Associate, Trade Finance Operations, Singapore

BBVA; Singapore; On-site; SGD 75,000 - 110,000; Full time

Job summary

A leading company in the finance sector is seeking an experienced Operations Middle Office professional to manage Trade Finance operations in Singapore. The role involves handling trade finance transactions, loan administration, and ensuring compliance with banking regulations. Candidates should have significant experience in Trade Finance, strong communication skills, and the ability to work in a multicultural environment. This opportunity offers a dynamic work environment where attention to detail and customer orientation are crucial for success.

Qualifications

• 6-8 years of hands-on experience in Trade Finance.
• Experience in Loan administration is essential.
• Fluency in written and spoken English; Mandarin is a plus.

Responsibilities

• Handle customer enquiries regarding trade finance transactions.
• Process loans and manage trade finance documents.
• Prepare regulatory reports and assist with audit confirmations.

Skills

Trade Finance

Loan administration

Customer-oriented

Interpersonal skills

Communication skills

Organizational skills

Self-motivated

Detail-oriented

Ability to work under pressure

Education

Bachelor Degree or Diploma in Banking / International Trade / Business Administration / Finance

Tools

Midas system

SWIFT AMH messages

PC skills

Job 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.