Trade Services Analyst

  • Sector: LMA Asia Banking Operations
  • Contact: Hiong Hao Yi
  • Contact Email: shazelina.shafei@lmarecruitment.asia
  • Client: LMA
  • Location: Singapore
  • Salary: Up to S$4500.00 per month
  • Expiry Date: 22 July 2022
  • Job Ref: BBBH394819_1655887729

Trade Services Analyst

Position Purpose

To process Bank Guarantees/ Import/Export/transactions

Direct Responsibilities

  • Ensure that all transactions and tasks assigned are processed/carried out in accordance with the operating/compliance procedures.
  • Liaise and coordinate with the back office to ensure smooth processing of transactions within the set turnaround times
  • Liaise with Marketing Officers and Risk whenever necessary regarding solutions for adhoc transactions touching on customer's risks and commitments or irregular transactions.
  • Handle customer/internal inquiries effectively and provide advice on trade products
  • Vetting of Bank guarantee texts, highlight problematic/missing clauses
  • Initiate and input transactions as and when required.
  • Also Verify and approve transactions within their authority level
  • Look into customer's / correspondent's complaints in liaison with Team Manager.
  • Perform any other duties delegated by Team Manager from time to time. .
  • Ensure appropriate escalation to management and/or permanent control (or compliance as appropriate) as soon as an issue is identified.
  • Comply with internal and external regulatory and compliance requirements
    Anti‐Money Laundering / Financial Sanctions "AML/FS") related duties: Operations are an integral part of the control framework including for AML/FS topics. In that respect, in performing your role you are expected to ensure adherence to AML/FS‐related Group Policies and execution of associated operational controls, and to promptly escalate any resulting hit for analysis and decision.

Requirements

  • 1 Year of experience in handling Bank guarantees issuances/reissuances.
  • Preferably some experience in trade import/export transactions processing
  • Working knowledge of the ICC rules relating to Guarantees and SBLCs/Documentary Credits/Collection

Company Reg No.: 201131609D l License No.: 11C4684 l EA Reg no: R21100351