Operations Associate (Documentation and Guarantees)
- Singapore
- Permanent
- Full-time
Vetting of LC text and assist client in any queries related to their transactions
Perform document checking for both import/export LC documents
Perform price reasonable checks on commodity goods
Acting as a liaison officer liaising with the processing center and coordinate with internal and external client related to all trade related transactionsMain responsibilitiesEnsure Back-Office processing of transactions and manage Operational risk
(a) within acceptable technical risks and in compliance with bank's rules and operation procedures
(b) in conformity with conditions of transaction details
(c) timely and accurately in relevant systems with correct data and posting of entries to P&L accounts
(d) timely and accurately in all life events including payment, funding and resolution of suspense items
Provide good customer services by maintaining good relationship with external and internal parties
Business continuity
(a) provide effective back-up for the team
(b) work closely with other TCF teams wherever necessaryMain duties detailsFirst check and/or counter-check import/export LC documents according to UCP600
Review customer applications and clarify with customers on ambiguous terms, if any
Ensure transactions are processed in conformity with transaction details
Monitor payment/acceptance of import/export bills and ensure notice of refusal are sent within time allowed as per documentation
Ensure data and accounting entry input into BO system are accurate
Perform compliance check and vessel screeningLegal and Regulatory ResponsibilitiesComply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Singapore Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer/Compliance Officer.
Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.Position locationGeographical areaAsia, SingaporeCitySingapourCandidate criteriaMinimal education levelBachelor Degree / BSc Degree or equivalentAcademic qualification / SpecialityQualification required
Well versed in UCP600, ISBP, ISP, Incoterms
CDCS certification will be preferredLevel of minimal experience3-5 yearsExperienceMinimum 5 years of Commodity Trade Finance experienceLanguagesEnglish