Executive, Trade Finance

Company Profile

SBI Singapore (SBIS) has 5 retail branches, 19 SBIS ATMs and over 200 ATMs via the shared island wide ATM5 network.

SBIS has a suite of retail banking products which complement its existing corporate banking products thus enabling us to service both individual and corporate customers. In Commercial and wholesale banking, our areas of operation include ASEAN, South East Asia and South Asia.

SBIS leverages on its extensive international network of branches to offer a wide range of Import/Export Trade Finance Services, in both Singapore Dollar and foreign currencies to facilitate the business needs of customers.

Responsibilities

• Processing of Letters of Credit – direct / 2nd Advising and LC amendments.
• Attend to clients over the counter for LC / Amendments collection and handle LC advising charges collection.
• Tally daily receipt of advising/amendments charges made by cheque or cash, deposit cash at branch and present cheque for collection every day.
• Follow up with clients/LC issuing bank via phone, email or Swift messages for LC / Amendment pending collection at the counter for more than 3 days and for pending advising charges.
• Lodging and dispatch of export documents under LC & non-LC.
• Putting up discounting bills for approval along with summary of charges.
• Conduct all due diligence / EDD checks such as name screening, sanction checks, as per AML CFT policy and to ensure all checks done as per product checklists if confirmation is required.
• Ensuring that all transactions are done as per various policy/regulatory guidelines (compliance, risk, loan, UCPDC, TF Manual and AML/ CFT Policy and Procedures and ICC guidelines etc.).
• Reconciliation of Nostro account entries related to the area of operations.
• Attending to queries of customers, supervisors and other banks via phone mail, swift, walk in etc. related to the area of operations.
• Other trade related activities based on business / Bank requirements.

• Degree or Diploma equivalent preferably in Banking / Finance.
• 1-3 years’ experience in Trade Finance / Operations role in Bank (Freshers may also be considered).
• Good understanding of banking compliance.
• Good communication and interpersonal skills with ability to interact with all levels of staff and management.
• Sound knowledge of Microsoft applications: Excel/Word/PowerPoint.