Associate / Senior Associate, Trade Finance Operations, Technology and Operations, DBS Australia (Sydney) (WD79918)
Job Description
Associate / Senior Associate, Trade Finance Operations, Technology and Operations, DBS Australia (Sydney) - ( WD79918 )
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.
Job Purpose
A team member of the DBS Australia Branch Operation team and responsible for day to day Trade Finance transaction processing / authorising and control of the associated operational risks in order to support the business.
Key Accountabilities
* To ensure completion of Trade Finance transactions including payment and settlement instructions without error and in accordance with the agreed SLA
* To monitor risks and controls of the transactions in accordance with Group processes, policies and country regulations
* Preparation of monthly reports and matrix to monitor performance of transactions
* To adhere to risk and compliance protocol of Group processes, policies and country regulations
Job Duties & responsibilities
* A team player in the Branch T&O to ensure timely processing of all Trade Finance related transactions
* 100% conversant in Trade Finance matters and able to hold sensible transaction conversations with key clients and stakeholders
* Review and approve instructions sent by maker to hub for processing all Trade Finance products
* Active back-up for the Loan Operation and Cash Operation personnel
* Provide operational support to the GTS team and IBG Relationship Managers
* Ensure remediation of back logs if any
* Complete and adhere to checklists to ensure transactions are executed properly and timely.
* Execute procedures and controls required by the bank in order to comply with laws, regulations and policies.
* Ensure 'DCFC' Departmental Control Function Checklist, daily and monthly items are completed
* Work with various departments or HO to complete projects and HO initiatives that improve the Branch process and systems.
* Periodic reporting of Key Risk Indicators, dashboard and reports required by management.
* Escalate exceptions to the attention of senior staff within Operations, follow through to ensure that proper actions are taken.
* Execute 'RCSA' risk & control self‑assessments or other review instructed by senior T&O staff.
* Preparation of key daily reconciliations in a timely manner
* Assist in the preparation of the GLAO reconciliation on a monthly basis within agreed SLA's
* Timely preparation of monthly, ad‑hoc fees and accruals related to Guarantees within agreed SLA's
* Any other responsibilities that may be assigned by Management from time to time
Experience required (minimum 5 years)
* Solid understanding in Documentary Credits, Documentary Collections, LC Issuance, Advising, Confirmation, Negotiations & Discounting, Bank Guarantees & Standby LCs, Funded Trade Products and Supply Chain Finance
* In‑depth knowledge of latest ICC rules – UCP, URC, ISBP, ISP, URDG and Incoterms
* Effective interpersonal and communication skills
* Good analytical and problem‑solving skills
* Basic level Corporate Loans product /process knowledge
* Basic level Cash Operations process knowledge
* Good understanding of trade operational policies, processes and controls.
* AML / CTF and sanction monitoring for trade products
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.
#J-18808-Ljbffr