Trade Finance Associate

SHINHAN BANK; Singapore; On-site; SGD 42,000 - 66,000; Full time

Job summary

SHINHAN BANK Singapore is seeking a dedicated Trade Finance Officer to handle LC issuance, advising, confirmation, negotiation and documentary collections.

You will perform document checking against LC terms, process related products, ensure records, and liaise with customers for advice. Proficiency in sanctions and regulatory requirements is required; Korean and English skills are a plus.

Qualifications

• 2 years of trade finance experience or more
• Diploma holder or equivalent
• Good communication and interpersonal skills
• Meticulous with strong time management
• Understanding of sanctions/regulatory requirements (EU, OFAC, UN)
• Knowledge of trade finance documentary products and LC terms
• Proficiency in Korean and English is an advantage

Responsibilities

• Handle processing and settlement of Documentary Trade transactions (LC Issuance, Advising, Confirmation, Negotiation, and Documentary Collections)
• Perform document checking against LC terms and ICC rules
• Process LC-related products (Transferable LC, Back to Back LC, LC Financing)
• Process other Trade Finance products (Bill Discounting, Invoice Financing, Forfaiting/Factoring)
• Ensure proper documentation of transaction records
• Liaise with customers to provide specialized advice and answer queries
• Perform Sanction screening and AML checks for trade transactions
• Participate in UAT and projects as assigned
• Carry out other duties as instructed by the manager

Skills

Trade finance experience

Document checking

AML / Sanctions knowledge

Communication skills

Team player

Multitasking

Korean language (advantage)

English language

Education

Diploma or equivalent

Tools

UCP

ISBP

URC

URR

Swift MT/MX messaging

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 Financing.
• 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.
• Participate in UAT and project as assigned.
• Carry out any other duties and responsibilities as instructed by the manager.

[Requirements]

• Minimum2 yearsoftrade finance experience
• Minimum Diploma holder or equivalent
• Motivated hard working team player who takes initiative
• Meticulous and able to multi-task, and is able to thrive in a fast-paced working environment
• 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, URR, Swift MT/MX messaging would be a plus
• Candidates without prior work experience are welcome to apply.
• Proficiency in Korean and English will be an advantage, as the role involves communication with Korean-speaking clients and stakeholders.