Summary of the position:
- Processing trade commodities transactions for TCF Hong Kong and an assigned portfolio of TCF Singapore customers
- First check and/or counter-check import/export LC documents
Main Responsibilities:
Manage Operational risk
Ensure transactions are processed:
- Within acceptable technical risks and in compliance with bank's rules and operation procedures
- In conformity with conditions of tuc
- 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 same day processing
- 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 TUC
- Monitor payment/acceptance of import/export bills and ensure notice of refusal are sent within time allowed in UCP
- Ensure data and accounting entry input into BO system are accurate
- Perform compliance check and vessel screening
- Assist with ad hoc duties as assigned
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.
Requirements:
- Bachelor Degree holder
- Minimum 3 years of Commodity Trade Finance experience
- Strong understanding of trade finance products and banking processes
- Well versed in UCP600, ISBP, ISP, Incoterms
- CDCS certification will be preferred
- Attention to details
