Bank DGO Associate (Trade Documentation & Guarantees)

Responsibilities

• 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
• Or
• 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 within acceptable technical risks and in compliance with bank's rules and operation procedures
• -inconformity with conditions of transaction details
• -timely and accurately in relevant systems with correct data and posting of entries to P&L accounts
• -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
• -provide effective back-up for the team
• -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:
• Maintain appropriate knowledge to ensure to be fully qualified to undertake the role. Complete all mandatory training as required to attain and maintain competence.
• Secondary duties:
• Other duties as and when may be assigned by Dept Head

Requirements

• Minimum 5 years of Commodity Trade Finance experience
• Relevant experience in handling documentation and guarantees
• Well versed in UCP600, ISBP, ISP, Incoterms
• CDCS certification will be preferred

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