Bank DGO Associate (Trade Documentation & Guarantees)

Responsibilities:

Summary of the position:

• Processing/validate SG/HK/AUS trade commodities transactions (import letter of credit issuance, financing, guarantee issuance, export letter of credit advising, payment)
• Vetting of LC text and assist client in any queries related to their transactions
• Perform document checking for both import/export LC documents
• Perform price reasonable checks on commodity goods

Or

• Acting as a liaison officer liaising with the processing center and coordinate with internal and external client related to all trade related transactions

Main responsibilities:

• Ensure Back-Office processing of transactions and manage Operational

• -risk within acceptable technical risks and in compliance with bank's rules and operation procedures
• -inconformity with conditions of transaction details
• -timely and accurately in relevant systems with correct data and posting of entries to P&L accounts
• -timely and accurately in all life events including payment, funding and resolution of suspense items

• Provide good customer services by maintaining good relationship with external and internal parties
• Business Continuity

• -provide effective back-up for the team

• -work closely with other TCF teams wherever necessary

Main duties details:

• First check and/or counter-check import/export LC documents according to UCP600
• Review customer applications and clarify with customers on ambiguous terms, if any
• Ensure transactions are processed in conformity with transaction details
• Monitor payment/acceptance of import/export bills and ensure notice of refusal are sent within time allowed as per documentation
• Ensure data and accounting entry input into BO system are accurate
• Perform compliance check and vessel screening

Legal and Regulatory Responsibilities:

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Singapore Compliance manual and Compliance policies and procedures as issued from time to time Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer/Compliance Officer.
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.

Secondary duties:

• Other duties as and when may be assigned by Dept Head

Requirements:

• Minimum 5 years of Commodity Trade Finance experience
• Relevant experience in handling documentation and guarantees
• Well versed in UCP600, ISBP, ISP, Incoterms
• CDCS certification will be preferred