Executive, Trade Finance (3-6 months)

State Bank of India, Singapore; Singapore; On-site; SGD 40,000 - 60,000; Full time

Job summary

A prominent bank in Singapore seeks a candidate for a role focused on managing Export Letters of Credit. Responsibilities include advising clients, processing documents, conducting due diligence checks, and ensuring compliance with banking policies. The ideal candidate should have a degree in Banking or Finance, along with 1-3 years of relevant experience or freshers interested in Trade Finance. Strong communication skills and proficiency in Microsoft applications are essential for success in this role.

Qualifications

• Degree or Diploma equivalent preferably in Banking/Finance.
• 1-3 years experience in Trade Finance/Operations role in Bank; Freshers considered.
• Good understanding of banking compliance.

Responsibilities

• Process and advise Export Letters of Credit and amendments.
• Attend to clients over the counter for LC/Amendments collection.
• Conduct all due diligence checks as per AML CFT policy.

Skills

Banking compliance

Communication skills

Interpersonal skills

Microsoft Excel

Microsoft Word

Education

Degree or Diploma in Banking/Finance

Job description

RESPONSIBILITIES

• Process and advise Export Letters of Credit (LCs) and amendments, lodging export documents

• Processing of Letters of Credit and other related LC tasks.

• Attend to clients over the counter for LC / Amendments collection and handle LC advising charges collection.

• Tally daily receipt of advising/amendments charges.

• Follow up with clients/LC issuing bank for LC / Amendment pending collection at the counter.

• Lodging and dispatch of export documents under LC & non-LC.

• Putting up discounting bills for approval along with summary of charges.

• Conduct all due diligence / EDD checks such as name screening, sanction checks, as per AML CFT policy.

• Ensuring that all transactions are done as per various policy/regulatory guidelines.

• Reconciliation of Nostro account entries related to the area of operations.

• Attending to queries of customers, supervisors and other banks via phone mail, swift, walk in etc. related to the area of operations.

• Other trade related activities based on business / Bank requirements.

REQUIREMENTS

• Degree or Diploma equivalent preferably in Banking / Finance.

• 1-3 years’ experience in Trade Finance / Operations role in Bank (Freshers may also be considered).

• Good understanding of banking compliance.

• Good communication and interpersonal skills with ability to interact with all levels of staff and management.

• Sound knowledge of Microsoft applications: Excel/Word.

• Able to commit for the full 3-6 months contract.