Contract Senior, Structured Trade Operations, Institutional Banking Group Operat

DBS Bank Limited; Singapore; On-site; SGD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a dedicated Trade Finance Operations professional to join their dynamic team. This role focuses on processing and managing trade finance products while ensuring compliance with operational procedures. You will be responsible for client interactions, transaction monitoring, and identifying areas for process improvement. The bank offers a competitive salary and a supportive environment that fosters professional growth and recognizes achievements. If you are client-oriented and possess strong communication skills, this opportunity is perfect for you.

Benefits

Competitive salary

Dynamic work environment

Professional development opportunities

Qualifications

• 3 to 5 years of experience in Trade Finance Operations within a bank.
• Proficient in SWIFT messages and trade finance regulations.

Responsibilities

• Process and handle Trade Finance products efficiently.
• Ensure compliance with operating procedures and service level agreements.
• Manage client queries and provide effective solutions.

Skills

Trade Finance Operations

Client Service Orientation

Transaction Monitoring

SWIFT Messaging (MT7xx, MT4xx, MT202, MT103)

Interpersonal Skills

Education

Degree in Finance or related field

Job description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Operations enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, people capability and innovation.In Group Operations, we manage the majority of the Bank’s operational processes and inspire to delight our business partners through multiple banking delivery channels.

Responsibilities

• Processing and handling Trade Finance products (Import/Export/SBLC issuance)
• Ensure all transactions and tasks assigned are carried out in accordance with the operating and compliance procedures
• Ensure smooth processing of day to day transactions within stipulated Service Level Agreement
• Ensure assigned operations duties are duly performed
• Ensure adherence to Department SOP, Bank’s policies and guidelines
• Perform trade sanctions screening, LLI checks, IMB checks, identifying red flags and escalate as per Bank’s procedures
• Timely escalation of operational risks incidents
• Be customer centric and manage queries from clients effectively and provide solutions and or recommendations on trade finance matters
• Liaison with clients on unclear instructions and obtain proper documentation before execution
• Manage daily work flow to meet and exceed client expectations
• Identify areas for process improvement
• Achieve to meet Goals Setting (KPI)
• Participate in ad-hoc projects and assignments
• Participate in assigned UAT and LV for system enhancement and implementation
• Conduct transaction monitoring, follow-up on end to end process handling for structured deals and provide regular status updates to STMO (Structured Trade Middle Office)
• Work closely with STMO, BU, GTS and other stakeholders on the daily transactions
• Filling and archival of bills
• Perform DHL courier manifest and enveloping

Requirements

• Degree holders with at least 3 to 5 years working experience in the Trade Finance Operations within a bank, preferably in the Structured and Commodity finance environment
• Client service oriented
• Ability to exercise sound judgement on transaction monitoring and escalation of red flags
• Proficient in SWIFT messages such as MT7xx, MT4xx, MT202 and MT103
• Conversant and competent in application of URC522 and URR725
• Good working knowledge of UCP600, ISBP, ISP98 and Incoterms would be an added advantage.
• Good working attitude and positive mindset
• Ability to work effectively, independently and a team player
• Strong interpersonal and communication skills with the ability to adapt to the changing needs of the organization and demands of both internal and external stakeholders
• Conversant & competent in application of UCP600, ISBP, URC522, ISP98, URR725 and Incoterms.
• Work cohesively to build alliances and partnerships with Structured Trade Middle Office (STMO), Regional Trade team, Business Units (RM and GTS) and other stakeholders.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.