Associate, Trade Finance Operations, Singapore

Job Purpose & Objectives

• Work in the Operations Middle Office team in Singapore which handles predominantly Trade Finance, Guarantees, Loans and some Remittances;

Key Responsibilities

• To handle customer enquiries regarding mainly trade finance transactions; liaise with counterparties regarding documents’ discrepancies after checking by Hub/ back office.

• Remit Trade Finance documents and processing of loans (mainly trade-related loans);

• Review of Midas system transactions and reconciliations after input by Hub;

• Prepare/check Guarantees Letters / fees invoices etc

• Funding for loan drawdown and rollover;

• Prepare instructions for Loans/Guarantees/Trade Finance for input by Hub;

• Setup/ create customer record in Midas and input all authorized signatories/ directors/ beneficiary owners;

• Download SWIFT AMH messages;

• Perform market price checks and enquiry in Trade Finance Registry;

• Check account opening forms and documents;

• Handle remittances & provide month-end bank statements to customers;

• Follow up un-reconciled Nostro items with counterparties;

• Prepare reports required for regulatory or internal purpose;

• Handle audit confirmation requests from customers;

• Assist on World-check and FIRCO checks as and when required;

• Assist on other duties/ reports or back-up functions as assigned by the Head of Production Management.

Qualification & Experience

• At least 6 - 8 years hands-on experience in Trade Finance;

• Experience in Loan administration;

• Bachelor Degree or Diploma in Banking / International Trade / Business Administration / Finance or similar.

Knowledge & Skills

• UCP600 & ISBP knowledge required.

• Able to handle full set of Import/ Export documents including LC and all related document checking, financing, discounting, advising, collection, SBLC etc.

• Good knowledge and familiarity with Singapore banking regulations/ practices and regulatory reporting requirements.

• PC skills – words, excel etc.

• Experience with transition to new system or project handling will be advantageous.

Language

• Fluent in written and spoken English. Ability to converse in Mandarin is preferred.

Other Skills (e.g. Interpersonal, Communication etc)

• Strong interpersonal and communication skills;
• Customer-oriented;
• Well-organized and meticulous/ keen eyes for details;
• Self-motivated and ability to work in a multi-cultural environment;
• Strong team player with ability to work independently;
• Ability to work under pressure.