The Bank is looking for a Trade Finance Senior Officer in the Trade Finance Department. This is a back-office function that handles end-to-end processing, document checking, settlement, compliance, and record-keeping for all trade products—strictly following regulatory compliance related to AML/CFT and bank policies and procedures.
Transaction Processing
- Manage full lifecycle of LCs, SBLCs, guarantees, and documentary collections (issuance, advising, confirmation, amendment, transfer, claims, and discharge)
- Process trade financing: negotiation, discounting, acceptance, pre/post-shipment finance, supply chain finance, trust receipts, and factoring
- Execute cross-border and local remittances via SWIFT MT/MX formats; handle Nostro/Vostro settlements, interest/fee calculation, and booking
- Administer accounts, process amendments/cancellations, and perform reconciliation with general ledgers
Document Examination
- Review documents against UCP 600, ISBP, URC 522, and LC terms
- Verify Bills of Lading, invoices, packing lists, insurance, and certificates for completeness and consistency
- Identify discrepancies, resolve issues with customers/banks, and decide on acceptance or rejection
Compliance, Risk & Control
- Conduct sanctions, AML, and anti-financial crime screening using tools like World-Check One
- Review credit limits, facility validity, and collateral; flag high-risk and suspicious transactions
- Comply with MAS regulations, OFAC/UN/EU sanctions, and internal controls; follow Maker/Checker workflows and maintain audit trails
SWIFT & System Operations
- Prepare, verify, and authorize SWIFT messages; input transactions into core banking systems
- Perform compliance and vessel/port checks; maintain secure digital/physical records and archives
Customer & Stakeholder Support
- Advise corporate clients and correspondent banks on trade terms and procedures
- Provide status updates, settlement confirmations, and coordinate with other department such as Compliance
Reporting
- Resolve operational issues and follow up on outstanding items
- Prepare management reports, support audits, regulatory submissions, and month-end closing
- Assist in process updates, automation, and system UAT; perform other ad-hoc duties as assigned
Qualifications
- Diploma or higher in Banking, Finance, Business Administration, or related fields
- Preferably 3+ years of hands-on core Trade Finance Operations experience in a bank or financial institution
- Understand international trade rules, SWIFT MT/MX messaging, and compliance screening tools
- High attention to detail, strong risk awareness, and ability to work efficiently to meet deadlines
- Excellent communication and interpersonal skills; capable of working independently and collaborating effectively within a team