Trade Operations Specialist

4 weeks ago


Singapore United Overseas Bank Full time
Trade Operations Specialist

At United Overseas Bank, we are seeking a skilled Trade Operations Specialist to join our Group Technology and Operations team. As a key member of our team, you will be responsible for ensuring the smooth execution of trade operations, including reviewing terms of letters of credit, contracts, and documents to ensure deal self-liquidation. You will also perform price checks, vessel checks, and mark-to-market of collaterals and FX currencies, working within bank limits, counterparty limits, and debtor limits. Additionally, you will monitor vessel routes, vessel arrival, and serve notice to disport agents where necessary. Your strong analytical and problem-solving skills will be essential in reviewing matchlists and discrepancies, adhering to bank policies, guidelines, regulatory, and AML/CFT procedures, and timely and accurate delivery in accordance with Service Level Agreements. If you have a sound knowledge of UCP, ISBP, URC URR, ISP, URDG, MAS/ABS Guidelines, and experience in all areas of international trade, we encourage you to apply.

Key Responsibilities:
  • Review terms of LC, contracts, documents to ensure deal can be self-liquidated.
  • Perform price check, vessel check, mark-to-market of collaterals & FX currencies and work within bank limits, counterparty limits and debtor limits.
  • Monitor vessel routes, vessel arrival and to serve notice to disport agent where necessary.
  • Follow-up with customers to secure and ensure timeliness of receipt of sales proceeds
  • Review matchlists and discrepancies.
  • Adhere to bank's policies, guidelines, regulatory & AML/CFT procedures
  • Timely and accurate delivery in accordance to Service Level Agreement

Requirements:
  • Sound knowledge of UCP, ISBP, URC URR, ISP, URDG, MAS/ABS Guidelines and experience in all areas of international trade
  • Minimum 5 to 8 years of Trade Operations/ Middle Office background. Familiar with banking regulations and AML/CFT policies.
  • Trade product knowledge
  • Proficient in excel & macro, tech savvy
  • Strong analytical and problem-solving skills
  • Meticulous and strong follow-up skills
  • Able to work independently and strong teamwork
  • Inquisitive & positive learning attitude


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