VP/AVP, Team Lead - Structured Trade Operations, Institutional Banking Group Ope

DBS Bank Limited; Singapore; On-site; SGD 120,000 - 150,000; Full time

Job summary

A leading financial services group in Singapore is seeking a Trade Finance Operations Manager with a strong background in managing teams and trade finance products. This role demands strategic planning, operational oversight, and effective communication with internal and external stakeholders. The ideal candidate will possess a degree and extensive experience in trade finance operations, driving efficiency and excellence within the team.

Benefits

Competitive salary and benefits

Supportive development environment

Qualifications

• Minimum 10 years in Trade Finance Operations; 3 years in a team management role.
• Conversant in UCP600, ISBP, URC522, ISP98, URR725.
• Solid understanding of Trade Finance products and regulatory requirements.

Responsibilities

• Manage daily Trade Finance transactions and oversee operations.
• Execute strategic planning and establish duty rosters.
• Provide guidance and training to ensure adherence to SOPs.

Skills

Trade Finance

Leadership

Problem-Solving

Interpersonal Skills

Communication

Education

Degree from a recognized University

Tools

MS Office

SWIFT messages

Job description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Operations enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, people capability and innovation. In Group Operations, we manage the majority of the Bank’s operational processes and inspire to delight our business partners through multiple banking delivery channels.

Responsibilities

• Manage daily Trade Finance transactions authorization and or provide second level check (Import/Export/SBLC issuance)
• Oversee day-to-day operations, analyze Department processes to improve quality, productivity and efficiency
• Execute strategic planning on team resources for optimal and operational efficiency
• Establish duty rosters for processors and authorizers, allocate and distribution Ready-to-process transactions to respective processors at beginning of day
• Monitor and perform controls on entries reconciliation, investigation and follow-up on ad-hoc matters
• Responsible for identifying and making right decisions to resolve operational issues and ensure timely escalation to Section Head of STO and HOD.
• Assist Section Head of STO in ad-hoc projects and ensuring that the assigned tasks are completed within stipulated time frame
• Participate in assigned UAT and LV for system enhancement and implementation
• Implement effective operational processes and procedures
• Provide guidance and training to staff to ensure Department SOP, Bank’s policies and guidelines are strictly adhered to
• Lead and motivate team to achieve the Goals (KPI) that have been set

Requirements:

• Degree holder from a recognized University
• Minimum 10 years working in Trade Finance Operations within a bank, with at least 3 years of experience in managing a teamin the Structured and Commodity Finance environment covering all Trade Finance products (Import/Export/SBLC issuance)
• Goodworking attitude and positive mindset
• 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
• Ability to make strategic planning for team resources and manage e-Performance
• Have extensive knowledge in Trade Finance products and regulatory sanction requirements
• Ability to work effectively and independently as an individual as well as in a team
• Ability to coach and guide team to ensure Department SOP, Bank’s policies and guidelines are adhere to
• Ability to develop, implement and review policies and procedures
• Ability to exercise sound judgement on transaction monitoring and escalation of red flags
• Ability to leverage on MS Office applications (Excel, Words, Power Point)
• Strong logical and problem-solving skills.
• Conversant & competent in application of UCP600, ISBP, URC522, ISP98, URR725 and Incoterms.
• Proficient in SWIFT messages such as MT7xx, MT4xx, PAC8 and PAC9
• Work cohesively to build alliances and partnerships with Structured Trade Middle Office (STMO), Regional Trade team, Business Units (RM and GTS) and other stakeholders

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.