Trade Finance Operations

3 weeks ago


Singapore Recruit Avenue Full time

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 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.
  • 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 relate projects of Trade and AML including system enhance/UAT.
    • 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.

REQUIREMENTS:

  • 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 inter-personal communication skills.
  • PC skills in Microsoft Word, Excel.
  • Diploma /Degree holder with minimum 1 year of relevant operational banking experience.

EA License Number: 23C1935 | EA Personnel Number: R1551292



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