Transaction Services Specialist - Commodity and Structured Trade Operations, Institutional Bank[...]

DBS; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Transaction Services Specialist for its Commodity and Structured Trade Operations team. The role involves managing Trade Finance products, ensuring compliance, and providing exceptional client service. Candidates should have a degree and 2-3 years of experience in Trade Finance Operations. Strong interpersonal skills and knowledge of SWIFT messages are essential. This position offers the opportunity to improve processes and engage with multiple stakeholders.

Qualifications

• 2 to 3 years working experience in Trade Finance Operations within a bank.
• Competent in application of URC522 and URR725.
• Good working knowledge of UCP600, ISBP, ISP98, and Incoterms is advantageous.

Responsibilities

• Processing and handling Trade Finance products.
• Ensure transactions are carried out according to compliance procedures.
• Manage daily workflow to meet client expectations.
• Conduct transaction monitoring and follow-up on structured deals.

Skills

Client service oriented

Sound judgement on transaction monitoring

Strong interpersonal and communication skills

Ability to work effectively independently

Education

Degree holder

Tools

SWIFT messages (MT7xx, MT4xx, MT202, MT103)

Job description

Job Description - Transaction Services Specialist - Commodity and Structured Trade Operations, Institutional Banking Group Operations, Technology & Operations (2400002S)

Transaction Services Specialist - Commodity and Structured Trade Operations, Institutional Banking Group Operations, Technology & Operations - ( 2400002S )

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Responsibilities

• Processing and handling Trade Finance products (Import/Export/SBLC issuance).
• Ensure all transactions and tasks assigned are carried out in accordance with the operating and compliance procedures.
• Ensure smooth processing of day-to-day transactions within stipulated Service Level Agreement.
• Ensure assigned operations duties are duly performed.
• Ensure adherence to Department SOP, Bank’s policies and guidelines.
• Perform trade sanctions screening, LLI checks, IMB checks, identifying red flags and elevate as per Bank’s procedures.
• Timely escalation of operational risks incidents.
• Be customer centric and manage queries from clients effectively and provide solutions and or recommendations on trade finance matters.
• Liaison with clients on unclear instructions and obtain proper documentation before execution.
• Manage daily workflow to meet and exceed client expectations.
• Identify areas for process improvement.
• Achieve to meet Goals Setting (KPI).
• Participate in ad-hoc projects and assignments.
• Participate in assigned UAT and LV for system enhancement and implementation.
• Conduct transaction monitoring, follow-up on end to end process handling for structured deals and provide regular status updates to STMO (Structured Trade Middle Office).
• Work closely with STMO, BU, GTS and other stakeholders on the daily transactions.
• Filling and archival of bills.
• Perform DHL courier manifest and enveloping.

Requirements

• Degree holder with at least 2 to 3 years working experience in the Trade Finance Operations within a bank, preferably in the Structured and Commodity finance environment.
• Client service oriented.
• Ability to exercise sound judgement on transaction monitoring and escalation of red flags.
• Proficient in SWIFT messages such as MT7xx, MT4xx, MT202 and MT103.
• Conversant and competent in application of URC522 and URR725.
• Good working knowledge of UCP600, ISBP, ISP98 and Incoterms would be an added advantage.
• Good working attitude and positive mindset.
• Ability to work effectively, independently and a team player.
• Strong interpersonal and communication skills with the ability to adapt to the changing needs of the organization and demands of both internal and external stakeholders.
• Work cohesively to build alliances and partnerships with Structured Trade Middle Office (STMO), Regional Trade team, Business Units (RM and GTS) and other stakeholders.