SENIOR MANAGER (TRADE FINANCE)

INDIAN OVERSEAS BANK; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A prominent banking institution in Singapore is seeking a candidate with extensive experience in trade finance to oversee various credit facilities and compliance processes. The ideal candidate will have a Bachelor’s degree, managerial experience in the banking sector, and specialized qualifications in banking and finance. This role requires strong knowledge of trade transactions and regulatory compliance.

Qualifications

• 7-10 years of experience in the banking sector, with 3 years in a managerial role.
• Specialized qualifications in banking and finance.
• Experience in trade credit assessment and trade finance transactions.

Responsibilities

• Oversee trade finance processes and ensure compliance with regulations.
• Track overdue status and manage credit facilities.
• Conduct periodic reviews for audit compliance.

Skills

Trade finance expertise

Country Risk assessment

Regulatory compliance knowledge

Communication skills

Education

Bachelor's Degree

Job description

Job Description / Requirements:

Bachelor's Degree holder with 7-10 years of experience in banking sector of which at least 3 years of managerial experience in the areas of trade finance.

Possess specialized qualifications / certifications in banking and finance.

Experience in trade credit assessment and handling of trade finance (Import and Export) transactions like Invoice Finance/Freight Loan, Collection Documents, Export Finance, Packing Credit,Trust Receipt, Buyers Credit, Suppliers Credit etc.

Ideally have fair understanding of retail and corporate banking processes.

Familiar with SWIFT operations viz. Preparation/Verification/Authorisation of SWIFT messages.

Ensure adequate oversight over tracking of overdue status across various credit facilities and recovery.

Provide oversight over foreign exchange position, inter bank payments and other trade finance processes.

Ability to effectively assess Country Risk & Counter party Risk related to Trade Finance.

Ensure compliance with Country and Counterparty limits.

Strong understanding and knowledge of UCPDC, INCOTERMS, AML/KYC.

Daily review of exception reports and remediation.

Possess sound understanding of relevant regulatory / compliance requirements.

Periodic review and follow up for addressing audit / compliance issues.