Trade Operations Associate - Documentation & Guarantees

Crédit Agricole Group; Singapore; On-site; SGD 45,000 - 70,000; Full time

Job summary

A financial institution is seeking a candidate to process and validate trade commodities transactions in Singapore. The role involves ensuring compliance with legal and regulatory requirements, maintaining relationships with clients, and managing operational risks effectively. Ideal candidates will have strong attention to detail and excellent customer service skills.

Qualifications

• Comply with all applicable legal and regulatory requirements.
• Maintain knowledge of compliance requirements to prevent financial crime.
• Ensure accurate checks of import/export LC documents according to UCP600.

Responsibilities

• Processing and validating trade commodities transactions.
• Ensuring back-office processing and managing operational risk.
• Providing excellent customer service and maintaining good relationships.

Job description

Summary of the position

Processing/validate SG/HK/AUS trade commodities transactions (import letter of credit issuance, financing, guarantee issuance, export letter of credit advising, payment)
Vetting of LC text and assist client in any queries related to their transactions
Perform document checking for both import/export LC documents
Perform price reasonable checks on commodity goods
Acting as a liaison officer liaising with the processing center and coordinate with internal and external client related to all trade related transactions

Main responsibilities

Ensure Back-Office processing of transactions and manage Operational risk
(a) within acceptable technical risks and in compliance with bank’s rules and operation procedures
(b) in conformity with conditions of transaction details
(c) timely and accurately in relevant systems with correct data and posting of entries to P&L accounts
(d) timely and accurately in all life events including payment, funding and resolution of suspense items
Provide good customer services by maintaining good relationship with external and internal parties
Business continuity
(a) provide effective back-up for the team
(b) work closely with other TCF teams wherever necessary

Main duties details

First check and/or counter-check import/export LC documents according to UCP600
Review customer applications and clarify with customers on ambiguous terms, if any
Ensure transactions are processed in conformity with transaction details
Monitor payment/acceptance of import/export bills and ensure notice of refusal are sent within time allowed as per documentation
Ensure data and accounting entry input into BO system are accurate
Perform compliance check and vessel screening

Legal and Regulatory Responsibilities

Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Singapore Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer/Compliance Officer.
Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.