Trade Finance Operations - Singapore - BBVA

    BBVA
    BBVA Singapore

    3 days ago

    $80,000 - $120,000 (USD) per year Banking / Loans
    Description

    Job Purpose & Objectives

    • Work in the Operations Middle Office team in Singapore which handles predominantly Trade Finance,Guarantees, Loans and some Remittances;

    Key Responsibilities

    • To handle customer enquiries regarding mainly trade finance transactions; liaise with counterparties regarding documents' discrepancies after checking by Hub/ back office.
    • Remit Trade Finance documents and processing of loans (mainly trade-related loans);
    • Review of Midas system transactions and reconciliations after input by Hub;
    • Prepare/check Guarantees Letters / fees invoices etc
    • Funding for loan drawdown and rollover;
    • Prepare instructions for Loans/Guarantees/Trade Finance for input by Hub;
    • Setup/ create customer record in Midas and input all authorized signatories/ directors/ beneficiary owners;
    • Download SWIFT AMH messages;
    • Perform market price checks and enquiry in Trade Finance Registry;
    • Check account opening forms and documents;
    • Handle remittances & provide month-end bank statements to customers;
    • Follow up un-reconciled Nostro items with counterparties;
    • Prepare reports required for regulatory or internal purpose;
    • Handle audit confirmation requests from customers;
    • Assist on World-check and FIRCO checks as and when required;
    • Assist on other duties/ reports or back-up functions as assigned by the Head of Production

    Management.

    Qualification & Experience

    • At least 6 - 8 years hands-on experience in Trade Finance;
    • Experience in Loan administration;
    • Bachelor Degree or Diploma in Banking / International Trade / Business Administration / Finance or similar.

    Knowledge & Skills

    • UCP600 & ISBP knowledge required.
    • Able to handle full set of Import/ Export documents including LC and all related document checking,financing, discounting, advising, collection, SBLC etc.
    • Good knowledge and familiarity with Singapore banking regulations/ practices and regulatory reporting requirements.
    • PC skills – words, excel etc.
    • Experience with transition to new system or project handling will be advantageous.

    Language

    • Fluent in written and spoken English. Ability to converse in Mandarin is preferred.

    Other Skills (e.g. Interpersonal, Communication etc)

    • Strong interpersonal and communication skills;
    • Customer-oriented;
    • Well-organized and meticulous/ keen eyes for details;
    • Self-motivated and ability to work in a multi-cultural environment;
    • Strong team player with ability to work independently;
    • Ability to work under pressure.

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