Job Description
Role Title: Analyst/Senior Analyst, Trade Operations
Role location: Singapore Based
How will I help
As the Analyst/Senior Analyst, Trade Operations, you will be responsible for Trade Finance document credit checking/processing. This role will handle commodity trade middle office function as well.
You will also:
Operations Functions
- Check and process documents under Documentary Credit for both Import and Export/Trade Loans (Receivables Financing/Risk Participations/etc).
- Advise documents checking status to the Trade Service Team, whether compliance or discrepant.
- Co-ordinate with Service/Middle Office Team on the documents and process flow.
- Ensure adherence to Department SOP, Bank Policies and Guidelines.
- Ensure all transactions and tasks assigned are carried out in accordance with the operating and compliance procedures.
- Ensure smooth processing of day-to-day transactions within stipulated Service Level Agreement.
- Perform trade sanctions screening, identify red flags and escalate as per Bank Procedures.
- Conduct transaction monitoring, follow-up on end-to-end process handling for structured deals and provide regular status updates to STMO (Structured Trade Middle Office).
- Address any swift query from Bank pertaining to the documents checked and provide appropriate respond for Processor to reply to the Bank.
- Manage daily workflow to meet and exceed client expectations.
- Identify areas for process improvement.
- Achieve to meet Goals Setting (KPI).
- Participate in ad-hoc projects and assignments.
- Participate in assigned UAT and LV for system enhancement and implementation where applicable.
Middle Office Functions
- Review the Customer Facility Structure against the Commodity applications for compliance with approved terms and conditions and manage deviation process handling.
- Ensure proper credit approval has been obtained for exception and ad hoc excess prior to releasing transaction for processing.
- Follow up with monitoring requirements to ensure successful end-to-end transaction completion
- Be customer-centric and manage effectively from clients and stakeholders on trade technical query and/or documentary checking status; Provide solutions and/or recommendations.
- Liaise with clients on unclear instructions and obtain proper documentation before handling transaction to Processor.
- Report of exceptions, irregularities and suspicious transactions
- Liaise closely with Operation team to facilitate turning around of the transactions in an efficient and effective manner
- Collaborate with cross-functional teams including legal, risk, compliance and product specialist to support deal execution.
- Deliver efficient and good quality products and services to internal and external customers in accordance with the service standards
- Ensure compliance of system and control procedures in line with internal procedures, polices and guidelines
What's in it for me
The Analyst/Senior Analyst, Trade Operations will be critical in ensuring the effective operation of the trade middle office function.
You will have access to a comprehensive range of Westpac benefits including flexibility and various leave entitlements.
What do I need
- Degree holder with at least 3-5 year experience with Trade Finance products including Letter of Credit, Documentary Collections, Standby Letter of Credit (Commodity trade finance experience would be beneficiary.)
- Good knowledge on ICC UCP, ISBP, URC, URR, ISP and URDG rules
- Resourceful, independent and reliable
- Familiar with knowledge of Trade Finance risk and fraud
- Meticulous and organized
- Confidently and effectively deal with business partners and other stakeholders
What's it like to work here
When you join, you'll become part of the broader Westpac Group family – where we aim to be a friendly, switched-on team working for a single purpose - Creating Better Futures Together – it's what we do, who we are and why we come to work every day. As an equal opportunity employer, we're proud to have created a culture where people can be their best, in an environment that values diversity and flexibility.
Within the Westpac Group, you will be part of the Institutional Banking division, where our vision is to be a high performing and innovative institutional bank, committed to enabling the growth of our global clients, our economy, and delivering sustainable shareholder returns.
How do I Apply
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