Middle Office Operations Specialist Sg

5 days ago

Singapore CIMB Group Full time

**Responsibilities**:

- Responsible for the operational control of trade finance products such as Letters of Credit (LC), Standby LCs (SBLCs), guarantees, and other structured trade instruments.
- Ensure all trade-related documents are processed accurately and adhere to regulatory standards.
- Oversee trade settlements, payments, and confirmations to ensure timely execution of transactions.
- Liaise with various internal and external stakeholders to facilitate smooth trade flows and address any issues that arise.
- Oversee review and control of all issuances and amendments to ensure compliance with internal policies, trade finance regulations, and trade-related rules (e.g. UCP, ISBP, URC, ISP)
- Ensure all transactions adhere to delegated authority limits and that proper approval workflows are followed.
- Coordinate with BU/RM/stakeholders for any operation issues.
- Facilitate strong partnerships across various stakeholder groups and ensure alignment of objectives and goals to minimize overlap or gaps arising during execution of role and responsibilities.
- Ensure adherence to departmental policies, procedures and SOPs, and aligned with the Bank’s policies and procedures.
- Identify, monitor, and mitigate operational risks, control gaps and exceptions in trade operations.
- Conduct periodic reviews, reconciliations, transaction monitoring, and escalate control issues or breaches as needed.
- Ensure that all RCSA, SHARP & any regulatory reports are submitted on time.
- Ensure compliance with MAS regulations 626 and 641, 646, Banking Act (Chapter 19).
- Ensure timely assessment, escalation and resolution of operational risk event to minimize potential losses. Conduct deep-dive into operational risk events through understanding the sequence of events to identify the root cause / control weaknesses for establishing and implementing mitigating controls/preventive action plans.
- Support process improvements, technology implementation for automation, control efficiency, and reduce manual errors.
- Participate/manage projects related to Document and Data Management Unit.
- Provide business requirements, review Functional Specification Document (FSD)
- Monitoring the projects that the team participated in for the testing.
- Liaising with IT, BU or vendor on the defects, changes/resolution on the defects etc.

**Requirements**:

- Minimum qualification of University Degree or Diploma or equivalent
- Minimum 7 years experience in Trade Finance operations, preferably in Structured Trade and Commodity Finance Middle Office.
- Possess Certified Documentary Credit Specialist (CDCS) qualification will be an added advantage but not compulsory
- Good knowledge in handling structured and commodity trade finance operations.
- Knowledge of pledge, assignments of receivables on documentary credits etc.
- Strong interpersonal and communication skill.
- Ability to work cohesively to build alliances and partnerships with other stakeholders.

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