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3,000 SGD 5,000 SGD
Trading Firm
Our client is an MNC chemical trading company in Singapore. They are looking to expand the team and are hiring a Risk Management & Trade Compliance Senior Executive
The role plays a critical role in safeguarding the organisation from financial, operational, and reputational risks while ensuring all business activities comply with local and international trade regulations. This executive will work cross-functionally to identify, assess, and mitigate risks, as well as implement and monitor compliance programs that adhere to applicable laws and industry standards.
Responsibilities
A. Credit Risk Management
- Perform fundamental credit risk analysis on customers and counterparties, including financial statement analysis and creditworthiness assessments.
- Monitor market, regulatory, macroeconomic, and political developments, as well as company performance, to assess potential impacts on counterparty credit quality.
- Upload and maintain counterparty analyses and latest financial statements in internal credit rating and risk assessment systems.
- Provide independent recommendations to the Credit Manager and Management on customer credit approvals, renewals, or rejections.
- Propose and implement appropriate risk mitigation measures, including trade insurance coverage, collateral structures, and negotiation with insurance providers.
- Review and analyse transactions to ensure they are within approved credit limits and aligned with management approvals.
- Prepare and distribute daily reports on overdue receivables, limit breaches, and policy violations.
- Ensure consistency and integrity of credit approvals, methodologies, and adherence to internal risk management policies and procedures.
- Work closely with commercial managers and business teams to assess transaction risks and proactively identify potential risk exposures.
B. Trade Compliance
- Monitor and ensure strict compliance with customs regulations, import/export controls, sanctions, and trade-related requirements imposed by relevant governmental authorities.
- Support and implement the migration and ongoing enhancement of the organisation's trade compliance platform or systems.
- Ensure compliance with all applicable local and international trade laws, including export controls, embargoes, and sanctions regimes.
- Conduct regular internal audits and compliance reviews to assess adherence by departments and employees.
- Develop a strong understanding of the organisation's business operations to identify potential red flags and prevent customs or trade compliance violations.
- Provide guidance, training, and awareness programmes to staff on risk management and trade compliance matters.
- Act as the primary liaison with regulatory authorities, external auditors, insurers, and other relevant stakeholders on risk and trade compliance matters.
- Investigate, document, and report compliance breaches or incidents, ensuring timely implementation of corrective and preventive actions.
- Stay abreast of changes in relevant legislation, regulations, and industry best practices, and advise management on necessary updates or improvements.
C. Other Ad-Hoc Responsibilities (not limited to):
- Provide backup support for IT systems and related operational processes.
- Support Corporate Secretarial and governance-related matters as required.
- Assist in the implementation, testing, and maintenance of the Business Continuity Plan (BCP) and Business Continuity Management (BCM) initiatives.
Requirements & Preferences
(Must)
- Diploma in Business, Finance, Law, or a similar field
- 3 to 5 years of risk management and trade compliance experience working in the trading/commodities industry
- Excellent communication in English and Mandarin to liaise with English and Mandarin-speaking counterparts
- Strong accuracy of reports and able to multitask in fast paced environment (trading industry)
- Strong knowledge of international trade regulations, including US OFAC sanction regulations.
- Excellent analytical, problem-solving, and communication skills.
- Comfortable working as a sole contributor while being proactive and collaborative with other departments
- Basic experience in IT systems and support
(Advantageous)
- Bachelor's Degree in Business, Finance, or Law
- Experience working in a Japanese company would be ideal
- Able to start in February of 2026
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What you will receive
- AWS
- Variable Bonus (Depends on Company & Individual Performance)
- Annual Leave: 14 days
- Medical Leave: 14 days
- Medical Insurance
0900 1745
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As one of the leading Japanese Recruitment Agencies in Singapore, Reeracoen Singapore offers professional recruitment solutions extending across temporary, contract, permanent and outsourcing to the Singapore workforce. We take pride in our solutions provided to our business partners, assisting not only job seekers in finding suitable employment but also supporting business enterprises in talent acquisition.
Job ID: 140606767
