Product Clients Support Officer - Rabobank - New York, NY

Our Organization

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, real estate, and renewable energy project financing. Founded over a century ago, Rabobank is one of the largest and safest banks in the world, with nearly $1 trillion in assets and operations in more than 40 countries, and ranks among the highest rated private banks by Standard & Poor’s and Moody’s. Rabobank is a premier bank to the international food and agriculture industry, as well as a leading financier of solar, wind, bioenergy, and energy infrastructure projects.

In the Americas, Rabobank is present in the United States, Argentina, Brazil, Canada, Chile, Mexico, and Paraguay, providing both retail and wholesale banking services as well as real estate and leasing services. The bank’s wholesale banking products focus on these banking areas:

Lending and Credit

Trade and Commodity Finance

Acquisition Finance

Renewable Energy and Infrastructure Finance

Global Client Solutions

Mergers & Acquisitions Advisory

Food & Agribusiness Research and Advisory

Capital Markets

Your Function:
Product Clients Support Officer (PCSO) assists the Front Offices in the pre-closing and closing phase of a transaction. After closing PCSO Support is responsible for monitoring all actions ( excluding credit compliance monitoring ) that are required to maintain the portfolio of transactions. CF Support instructs the loan and trade processing team for booking of transactions in relevant back office systems. CF Support also prepares periodically reports on development of Product Client portfolio and Credit Transfer and Credit Allocations for Branch related office especially for our Trade & Commodity Finance business.

Key Responsibilities and Accountabilities:
Perform administrative duties of CF transactions/books

Input/maintain facilities information in Electronic Term Sheet System (ETS), ensuring accurate information

Coordinate funding with TRG using EFT

Input trades in Kondor for Subs books related to CF

Coordinate/provide booking instructions (ex. Rollovers, Draws/Payments) to the back office (ex. Loan and Trade Departments) if needed

Ensure the timely execution of administrative and funds flows

Reconcile cash inflows/outflows

Review trades to ensure they are booked correctly

Investigate P&L discrepancies with Finance and Loan/Trade Processing Departments

Reconcile commitment & outstanding reports

Responsible for the opening of CIFs and DDAs. Making sure due diligence is performed to satisfy compliance requirements.

Responsible for obtaining credit risk approval for Branch LC transactions and inputting details into ETS for the Trade dept.

Liaise on a daily basis with Credit Dept., Legal Dept., Operational department, COBs department and Compliance to ensure all facilities are monitored properly and updated as needed. Alert FO for any issues not falling within the agreed Credit Agreements.

Reconcile commitment & outstanding reports

Responsible for Closure/Cancellation of facilities

Maintain/update Support procedures

Prepare ad-hoc reports

Prepare Know-Your-Customer

Your Profile:
Qualifications:
Bachelor’s Degree in Finance or Accounting.

Strong analytic and computer skills (Excel), attention to detail.

Minimum 5 years experience in similar functions or related education

Knowledge of credit products, derivatives, swaps, loan structures.

Job Skills and Knowledge:
Strong analytic and spreadsheet skill

Good understanding of loans and trades

Ability to learn and review credit and legal documents

Good Knowledge of back office and accounting process

Ability to work under pressure

Ability to seek additional information/ explanation for clarification when needs

Share information and knowledge appropriately with co-workers

Effective in communicating with others, within the bank and with clients

Ability to seek additional information/ explanation for clarification when needs

Work effectively with colleagues in achieving the Bank’s goals

Demonstrate teamwork in facilitating workflow

Assess daily situations and make sound business decisions

Utilizes internal and external sources to effectively identify and resolve issues

We Offer:
Rabobank New York Branch offers a comprehensive benefits program that is among the finest in the industry featuring:

Medical/Dental/Vision Plans

Defined Contribution (401k) Plan with Employer Match

Paid Vacation based on position and length of service

Life and Disability Insurance

Health and Dependent Care Flexible Spending Plans

Transportation Reimbursement Incentive Plan

Educational Assistance Program

Also offering:
Portable Voluntary Benefits including Pet Insurance

Automobile and Homeowner’s Insurance

Cancer Protection Plan

Legal Insurance Plan

Optional Life and Disability Insurance

Interested?

Candidates who are interested in this role are encouraged to apply directly online including their resume and related documents. If you have any questions, you can email Rachel.Marshalsea@Rabobank.com .