Assistant Manager Trade Finance Operations

PositiveLinks Asia; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A leading financial services provider in Kuala Lumpur is seeking an Assistant Manager for Trade Finance Operations. This role involves managing a team, ensuring timely and accurate transactions in trade finance, and liaising with stakeholders. Candidates should have at least 5 years of experience in trade finance operations, strong leadership qualities, and a relevant degree. This position offers career progression and a chance to work on significant business initiatives.

Qualifications

• Minimum 5 years of Trade Finance Operations experience leading a team.
• Knowledge of Trade Governing Rules like UCP, ISBP, URC, URR, ISP, Incoterms.
• Understanding of OFAC/AML regulations and high-risk transactions.

Responsibilities

• Manage daily Trade Operation processing unit.
• Ensure timely and accurate execution of trade finance transactions.
• Provide support to junior team members.

Skills

Trade Finance Operations experience

Analytical skills

Team leadership

Attention to detail

Problem-solving skills

Communication skills

Education

Recognized degree in a relevant field

Industry certifications (CDCS, CITF, CSDG)

ACAMS certification

Tools

Microsoft Office applications

Job description

Assistant Manager, Trade Finance Operations

Team Lead / Deputy Team Lead - LC Advising & Issuance / Doc Collection / Import Export Loan

Job Description

About the Department

UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.

As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.

• Manage and monitor daily Trade Operation processing Unit.
• Responsible for daily trade transactions checking and approval, including Letters of Credit (LC), Standby Letters of Credit (SBLC), Documentary Collections, and Trade Loans.
• Ensure timely and accurate execution of trade finance transactions, adhering to internal policies and regulatory requirements.
• Liaise with counterparties and internal stakeholders to address inquiries and resolve issues related to trade finance transactions.
• Maintain accurate records of all trade finance transactions and activities, daily reconcilaition.
• Provide support and guidance to junior team members in processing trade finance transactions.
• Assist in resolving operational issues and ensuring seamless trade finance operations.
• Prepare regular reports for management review and regulatory reporting purposes.
• Ensure Governance process - Risk and Controls are in place within the Unit.
• Drive projects and initiatives such as process improvement for the Unit.

Skills and Experience

• Minimum 5 years of Trade Finance Operations experience leading a team.
• Well-versed in Trade Governing Rules of UCP, ISBP, URC, URR, ISP, Incoterms and ICC opinions.
• Possess good understanding and knowledge of OFAC/Anti-boycott/Anti-Money Laundering/High Risks Transaction.
• Meticulous and possess a keen eye for details.
• Strong analytical, problem-solving, follow-up and communications skills.
• Experience in all areas of international trade.
• Able to work independently and strong team leadership.
• Proficient in Microsoft Office applications.

Education

• Minimum a recognized degree in a relevant field.
• Certified in relevant Industry certifications e.g., CDCS, CITF, CSDG.
• Certified in ACAMS will be added advantage.

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