JOB PURPOSE:
- To assist Team Lead /Department Head in the daily running of the Operation Department.
- To supervise the Operations team to conduct Trade AML and Trade transactions.
- To ensure that work is diligently completed according to schedule and operations requirements.
- To perform stringent checks on work done by subordinates and to ensure operations run smoothly.
- To report any irregularities transaction to the Team Lead / Department Head.
- To carry out any other duties that may be assigned by the superior from time to time.
PRINCIPAL RESPONSIBILITIES:
Import Trade related Transactions (LC Issuance, Amendment, Shipping/ Bank Guarantee /SBLC and Import Document checking, Collections, Invoice Financing and TR Loan transactions etc)
- Processing/ authorized LC Issuance / Amendment transactions.
- Processing/ authorized shipping guarantee, bank guarantee and SBLC transactions.
- Processing/ examine Import document and collection document (DA/DP).
- Processing/ authorized acceptance for usance import document and DA transaction.
- Processing/ authorized Invoice Financing and DA, DP finance.
- Processing/ authorized payment for import document, collection document (DA/DP) and Invoice financing transactions etc.
- Ensure that all applications / transactions are in strict compliance with approved terms and conditions.
Export Trade-related Transactions (LC Advising, LC Confirmation and Export Document checking, Forfaiting, OA Loan transactions etc)
- Processing/ authorized LC Advising / LC Confirmation transactions.
- Processing/ examine Export document and collection document (DA/DP).
- Processing/ authorized export OA, DA, DP finance.
- Processing/ authorized acceptance for export document and DA transactions.
- Processing/ authorized payment for export document, collection document (DA/DP) and OA Loan etc.
- Processing/ authorized factoring transactions.
Financial Institutions related Transactions (Trade Loan, Reimbursement Finance, Unfunded Risk Participation and Funded Risk Participation etc)
- Processing/ authorized trade loan, reimbursement finance and funded risk participation drawdown, rollover and repayment transactions.
- Processing/ authorized unfunded risk participation transaction and collect fee.
- Processing/ authorized outward remittance transactions of trade loan and Financial Institutions related transactions.
- To monitor overdue transaction for all trade and Financial Institutions transactions and inform Team Head/ Head of Department /RM if transaction is not settled on due date.
- Check weekly trade bills reports and monthly trade finance outstanding report.
- Liaise with customer, RM on Trade related matters.
- Participate related projects of Trade and AML including system enhance/UAT and establish new product.
- Assist Team Head/Department Head to review relate P&P and working manuals of Trade and AML.
Anti-Money Laundering (AML)
- Perform AML name screening checks for trade and Financial Institutions transactions according to the Guideline/Manual on Managing Trade-Based Money Laundering and Terrorist Financing Risks.
- Obtain appropriate approval from Compliance for transactions involving FATF/OFAC sanctioned countries.
- Manage Trade AML/CFT queries from internal stakeholders.
- Perform AML assessment via AML System on all trade finance transactions and related SWIFT messages.
KEY COMPETENCIES:
- Good knowledge of UCP600, URC522, ISP98 and ISBP.
- Working knowledge of SWIFT Alliance operations.
- Sound awareness on Prevention of Money Laundering /Terrorist Financing.
- Good understanding of operational risk issues.
- Good interpersonal communication skills.
- PC skills in Microsoft Word, Excel.
- Diploma /Degree holder with a minimum of 5 years of relevant operational banking experience.
