Analyst, Structured Trade Operations Analyst, Structured Trade Operations …

DBS Bank Limited
in Singapore
Permanent, Full time
Be the first to apply
Competitive
DBS Bank Limited
in Singapore
Permanent, Full time
Be the first to apply
Competitive
Analyst, Structured Trade Operations
Business Function
Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.
Documentary Credit Operations
  • Issue and amend documentary credit under instructions of our clients
  • Advising of documentary credit issued and/or amended by issuing bank in favour of our client
  • Confirmation of documentary credit on open or silent basis
  • Transfer documentary credit on partial or total basis
  • Examination of document under LC
  • Prepare covering schedule and enclose documents for despatch to client or bank
  • Advising of documentary status to client, whether compliant or discrepancies
  • Send advice toIssuing banks to claim funds/advise negotiation
SBLC Operations
  • Issue and amend SBLC under instructions of clients
  • Advise SBLC issued and/or amended by Issuing bank in favour of our clients
  • Examination of claims and supporting documents for despatch to client and bank
  • Advising of compliant claim or discrepancies to client
  • Advise refusal to banks due to discrepant claim and/or supporting documents received
  • Send advice to issuing bank to claim funds/advise negotiation
Collection Operations
  • Preparing covering schedule to enclose documents to client for import trades
  • Deliver documents against payment or acceptance
  • Tracing for payment and/or acceptance
  • Follow up and collection of holding fees
  • Protesting for non-payment and/or acceptance
  • Prepare covering schedule to enclose documents for dispatch to collecting bank / drawee for export trades
Shipping Guarantees
  • Issue shipping guarantee against client indemnity for discharge of cargo by sea or air transportation
  • Tracing for redemption of shipping guarantee
  • Redeem shipping guarantee and collect charges
  • Book client's liability for LOI received to cover discrepancies noted in documents drawn under Export LC
  • Book off client's liability for LOI (Discrepancies) held by us after Issuing Bank has taken up documents
Settlement of transactions
  • Contact paying and receiving bank of reimbursement/payment confirmation
  • Notify customer of claim/document received and follow up with payment/financing instruction
  • Prepare settlement of bills and/or claims under LC, standby, guarantees etc and banking charges
  • Processing of payment and/or financing via IMEX
Internal and external customer support
  • Contact customer to clarify unclear instructions, to discuss details of transactions or to follow up on documentation
  • Coordinate with CCU to uplift Offering tickets
  • Work closely with STMO, BU, GTS and other stakeholders on the daily transactions
Despatch and archiving
  • Filing and archiving of live and historical records under CSTO operations in fire proof safe
  • Perform DHL courier manifest and enveloping
Others
  • Ensure all policies, guidelines and SOP are adhered to
  • Participate in LV and any adhoc projects assigned
  • Participate in process improvement initiatives to improve productivity and efficiency
  • Timely escalation for non BAU incidents

Requirements
  • Fresh graduate from a recognized university and/or at least 2 to 3 years working experience in the Trade Finance Operations within a bank, preferably in the Structured and Commodity finance environment
  • Client service oriented
  • Ability to exercise sound judgement on transaction monitoring and escalation of red flags
  • Proficient in SWIFT messages such as MT7xx, MT4xx, MT202 and MT103
  • Conversant and competent in application of URC522 and URR725
  • Good working knowledge of UCP600, ISBP, ISP98 and Incoterms would be an added advantage.
  • Good working attitude and positive mindset
  • Ability to work effectively, independently and a team player
  • Strong interpersonal and communication skills with the ability to adapt to the changing needs of the organization and demands of both internal and external stakeholders
  • Conversant & competent in application of UCP600, ISBP, URC522, ISP98, URR725 and Incoterms.
  • Work cohesively to build alliances and partnerships with Structured Trade Middle Office (STMO), Regional Trade team, Business Units (RM and GTS) and other stakeholders.
Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.


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