AVP - Trade Finance Operation

Sumitomo Mitsui Banking Corporation (SMBC); Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading global financial institution in Singapore seeks a detail-oriented professional to manage trade documents and regulatory reporting in a customer-centric banking environment. You will process transactions, ensure compliance, and interact with clients while enhancing your skills in the financial sector. Join us to contribute to a dynamic organization focused on sustainability and growth.

Qualifications

• Strong understanding of trade documents related to various trade products.
• Ability to process import/export transactions using core banking systems.
• Experience in managing regulatory reporting requirements.

Responsibilities

• Scrutinize trade documents and verify Import LC issuance clauses.
• Process import/export transactions accurately in core banking systems.
• Handle customer queries and assist in audit data submissions.

Skills

Proficiency in MS Excel

Excellent communication skills

Knowledge of regulatory guidelines related to Import/Export

Job description

You will be joining Sumitomo Mitsui Banking Corporation (SMBC), a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group), headquartered in Tokyo. With a rich Japanese heritage dating back to 1876, SMBC prioritizes customer satisfaction and offers seamless access to, from, and within the Asia Pacific region. As one of the largest Japanese banks by assets, SMBC maintains strong credit ratings and operates a global integrated network to provide personal, corporate, and investment banking services to cater to the diverse needs of our customers.At SMBC, sustainability is at the core of our strategy and operations. We are dedicated to building a prosperous society that ensures economic well-being for the current generation and future ones.Your responsibilities in this role will include scrutinizing trade documents related to various trade products, verifying all clauses and contents of Import LC issuance and LC amendments, processing import/export transactions using core banking systems, and ensuring accuracy in reporting FCY transactions to the Treasury front office. Additionally, you will be responsible for reconciling exchange positions with the Treasury Front office team, managing regulatory reporting requirements, maintaining proper documentation housekeeping, and coordinating with the Central Hub at Delhi Ops and Relationship Managers for client transactions.Furthermore, you will handle customer queries, assist in data submissions for internal and external audits, and focus on process improvements within your scope of responsibilities. You will also be expected to possess proficiency in MS Excel and PowerPoint, have knowledge of regulatory guidelines related to Import/Export, and exhibit excellent communication skills.If you are looking to contribute to a dynamic and customer-centric environment while enhancing your skills and knowledge in the banking sector, this role at SMBC offers an exciting opportunity to grow and make a positive impact within the organization.,