Job Description

Responsibilities:

Responsible for the operational control of trade finance products such as Letters of Credit (LC), Standby LCs (SBLCs), guarantees, and other structured trade instruments. Ensure all trade-related documents are processed accurately and adhere to regulatory standards. Oversee trade settlements, payments, and confirmations to ensure timely execution of transactions. Liaise with various internal and external stakeholders to facilitate smooth trade flows and address any issues that arise. Oversee review and control of all issuances and amendments to ensure compliance with internal policies, trade finance regulations, and trade-related rules (e.g. UCP, ISBP, URC, ISP) Ensure all transactions adhere to delegated authority limits and that proper approval workflows are followed. Coordinate with BU/RM/stakeholders for any operation issues. Facilitate strong partnerships across various stakeholder groups and ensure alignment of objectives and goals to minimize overlap or gaps arising during execution of role and responsibilities. Ensure adherence to departmental policies, procedures and SOPs, and aligned with the Bank's policies and procedures. Identify, monitor, and mitigate operational risks, control gaps and exceptions in trade operations. Conduct periodic reviews, reconciliations, transaction monitoring, and escalate control issues or breaches as needed. Ensure that all RCSA, SHARP & any regulatory reports are submitted on time. Ensure compliance with MAS regulations 626 and 641, 646, Banking Act (Chapter 19). Ensure timely assessment, escalation and resolution of operational risk event to minimize potential losses. Conduct deep-dive into operational risk events through understanding the sequence of events to identify the root cause / control weaknesses for establishing and implementing mitigating controls/preventive action plans. Support process improvements, technology implementation for automation, control efficiency, and reduce manual errors. Work with ITD on the system and application related matter, including enhancements, resolution of issues, new product/process, industry related requirements, etc. Participate/manage projects related to Document and Data Management Unit. Provide business requirements, review Functional Specification Document (FSD) Monitoring the projects that the team participated in for the testing. Liaising with IT, BU or vendor on the defects, changes/resolution on the defects etc.

Requirements

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Minimum qualification of University Degree or Diploma or equivalent Minimum 7 years experience in Trade Finance operations, preferably in Structured Trade and Commodity Finance Middle Office. Possess Certified Documentary Credit Specialist (CDCS) qualification will be an added advantage but not compulsory Conversant and competent in application of UCP600, ISBP, ISP98, URDG758, URR725, URC522, URR525 and Incoterms. Good knowledge in handling structured and commodity trade finance operations. Knowledge of pledge, assignments of receivables on documentary credits etc. Strong interpersonal and communication skill. * Ability to work cohesively to build alliances and partnerships with other stakeholders.