Senior Associate, Authorizer - Structure Trade Operations, Institutional Banking Group Operations (IBGO), Group COO (WD89090)

DBS BANK LTD.; Singapore; On-site; SGD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits package

Job summary

DBS Bank Ltd. is seeking an experienced Trade Finance Operations professional in Singapore to manage daily authorization of import/export transactions, SBLC issuance, and workflow allocation.

You will lead a team, ensure adherence to SOPs, and collaborate cross-functionally with STMO, GTS, and regional units. The role requires deep knowledge of Trade Finance products, regulatory sanctions, and proficient use of SWIFT messaging.

Qualifications

• Minimum 5 years in Trade Finance Operations with 2+ years in authorization.
• Strong interpersonal and communication skills with internal and external stakeholders.
• Extensive knowledge in Trade Finance products and regulatory sanction requirements.
• Coach team to ensure SOPs and bank policies are followed.
• Review policies and procedures and identify areas for improvement.
• Exercise sound judgment on transaction monitoring and red flags.
• Strong logical and problem-solving skills.
• Conversant with UCP600, ISBP, URC522, ISP98, URR725 and Incoterms.
• Proficient in SWIFT MT7xx, MT4xx, MT202 and MT103.
• Collaborate with STMO, Regional Trade, Business Units and other stakeholders.

Responsibilities

• Manage daily Trade Finance transactions authorization (Import/Export/SBLC issuance).
• Allocate and distribute ready-to-process transactions to processors at start of day.
• Establish duty rosters for processors and authorizers.
• Be customer centric and manage daily workflow to meet client expectations.
• Provide solutions and recommendations on trade finance matters.
• Identify and resolve operational issues and escalate timely.

Skills

Trade Finance expertise

Regulatory knowledge

SWIFT messaging

Leadership & coaching

Stakeholder management

Analytical thinking

Communication skills

Tools

SWIFT messaging tools

Incoterms knowledge

Job description

Business Function

Group Operations enables and empowers the bank with an efficient, nimble, and resilient infrastructure through a strategic focus on productivity, quality & control, technology, 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 our multiple banking delivery channels.

Responsibilities

• Manage daily Trade Finance transactions authorization (Import/Export/SBLC issuance)

• Allocate and Distribution Ready-to-process transactions to respective processors at beginning of day

• Establish duty rosters for processors and authorizers

• Be customer centric and manage daily work flow to meet and exceed client expectations

• Provide solutions and or recommendations on trade finance matters

• Responsible for identifying and making right decisions to resolve operational issues and ensure timely escalation

• Ensure all transactions and tasks assigned are carried out in accordance with the operating and compliance procedures

• Ensure day to day transactions are processed and authorized within stipulated Service Level Agreement

• Ensure assigned Officers duties are duly performed E.g. Daily Reports, IMB Reporting, Swift messages and others

• Work closely with STMO, BU, GTS and other stakeholders on the daily transactions

• Provide guidance and training to staff to ensure Department SOP, Bank’s policies and guidelines are strictly adhered to

• Monitor and perform controls on entries reconciliation, investigation and follow-up on ad-hoc matters

• Timely escalation of operational risks incidents

• Identify areas to improve quality, productivity and efficiency

• Achieve to meet Goals Setting (KPI)

• Participate in ad-hoc projects and ensuring that the assigned tasks are completed within stipulated time frame

• Participate in assigned UAT and LV for system enhancement and implementation

Requirements

• Minimum 5 years working in Trade Finance Operations within a bank, with at least 2 years of experience in authorization, preferably in the Structured and Commodity Finance environment covering all Trade Finance products (Import/Export/SBLC issuance)

• 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

• Extensive knowledge in Trade Finance products and regulatory sanction requirements

• Coach and guide team to ensure SOP, Bank’s policies and guidelines are adhere to

• Review policies and procedures and identify areas for improvement

• Exercise sound judgement on transaction monitoring and escalation of red flags

• Strong logical and problem-solving skills

• Conversant & competent in application of UCP600, ISBP, URC522, ISP98, URR725 and Incoterms

• Proficient in SWIFT messages such as MT7xx, MT4xx, MT202 and MT103

• Work cohesively to build alliances and partnerships with Structured Trade Middle Office(STMO), Regional Trade team, Business Units (RM and GTS) and other stakeholders

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