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Treasury Trade Finance COE manager

AT GE Vernova
GE Vernova

Treasury Trade Finance COE manager

Budapest, Hungary

Job Description Summary

Responsible for Bank relations and for primary relationship between Treasury and GE business units, as well as across Treasury functional teams. Has knowledge of best practices and how own area integrates with others; is aware of the competition and the factors that differentiate them in the market

Job Description

This position in the Treasury Team is part of the GE Vernova Trade Finance Center of Excellence (COE).

GE Vernova Trade Finance COE is a team of skilled knowledge workers whose mission is to provide the organization their competencies and the resources for best practices around Trade Finance.

GE Vernova Trade Finance COE works cross multi-businesses and provides support to them during the tender phase in the detection of risks on both contract and trade finance instrument's wording and in recommending proper mitigations. GE Vernova Trade Finance COE is responsible for the validation of the completeness and the accuracy of the requests of trade finance instruments in favor of the customers coming from the Businesses and their compliance with the GE Vernova Trade Finance policy and other applicable regulations.

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Treasury Trade Finance COE manager closely works with GE Vernova HQ Treasury Functions, ensuring decisions are made and in line with overall company policies and objectives on banking partnership, risk triggers and overall systems. He/she also works closely to ITO and OTR functions and provides analysis to GE Vernova businesses CFOs and Senior Finance leaders.

Essential Responsibilities:

  • Support Commercial team by providing recommendations on both contract and trade finance instrument's wording during the tender phase.
  • Responsible for the review and the approval of trade finance instruments on the GE Vernova e-procurement tool (ALOC).
  • Ensure compliance of the trade finance instruments issued on behalf of the Businesses with GE Vernova Trade Finance Policy.
  • Provide training on Trade Finance especially to new ALOC Biz users.
  • Educate Biz on forbidden terms and Policy "no-go" as well as on their mitigation.
  • Provide recommendations for the implementation of ALOC enhancements and support on the relevant testing.
  • Lead BUs to the closure of local credit lines and aged instruments no longer needed.
  • Lead initiatives for the credit capacity optimization and ALOC data quality.
  • Support Internal and External Audit as well as the Controllership team.
  • Prepare trade finance reporting and support treasury reviews with Biz CFOs and Senior Finance Leaders.

Qualifications:

  • Education: Bachelor's or Master's degree in Finance, Business, or related field.
  • Experience: some experience working in global business environment with understanding of global process and transactional flows.

Desired Characteristics:

  • Trade Finance and/or Commercial Finance background.
  • Strong analytical and organizational skills.
  • Excellent communication skills: experience working across multiple levels, functions and regions; able to clearly communicate trade finance technical and legal features in an "easy to understand" manner.
  • Ability to proactively identify innovative ideas to improve and simplify processes.
  • Integrity: Accepting and adhering to high moral, ethical, and personal values in decisions, communications, actions, and when dealing with others.
  • English fluent.

Additional Information

Relocation Assistance Provided: No

Client-provided location(s): Budapest, Hungary; Elbląg, Poland
Job ID: GE_Vernova-41450026
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Mental Health Benefits
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Paid Holidays
    • Personal/Sick Days
    • Summer Fridays
  • Financial and Retirement

    • 401(K)
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Lunch and Learns
    • Leadership Training Program
    • Internship Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Unconscious Bias Training

Company Videos

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