Trade Finance Associate

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

Job summary

A leading financial institution in Singapore is seeking a Trade Finance Specialist to manage the processing and settlement of Documentary Trade transactions. The role requires at least 2 years of experience in trade finance and a Diploma or equivalent qualification. Candidates must be meticulous team players, skilled in communication, and familiar with regulatory standards. Knowledge of the Korean language is preferred to effectively liaise with clients. Ideal for those looking to thrive in a fast-paced environment.

Qualifications

• Minimum 2 years of trade finance-related experience.
• Proficient or fluent in Korean preferred for liaising with Korean clients.
• Good understanding of regulatory requirements like EU, OFAC, and UN Sanctions.

Responsibilities

• Process and settle various Documentary Trade transactions.
• Perform document checking against LC terms and ICC rules.
• Provide customer advice and manage queries.

Skills

Communication skills

Interpersonal skills

Organizational skills

Time-management skills

Team player

Attention to detail

Education

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

Requirements

• Minimum2 yearsof trade finance-related experience
• Minimum Diploma holder or equivalent
• Motivated 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, ISP, and URDG would be a plus
• Proficient or fluent in Korean to effectively liaise with Korean counterparts and clients (preferred)