AVP, Trade Finance Manager

Employer: OCBC Bank
Location: Singapore, Singapore
Salary: Competitive
Closing date: Jun 9, 2023

Job Function: Operations
Industry Sector: Finance - General
Employment Type: Full Time
Education: Bachelors

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Overall purpose of the role
To be part of a dedicated team set up for the following purpose:

To augment the risk management for high-risk high value transactions under facilities granted to structured trade finance customers

Independent and effective end to end control of all transactions from receipt of transaction application to repayment for accounts admitted into STMO (including transaction reconciliation)
Review of all transactions to ensure compliance with terms and conditions stipulated in approved trade structure
Post transaction follow-up
Monitor portfolio and management of transaction collateral by Structured Trade Middle Office team
Escalate breaches (if any) to pre-agreed parties for remedial action

To ensure a high and consistent level of service delivery by

Early engagement during structuring of facilities to ensure operational viability of proposed facilities
Providing effective single point of contact for STMO customers
Providing priority transaction processing

Dedicated team acquires familiarity with customers' trading and operational patterns and will be able to identify deviations therefrom as well as changes in risk profiles.

Main activities / tasks (Roles and Responsibilities):

Responsible for portfolio management of collateral risk in commodity financing, reviewing all transactions, drawdown, Purchase and Sale contracts, Import and Export Letter of Credits for self-liquidating deals, insurance, approved structure terms and conditions and ensure they are within approved facility parameters, credit policies and other lending guidelines set out for structured trade and commodity finance
Manage specific accounts, assume ownership of all trade transactions under assigned accounts and ensure compliance with approved terms and conditions

Support and provide feedback to Global Trade Finance (GTF) Sales team and Relationship Manager (RM) on the operational workability of the monitoring requirement of the proposed structure terms and conditions regulating structured trade transactions
Co-ordinate with GTF Sales, RM and Trade Operations in the set up of the structured trade finance facility and standing instructions relating to the structure
Input transaction details into transaction monitoring system to monitor and track each company's structured trade transactions after facility line is implemented
Compile / update transaction statistics on commodity products which the bank is financing as required
Co-ordinate for all structured trade transactions to be channelled by the customer to various trade operation sections for execution
Provide effective single point of contact for structured trade finance customers
Provide end to end review, monitoring and manage execution, co-ordination of middle office activities for close control of transactions from receipt of transaction application to timely repayment
Assess the reasonableness of transaction terms and value vis-à-vis the prevailing market price and practices relying on available pricing source
Perform due diligence through screening/ reviewing and monitoring to ensure transactions conform with approved facility terms and conditions and escalate transaction/ facility deviations for follow-up remedial action and approval (make recommendation and resolution on the trade deviations and/ or exceptions when required)
Perform Mark-to-Market valuation and monitoring of security margin requirements with timely alert to related authority to any deterioration in the Bank's credit risk position by reacting to facility excesses, collateral shortfalls, changes in trading patterns and deviations or adverse transactional developments etc
Take custody, check/ verify title or other documents such as warehouse receipts, warrants, Banker's Guarantee etc to ensure compliance with facility structure requirements
Post transaction follow-up for timely receipt of collaterals such as with customer for outstanding documents, conditions, etc. and escalate breach to relevant authority for remediate action/ approval

General

Display good work ethics and attitude to foster a high-performance culture and teamwork
Institute continuous process improvements by identifying suitable areas for improvement to increase productivity
Adhere to Service Level Agreement (SLA), Procedures, Risk / Compliance Policies and Guidelines
Participate / support in Projects
Perform other tasks as may be assigned by Supervisor

Qualifications
Requirements

Knowledge of trade finance from end to end with strong risk awareness, good written and verbal communication skills, strategic in planning and organization, good interpersonal and people management skills.
Analytical and takes broad perspective in evaluating / providing solutions.
At least 7 to 8 years of Middle Office experience with commodities trade
Meticulous with a high degree of integrity, self-motivated, resilient and able to cope with pressure.
Good team player

AVP, Trade Finance Manager

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