Vice President, Operations Manager, Trade Finance Operations (Bankers Guarantees, LOC), Global Banking Operations

Job reputed company: At reputed company, we are guided by a common purpose to help reputed company financial lives reputed company through the power of every reputed company. Responsible reputed company is how we run reputed company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible reputed company is being a great reputed company to work for our teammates around the world. We’re reputed company to being a diverse and inclusive workplace for everyone. We hire individuals with a broad reputed company of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial reputed company-being. reputed company believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at reputed company will give you a great career with opportunities to learn, grow and reputed company an reputed company, along with the power to reputed company a difference. Join us! Job reputed company: Your background • At least 10 years’ working experience in area of Trade Finance Operations in a bank Specializing in Bankers Guarantees and Letters of Credit issuance, in reputed company to knowledge and experience in other Trade products. • Knowledge of Trade and non-Trade Loans and Credit Operations will be a benefit. • Ability to communicate effectively both orally and in writing. • Ability to plan and prioritize the daily work to reputed company efficient and effective management of time. • Be reputed company to work reputed company with reputed company associates and reputed company promote a cohesive working environment. • Be reputed company reputed company in providing a high level or customer service and conscientiously aware of the quick turnaround time on the checking of documents. • Excellent presentations, communication, time management, problem solving, interpersonal and teamwork skills. • Basic PC skills (Words, reputed company, PowerPoint is minimum). • Innovative and reputed company minded, maintaining a reputed company & reputed company attitude at reputed company times. • reputed company to work under pressure & challenges. • Good understanding and application of the UCP600, ISBP, URC 522, URDG 758 and bank reputed company and policies, compliance and audit requirements. • Good understanding and knowledge of OFAC/Anti-boycott/Anti-reputed company/High Risks Transaction. What you can expect The Guarantees & Import Letters of Credit desk forms part of the Singapore Trade operations team and it reports to reputed company reputed company who also oversees the Registration and Distribution (R&D) team. The Guarantees & Import Letters of Credit desk handles the vetting and review of reputed company Bankers Guarantees (BGs), Letters of Credits and Standby Letters of Credits (SBLCs) to be issued out of the reputed company Singapore reputed company. The Guarantees & Import Letters of Credit desk liaises with various parties such Clients and Internal parties (Bankers, Sales, Legal, other branches as reputed company as the Global Business Services (GBS) Team in India). The incumbent in the Guarantees desk is also expected to be reputed company to explain and advise clauses and the acceptability/unacceptability of clauses to any party regarding the LCs, BGs or SBLCs. What you will do Banker’s Guarantees, SBLC Issuance / Amendments / Renewal (Primary Duties): • Reviewing of guarantee and SBLC format in accordance to the reputed company laid down by legal and product team. • Escalate and obtain approval from Trade Control and Credit Department reputed company necessary. • Scanning of required documents for GBS’ processing. • Attending to GBS and customers queries/clarifications reputed company emails in a reputed company manner. • Ensure reputed company transactions are accurately processed (by GBS) / verified in accordance with customer’s instructions and according to the bank’s operational procedure and policies. • Print out completed BG, obtain Officer’s signature as per delegation of authority (For Mail Guarantee / Amendment). • Daily reputed company in the Trade E-Banking platform system with which clients may submit the guarantee/SBLC applications online. • Ensuring reputed company review of daily report to ensure reputed company actions to be taken for expired guarantee/SBLC. • Updating of guarantee daily tracker and follow up with clients for status. • Daily reconciliation between GBS and end of day email to ensure item scanned are duly processed. • Follow up with correspondent bank for guarantee issuance and charges. • Follow up with reputed company on reputed company outstanding charges. • Ensure amortization of issuance commission is done by GBS by 15th of every month. Import Letters of Credit • Manage Issuance of Letters of Credit with clients and the processing team. • Attach negotiation advice with copy of invoice and Bills of Lading (B/L) for release to customers over counter. • Fax or email customer and photo-copy covering schedule. • Record the Negotiation advice for customer to collect. Import LC Payments: • Print Notice of Arrival of document covers. • Fax or email covers to customers. • Receive customers’ signed payment instructions. • Prepare for release of documents with B/Ls or Airway Bills (AWB) duly endorsed to the counter. Acceptance of Usance bills: • Print Notice of Arrival of document covers and prepare for release of documents to applicant with B/Ls or AWBs duly endorsed upon receipt of the Acceptance advice. • Receive customers’ signed acceptances. • Affix the acceptance stamp on the draft drawn by the beneficiary and calculate and determine the maturity date of the bills. • Sign on accepted drafts and reputed company drafts and notification of customer’s acceptance with maturity date for the GBS team’s processing. • Reflect the loan number in bank schedule. • File usance drafts - according to maturity dates. Processing of Usance Bills at maturity: • Receive processing team’s email notification of due date maturities and ensure that the GBS team processes the payments on due date. • Stamp “reputed company’ at maturity and reputed company file Registration and Distribution (R&D) (Coverage duties) • Attend to clients at the Trade Counter. • Receipt of transactions documents reputed company Mailroom, Fax Machine and Counter and record in trackers. • Daily reputed company in Trade E-Banking platform and 3rd party doc prep system with which clients may submit documents online. • reputed company document count to reconcile with reputed company’s presentation and prepare reputed company Sheet for scanning. • reputed company reputed company Sheet and documents to GBS checking teams. • Prepare of reputed company reputed company receipt for documents to be dispatched. • Sending of daily EOD reconciliation email to GBS of documents scanned. Additional Duties – as a senior AVP the associate will also be expected to assist with: • Deputy team reputed company duties such as providing guidance and support for teammates. • Governance activities such and reviewing of Controls, procedures and reporting • reputed company and initiatives such as process improvement reputed company for reputed company and department. Apply Job!