Head of Operations

WMRC Private Ltd; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled professional to oversee Import & Export Bills and Loan Administration. In this role, you will manage Trade Finance products and ensure compliance with AML regulations while leading a dedicated team. Your expertise will be crucial in maintaining accurate records and facilitating smooth loan processing. This position offers an exciting opportunity to contribute to the efficiency of banking operations and ensure customer satisfaction. If you have a strong background in banking and are fluent in Chinese, this is the perfect chance to make a significant impact in a dynamic environment.

Qualifications

• Degree holder with at least 8 years of banking experience.
• Fluent in Chinese and experienced in managing teams.

Responsibilities

• Manage Import & Export Bills and Loan Administration efficiently.
• Ensure proper loan processing and maintain accurate records.
• Review reporting and ensure compliance with AML requirements.

Skills

Team Management

Trade Finance

Loan Administration

AML Screening

Fluent in Chinese

Education

Degree

Job description

Reporting to the Deputy General Manager, you will manage a team and be responsible for Import & Export Bills (IEB) & Loan Administration, as well as Treasury Settlement.

You will manage the Trade Finance products and services efficiently to satisfy customers, which include the outsourcing of Trade Finance processing. You will ensure accounting data pertaining to customer transactions are entered in the bank books in a timely and accurate manner after they are processed and that proper records are maintained.

You will ensure the IEB Operation Manual is promptly updated and reviewed and will review MAS and Head Office reporting related to IEB, in order to ensure proper AML screening of all incoming/outgoing SWIFT messages and documentation for all Trade Finance transactions.

You will ensure proper loan processing/administration duties, including loan drawdown/rollovers/repayment/prepayment and will ensure all necessary correspondence such as rollover notice, credit/debit notices and rate fixing with borrowers/banks are in correct order. You will advise the Settlement team on new facility drawdown, repayment, interest, fees and will ensure the related movement of funds are properly documented.

You will review the duties relating to credit administration for the portfolios of the Singapore Branch and the Originating Branches (Loan Booking) and will ensure proper AML screening for all corporate loan transaction documents from customers, as well as prompt and accurate SWIFT messages for loan disbursement in the system.

You will ensure that deals are correctly authorized, verified, processed, inputted into the system, confirmed and settled and payments are approved and processed in accordance with the approved payment procedure. You will ensure Nostro account balances are reviewed and reconciled on a daily basis and discrepancies, if any, are followed up immediately.

You will review MAS and Head Office reporting related to the Treasury Department and will ensure prompt DTCC-MAS reporting for FX and IRS to MAS, as well as perform proper AML screening for all incoming/outgoing SWIFT messages for all Treasury Settlement in the system.

Pre-requisites

• Degree holder
• At least 8 years of related work experience in the banking industry
• Able to communicate and write Chinese fluently
• Experience in managing people

Submit your application to [e-mail] quoting the Job Title.

Your interest will be treated in strict confidence.

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