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This position will be the Global Lead for the Transaction Approval Group (TAG) based out of Tampa Florida.   They will manage and coordinate all TAG related functions across all timezones and support the business as it relates to transaction processing for payments.  They will report to the Global Utlities lead in Wholesale Payment Operations.
They will have a key role in supporting Credit, Product, Operations, Technology, and the Servicing teams ensure that the client experience as it relates to speed of payments and release of payments meets the needs of the clients. The role requires very extensive networking with Credit and Product to understand the conflicts in Credit and Product set ups that will cause payments to suspend and require some actions to release.
The team performs the following functions:
• Manage cash payment and securities cash payments monitoring/approval function that affects and controls credit exposure within a fast-paced environment.
• Manage intraday credit exposures for a portfolio of clients and WSS/TS products that span various currencies and settlement requirements.
• Apply sound operational and credit risk management principles, judgment, research and investigation to support process and to manage credit exposures/ decision approvals within respective approval authority.
• Understand and support operational control and regulatory reporting requirements (including Reg O, Reg W and client money accounts).
• Monitor and approve intraday cash payment transactions.
• Engage Client Service to interact with their clients to determine appropriate funding for shortfalls.
• Monitor, acknowledge and approve overnight overdraft exposures.
• Inform Client Service about aged overdrafts (and priority of aged ODs) requiring their attention.
• Refer payments and securities transactions over allowed credit approval authority to the appropriate Credit Officer; provide Credit Officer with decision criteria information to enable an appropriate and timely Credit approval.
• Work with Operations and Client Services to manage priority payments, fail payments, mark payments hold for cover and ensure payments are actioned by cut-off times; Inform Client Services about held or failed payments impacting their clients
• Support the Global Treasury Money Desk on the end of day settlement process including FED wire payment extensions.
• Coordinate with Operations to action all payments by end of day to enable branch closure. [USA, EMEA, Canada and Mexico]
• Work with peers and managers to ensure proper skilling and preparation to support resiliency plan.
• Inform aligned Product Risk Managers about client portfolio activity, issues and provide line sizing recommendations.
• Engage Credit Middle Office to address data linking issues that are uncovered through daily approval function.
• Engage in other Data Quality Review and Remediation efforts with various groups.
• Liaise with key stakeholders including Credit, Relationship Managers, Product Management and Operations regarding client credit limits/arrangement recommendations to support clients' activities.
• Actively participate in client and country crisis management risk mitigation actions including Rapid Exposure Drills (RED) with Credit and Relationship Managers.
• Engage as a subject matter expert for payment systems and processes.
• Participate in projects that relate to TAG core functions as requested by management (e.g. Assist with the development of the Global Funds Control (GFC), Exposure Control Module (ECM), TAS-O, and any other systems that function with credit controls).
This manager will need to establish performance metrics and strong controls to ensure high performance and risk free environment.  The will also be required to develop strong monthly reporting for the executive teams across multiple product and line of business partnerships.
RequisitionType Professional JobSchedule Full time