Job Description

Manager/AVP, Borrowing Base Trade Finance, Group Wholesale Banking Operations

Posting Date: 16-Nov-2022

Location: Singapore, SG

Company: United Overseas Bank Limited

About UOB
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.
Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department
Group Technology and Operations (GTO) provides software and system development, information technology support services and banking operations.
We have centralized and standardized the technology components into Singapore, creating a global footprint which can be utilized for supporting our regional subsidiaries and the branches around the world. We operate and support 19 countries with this architecture to provide a secure and flexible banking infrastructure.
Our Operations divisions provide transactional customer services for our businesses while also focusing on cost efficiency through process improvements, automation and straight through processing.

Job Responsibilities

• Review new applications to ensure deal is in line with the approved structure, propose solutions to mitigate risk at transaction level
• Review terms of LCs, contracts, documents to ensure deal can be self liquidated
• Perform price reasonable check and vessel check
• Manage CMA/SMA/Bunkering and Borrowing Base accounts
• Perform mark to market of collaterals and liase with customer for additional top up where required
• Ensure sufficient collaterals and margin are in place and liase with customer for topup
• Manage and work within bank limits, counterparty limits, debtor limits
• Monitor vessel routes, vessel arrival and serve notice to disport agent where necessary
• Followup with customer to secure and ensure timeliness of receipt of source of funds and sales proceeds
• Review LC matchlist and discrepancies
• Adhere to bank's policies, guidelines, control, regulatory, AML/CFT procedures
• Ensure timely and accurate service delivery in accordance with Service Level Agreement

Job Requirements

• Sound knowledge of UCP, ISBP, URC, URR, ISP, URDG, MAS/ ABS Guidelines and experience in all areas of international trade
• Trade Product knowledge
• Proficient in excel & macro
• Strong analytical and problem solving skills
• Meticulous and strong followup skills
• Able to work independently and strong teamwork
• 2-4 years of trade operations or related experience

Be a part of UOB Family
UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.