Credit Agricole CIB is the Corporate and Investment Banking arm of the Credit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, 2022).
As the No. 1 retail bank in France, Credit Agricole is the leading financial partner of the French economy and one of the largest retail banks in Europe. Its ambition: to create a world-class European leader in banking and insurance, in accordance with the principles of the United Nations Global Compact.
The Junior Middle Officer – Corporate Banking position is part of the commercial activities of the CACIB Branch based in Brussels for the Benelux zone, relating to Commercial Banking products (Trade & Export Finance, Corporate Loan Facilities, and Cash Management).
The main responsibility of the Middle Office is to ensure the proper execution and follow-up of the commercial transactions of the Branch by acting as an interface between the different concerned contributors:
* CA CIB Belgium clients and counterparts
* CA CIB Belgium Departments: Front Office, Accounting & Finance, Compliance, etc.
* CA CIB other units: Head Office, outsourced Back Office processing units, etc.
The Middle Office reports to the Chief Operating Officer (COO) of the Branch, who is in charge of the Support Functions of the Branch.
Main tasks:
* For the Corporate loans, Trade finance (Guarantees and documentary credit), and cash management products: Interface between CA CIB Belgium local Departments and outsourced Back Offices: execution of branch side checks, preparation and transmission of the orders to the processing centres (based in Paris or in London), follow-up of the outsourced activities, checking of the invoicing, maintaining various operational databases, etc.
* Interface between CA CIB Belgium local Departments and Risks Control / Compliance Departments: checking of the credit authorizations and limits & control of the compliance of the operations against the Financial Security rules.
* Contact person for client requests: answering clients when they have requests/questions regarding their accounts movements, initiation and coordination of investigations in case of a client complaint, production of specific reporting, reply to client audit requests, etc.
* Pre-trade tasks: assistance of the Front Office in case of entry in relation to a new client/counterpart (constitution of the customer files, updates in liaise with Indian platform for periodic reviews (KYC…), creation of the client/counterpart in the counterparts referential, check accounting attributes in operational systems, etc.).
* Follow up and control of the transactions: control of the booking/settlement of the transactions, production of the P&L and control reports.
* Participate in and contribute to head-office organisational change projects. During the initial stage: participate in the decision-making process and ensure that the new...
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