Deputy Head of Department

1 month ago


Singapore The Bank of East Asia, Limited Full time

Job Summary

The Deputy Head of Department is a key role within our Trade & Loan Services Department at The Bank of East Asia, Limited. This position requires a seasoned professional with a strong background in middle / back-office operations, particularly in Commodity Trade Financing banks.

Responsibilities

  • Assist the HOD in overseeing and supervising the Trade & Loan Services Department to achieve the objectives set by the Branch.
  • Responsibility spans all aspects of operations, including Trade Finance, Remittances, Loan, and Correspondent Banking.
  • Collaborate with the HOD in setting strategic directions for the department, focusing on compliance, risk, and operations.
  • Assist in implementing policies and periodic review of departmental policies and guidelines.
  • Enhance and increase productivity through automation and streamlining of workflows & processes.
  • Study and recommend new trade & loan related products and services, working with business units on delivery.
  • Ensure full compliance with regulations, guidelines, rules, codes, and standards under the department.
  • Implement the Enterprise Risk Management Framework of the Bank.
  • Review and implement best practices for expense reduction and contribute to the overall cost reduction of the Branch.
  • Assist in reviewing the department's organisational structure and staff duties periodically.
  • Identify and groom talented staff for managerial positions and succession planning.
  • Motivate and develop high-performing teams within the department.
  • Review staff performance and arrange for internal cross-training to improve work performances, morale, and motivations.
  • Stay updated on new developments in trade finance / loan, including technology, fintech issues, and assess their impact on Operations.
  • Maintain close contact with agent banks offering clearing services and Forfaiting agent banks.
  • Assist in overseeing and supervising Business Continuity Planning and the Business Recovery Officer and Deputy Business Recovery Officer for the Department.


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