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Job Title: Trade Finance Operations

Company: Multinational Financial Services Corporation

Corporate Title: Flexible Salary Range: Competitive Package
Location: Singapore Date Open: Jan 2020

Responsibilities / Duties:

  • The incumbent is expected to possess good knowledge of trade finance products, trade workflows and processes in particular relating to oil, metal and other commodity financing.
  • Good understanding of commodity client’s expectation and requirements will be added value.
  • This function is in Trade Finance Operations (TFO) with the focus to support Trade and
  • Commodity Finance business that are very active in the structuring of energy, soft and metal deals for major global commodity clients with operations in and outside of Singapore.
  • Perform trade processing for an assigned portfolio of clients.
  • Process client’s applications promptly and ensure quality delivery
  • Ensure processing of client’s application as per approval instructions from Trade Management Office.
  • Work closely with and take instructions from fellow colleagues (Trade Execution and L/C
  • Documents Checker) in their handling of client’s trade activities.
  • Ensure adherence to the companys procedures, policy and guidelines, in particular to Trade
  • Finance Services’ Product control Framework at all times.
  • Propose areas of improvement in the team for the benefit of the department
  • Participate in assigned projects from time to time.
  • Review nostro statements to identify funds relating to trade finance transactions
  • Review unidentified funds
  • Provide quality processing and timely service delivery to clients.
  • Verification of clients’ signatures on all applications and Financial Institution wherever necessary
  • Work closely with Transaction Management team (TMO) so as to ensure proper execution of client applications.
  • Monitor all incoming swift messages and take the necessary timely actions.
  • Arrange for clients’ funding with Treasury (especially for value above USD50m) including cost of funding or break fund cost etc
  • Perform pre-transaction compliance screening including CDD/RMA/FATCA etc
  • Report to Treasury all incoming and outgoing foreign currencies (non-USD currency)
  • Cultivate team spirit – sharing fellow colleagues’ unforeseen heavy workload
  • Coaching and training of the new team member to be proficient and familiarize with the
  • processing systems; assists to new joiners to build up confidence in their processing of client’s transactions.
  • Provide cover for fellow team members during their absence

Requirements / Qualifications:

  • Acceptable tertiary education
  • Microsoft office applications –MS word, excel, power point, access, visio 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 team, department, clients and Front Office.