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Job Title: L/C Documents Checker, Global Markets Incl. Korea & Hong Kon

Company: International Bank

Corporate Title: Flexible Salary Range: Competitive Package
Location: Singapore Date Open: July 2019

Responsibilities / Duties:

  • The incumbent is expected to possess good knowledge of trade finance products, trade finance business cycles and processes in particular handling of cross-border transactions.
  • Some relevant working knowledge of trade finance business conducted in Europe. 
  • This function is in Trade Finance Operations (TFO) in Singapore with the focus to support Asia and Europe offices in their L/C Documents checking function. 
  • Provide L/C Documents checking support service to internal client (Trade Expert and Trade Admin teams) and other offices
  • Perform 1st or 2nd check (as per assigned check limit) of both Import and Export L/C documents as per ICC rules
  • Communicate with clients and offices on the check status of L/C documents 
  • Provide professional advice to clients and other offices on discrepancy/ies noted on the documents; fulfilling of terms and conditions in the L/C, and mitigating non-compliance documents presentation after shipment
  • Co-ordinate and work efficiently with all business partners 
  • Ensure daily tasks are executed as per SLA and Global work instructions and escalate to Team Head/HOD upon identification of deviations or the development of unexpected risk events during the work processes.
  • Ensure adherence to the companys procedures, policy and guidelines at all times.
  • Propose areas of improvement in the team for the benefit of the team and  offices
  • Participate in the orientation & training of the new L/C Documents Checkers to the team
  • Participate in assigned projects from time to time.
  • Review and authorize daily transactions within approved perimeters and offices’ agreed turnaround time.
  • Provide quality checking and timely service delivery to clients and offices. 
  • Work closely with processing teams in the department as well as other offices so as to ensure good progress and proper execution of their transactions.
  • Cultivate team spirit and build up confidence in the team and the department in their handling of clients’ and offices’ documents checking.
  • Require to compare, analyze and review documents discrepancy/ies noted in Back to Back transactions and provide a final judgement in consultation with Trade Expert team, Front Office and Trade Management Office.
  • Escalate any anticipated/discovered issue related to source of repayment under Export leg.
  • Work closely with Trade Expert for transaction flow from end to end
  • Work closely with Trade Admin team (post L/C Document Checking)

Requirements / Qualifications:

  • Acceptable tertiary education
  • CDCS certified L/C Documents checker
  • Experience in handling both Import and Export L/C Documents checking
  • Microsoft office applications –MS word, excel, power point etc
  • Knowledge of Swift Alliance and any main accounting system
  • Knowledge of ICC publications – UCP600, ISP98, URR725, URC522, ISBP.
  • Knowledge of local region’s regulatory compliance and anti-money laundering policy
  • Possess effective communication skill to work with the teams and ING offices
  • Preferably with exposure to outsource/insource operations