
Senior Trade Finance Executive
1 week ago
**Client**: Commodities Trading Firm
**THE ROLE**
Liaise and negotiate with banks on all matters related to account opening/maintenance, KYC, facility structures, credit limits and security arrangements
Develop new and maintain existing banking relationships
Independently handle all documents and processes related to import and export letters of credit (LC), ensuring compliance with banks’ terms, conditions and other requirements
Follow up with LC advising and negotiate with banks on the flow of documents, issuing bank acceptances, discounting, and prompt credit of export LC receipts
Continuous review and improvement on internal trade systems, processes and standard operating procedures in line with prevailing market practises
Close liaison with respective business units in allocation of facility utilization and maintenance of facility report, ensuring that proper documentation and records for each business transaction
Maintain daily updates of trade summary, able to present key risks and corresponding mitigants to trade structures and transactions clearly
Undertake additional functions and duties where required
**REQUIREMENTS**
Bachelor’s degree in Banking/ Finance or equivalent
3 to 6 years of relevant working experience in a trade finance environment, preferably in commodities trading industry
- coal and soft commodities (soya bean)
Proficiency in UCP, Incoterms, as well as trade legal knowledge to manage and negotiate LC formats with trading counterparties
Familiar with trade finance structures such as Back-to-Back or Front to Back LC structures
Ability to deal with pressure, multitask and meet deadlines
Proficient in English and Mandarin to correspond with international and Chinese banks and counterparties.
Pay: $78,000.00 - $104,000.00 per year
**Education**:
- Bachelor's or equivalent (preferred)
Work Location: In person
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