Trade Finance Operations, Singapore
Job Description
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
More Info
Key Skills
About Company
Skills:
SBLC, discounting, UCP600, Import Export documents, Financing, Collection, Pc Skills, ISBP, advising
Skills:
Power Bi, Microsoft Office, LC document checking, Letters Of Credit, Standby Letters of Credit, trade finance transactions, guarantees, Sanctions Screening, Trade Loans, Collections, Bills Discounting
Skills:
Microsoft Excel, Cost management techniques, Project risk management, Work breakdown elements, Accounting Principles, Budgeting, Financial reporting, Cost coding structures, Invoice administration
Skills:
Trade Finance Operations, document checking, Financing, AML CFT requirements, LC issuance, Reconciliations, accounting entries, Reporting