Trade Finance Operations recruitment
The Company
Our client is a leading global European Corporate bank with strong presence in Singapore. They are dedicated to providing the best banking solutions to its corporate customers in overseas markets.
The Role
Upon successful acquisition of transaction, provides comprehensive customer service in following areas of processing of documentary and non documentary business, payments related to documentary business, payments related to non documentary business, Issuance of letter of guarantees and operating Accounts.
Products would include, issuance of import L/Cs, advising of export L/Cs, transfer of export L/Cs, checking of import and export L/C documents, checking of import and export collection documents, cheques collection, L/C confirmation, L/C discounting, Trade Risk Participation, Reimbursement L/C financing, Issuance of guarantees and Opening of operating accounts.
In addition, you will also be responsible for tasks relating to, processing and controls that would include registration of business transaction and allocation of reference numbers for the relevant products and to facilitate accounting for profit centre and product profitability analysis, processing of transactions as per Trade Finance Procedure Manual, monitoring the utilization of all trade finance facilities and overdraft limits, settling of nostro queries after item has been clearly identified as falling under the responsibility of the Trade Finance Section, initiation of loan inputs and journal entries in Midas+, mailing of correspondence to customers, handling query from customers / HO / other depts. Etc, arranging for shipment of documents by courier, arranging for collection of documents from/for customers, preparing messages via SWIFT and Checking of documents under L/C and collection received from customers and or other branches as part of regional functional support.
You will also be involved in arrangements for funding requirements with dealers for the financing of bills discounted, control and monitoring of payments due, ensure account opening documentation are in place, process audit confirmation, ensuring proper filing of all documents after processing and assisting Section Head in the smooth functioning and support services to the bank customers.
Your Profile
To be successful in this role, you need to be a degree holder with at least 5 years experience in trade operations with strong LC Shipping documentation experience, registration of business transaction and allocation of reference numbers for the relevant products and to facilitate accounting for profit centre and product profitability analysis and processing of transactions as per Trade Finance Procedure Manual.
Apply Today
Please send your resume, in WORD format and quote reference number HI8238, by clicking the apply button. Please note that only short-listed candidates will be contacted.