Trade Finance Operations, Singapore

Job Purpose & Objectives

• Working in Singapore Operations which cover Trade Finance, Loans, Guarantees and to a small extent Remittances.

Key Responsibilities

• To monitor and control customer trade and loan transaction documentation review and minimize the error rate
• To review and manage bank's credit facility required documentation
• To review and control customer loan documentation and escalate any non-compliance case
• To review and control the credit facility and limit usage
• To monitor end-to-end work flow to ensure all transactions are promptly processed to maintain the high service quality
• To monitor and control the bank and regulatory policy/ regulations are properly complied with
• To monitor and control the implementation of international and domestic anti-money laundering checks
• To prepare local regulatory reports; internal and other ad hoc reports
• To scan/ email Trade Finance documents
• Processing of trade finance loans, Letter of Credit, Guarantees
• Arrange funding for loan drawdown and rollover
• Check the setup / create customer record in Midas and input authorized signatories/ directors/ beneficiary owners where necessary.
• Download of Swift AMH messages
• Follow-up unreconciled Nostro items with counterparties
• Review of Midas systems transactions and reconciliations

Qualification & Experience

• 6 – 8 years hands-on experience in Trade Finance & Loan Administration or Guarantees
• Bachelor Degree or Diploma in Banking/ Business Administration / International Trade / Finance or similar

Knowledge & Skills

• UCP600 & ISBP knowledge required.
• Able to handle full set of Import/Export documents including LC and all related document checking, financing, discounting, advising, collection, SBLC, etc
• Good knowledge and familiar with Singapore banking regulations, reporting system and banking practices
• PC skills – words & excel skills are essential

Language

• Fluency in written and spoken English. Ability to converse in Mandarin preferred.

Other Skills (e.g. Interpersonal, Communication etc)

• Strong interpersonal and communication skills
• Customer-oriented
• Well-organized and meticulous
• Ability to work in a mutli-cultural environment
• Ability to work independently, self-motivated and be a team player
• Ability to work under pressure