance transactions. Responsibilities are to execute and coordinate document preparation, confirm trades, arrange bank payments, create/ endorse/ deliver assets, monitor positions, maintain transaction files, facilitate work process improvements and optimize operating efficiencies. The position works closely with traders, internal and external counterparties. Assuring compliance with TSF/Cargill guidelines; monitoring and maintaining the highest levels of internal control while providing top quality service to TSF's customers on a global basis is required.
Deal Settlement: 80%
Perform trade settlement of transactions and administration (back-office) of deals according to product or structure requirements, policies and standard operating procedures.
Ensure proper approvals and limits are in place.
Prepare required documentation based on templates (trade confirmations, financing agreements, LC formats, etc.)
Coordinate the negotiation of documentation with counter-parties in dual languages (English and Russian), Be able to understand the drivers of the changes requested and to communicate such drivers internally in line with internal approval process, Be able to further explain and articulate our position to the counterparty as required.
Coordinate with counter-parties and internally on the timing of funding and issuance of instruments (letters of credit, stand-by letters of credits, guarantees)
Perform second review and verification of trades (system input, limits, approvals), documentation (trade details and use of approved template/variation) and cash payments (amounts, dates, bank details) prepared by peer colleagues.
-Provide back-up for other team members for handling business volume spikes and during their absence.
Product Knowledge: 15%
Develop a thorough understanding of relevant TSF structures including key risks and controls associated with each structure. Ensure complete understanding of transaction specifics, including data integrity, documentation, and settlement processes as well as the attributes of the relevant market and geography.
Project work and process improvements initiatives: 5%
Facilitate work process improvements through idea generation, applying knowledge of business and collaboration with local team as well as peers in other offices to streamline and standardize operations processes. Participate in working groups and projects as required.
Bachelor's degree in Business Administration/Finance or min 4 yrs relevant business experience
3 years of financial industry, operations, accounting, or trade execution/forwarding experience
An eagerness to learn with ability to understand complex financial transactions
Interest and curiosity to work in an ever-changing business environment is essential
Strong attention to detail, thoroughness and accuracy in work
Excellent oral and written communication in Russian and English – able to communicate effective with people at all levels
Ability to perform well under pressure, managing multiple and changing priorities to meet deadlines
Strong analytical and problem solving skills
Flexibility to work occasionally long hours to handle spikes in business volume and to support global operations
Strong computer skills, including good knowledge of Excel and Word
Min 2 years experience in forwarding, documentary LC operations, banking or financial operations
Experience in negotiating of financial documentation, including documentary credits, guarantees, loan facilities, etc.
Knowledge of financial instruments and financial calculations.
Understanding of FX and interest rate risks.
Primary Location Russia-MOW-Moscow
Job Type Standard
Shift Day Job
Req ID: MOS00206