Trade Finance Associate

SHINHAN BANK; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading bank is seeking a Trade Finance Officer responsible for processing and settling Documentary Trade transactions. The ideal candidate will have experience in LC document checking and trade finance with strong communication and organizational skills. This role offers the opportunity to work in a dynamic environment where attention to detail and multitasking are essential. Join us in providing specialized advisory services to our clients.

Qualifications

• Minimum 2-3 years of trade finance experience.
• At least 1 year of experience in LC document checking.
• Minimum Diploma holder or equivalent.

Responsibilities

• Handles processing and settlement of Documentary Trade transactions.
• Liaises with customers for advice and queries.
• Performs sanction screening and AML checks.

Skills

Trade Finance Experience

Document Checking

Communication Skills

Organizational Skills

Interpersonal Skills

Multitasking

Education

Diploma or equivalent

Job description

Job Description

• Handles the processing and settlement of the full spectrum of Documentary Trade transactions such as Letter of Credit (LC) Issuance, Advising, Confirmation, Negotiation, and Documentary Collections

• Performs document checking against LC terms and related ICC rules

• Handles the processing of various LC-related products such as Transferable LC, Back to Back LC, LC Forfaiting

• Handles the processing of other Trade Finance products such as Bill Discounting, Invoice Financing and Forfaiting/Factoring transactions

• Ensures proper documentation of transaction records

• Liaise with customers to provide specialized advice and answer customers’ queries

• Performs Sanction screening, AML red-flag checks for trade transactions

• Carry out any other duties and responsibilities as instructed by the manager

Requirements

• Minimum2-3 yearsof trade finance experience

• At least 1 year of experience in LC documents checking

• Minimum Diploma holder or equivalent

• Team Player, self-initiative and motivated, meticulous, able to multi-task, and willing to work under pressure

• Good communication and interpersonal skills

• Excellent organizational and time-management skills

• Good understanding of Sanctions and Regulatory requirements such as EU, OFAC, UN Sanctions

• Good working knowledge of UCP, ISBP, URC, ISP, and URDG would be a plus