AVP/ VP - Trade Finance Portfolio Monitoring AVP/ VP - Trade Finance Portfolio Monitoring …

Search Ally Pte Ltd
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 19 Jan 20
$100K - $120k p.a.
Search Ally Pte Ltd
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 19 Jan 20
$100K - $120k p.a.
Our client is an established bank looking for a senior professional (AVP/ VP) who can potentially take over as team head in a couple of years’ time.

Salary: $100,00 - $120,000 p.a.
Location: Central
Job Responsibilities

  • Extract and download commodity prices from price reference sources at the beginning of a working day;
  • Vetting all applications for trade finance transactions submitted by the Bank's client;
  • Prepare transaction approval, co-ordinate and communicate with internal and external clients on approval for trade finance transactions ,including limit excesses, cash earmarking, cash deposits, funds in-take, stocks position, release of stocks, warrants, warehouse receipts and/or other shipping documents, follow up on shipment details and submission of collaterals/securities etc;
  • Monitoring of bank lines and country cap exposures for LC Discounting Bills;
  • Perform daily mark-to-market when required by the Credit Approval for clients who are under collateral management agreement (CMA) financing and where applicable, financing against unsold cargo;
  • Daily co-ordination and communication with Business Line and clients on approval for commodity trade finance transactions, stocks position, release of stocks, warrants, warehouse receipts and/or other shipping documents, follow up on shipment details and submission of collaterals/securities etc;
  • Daily co-ordination and communication with Trade Finance Admin and other operations support units in the Bank on commodity trade finance transactions approval, limits excesses, cash earmarking, cash deposits/funds in-take and releases etc;
  • Monitor Loan-to-Value (LTV) ratio to ensure it is not breached before authorizing stocks releases otherwise ensure related loans are duly pay-off or earmark cash accordingly;
  • Quarterly revaluation and input of collaterals in Loan IQ.
  • Any other job duties as and when assigned by the Team Head and Head, Trade Finance Support Services

Job Requirements:

  • Minimum 10 years' relevant experience in Commodity Trade Finance / Trade Finance Operations (Back Office) or  Collateral Management (Middle Office) from banks or commodity trading houses
  • Leadership experience preferred 
  • Good Communication skills
  • We regret that only shortlisted candidates will be notified.

Search Ally Pte. Ltd  |  [EA License Number] 18C9289  |  [Registration Number] R1551292

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