Bank Associate, Commodities Trade Finance - Singapore - HR-Pro Recruitment Services Pte Ltd

HR-Pro Recruitment Services Pte Ltd

Verified Company

Singapore

3 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Banking, Trade Finance / Bills

Permanent

Central

13 Mar - 13 May 2024

Summary of the position:

Processing/validating trade commodities transactions (import letter of credit issuance, guarantee issuance, export letter of credit advising, confirmation, payment, financing) for Singapore and Hong Kong
Vetting of LC text
Perform document checking for both import/export LC documents

Main responsibilities:

Ensure 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 teams wherever necessary

First check and/or countercheck import/export LC documents according to UCP600
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 screening

Legal and Regulatory Responsibilities

Comply 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.

Qualification required -