About the role
AI summarisedThe Trade Finance Manager is responsible for overseeing daily trade finance transaction processing, ensuring compliance with SLIs and AML regulations, managing a team, and driving process improvements at a leading Singapore bank.
BusinessFull-timeGeneral
Key Responsibilities
- Supervise and perform daily processing of trade finance transactions to ensure compliance with SLIs.
- Monitor and resolve exceptions, ensuring timely handling of all applications, instructions, and documents received.
- Review trade finance documents (letters of credit, bills of lading, invoices, shipping documents) to identify potential AML red flags.
- Conduct in-depth analysis of transaction details, parties involved, and transaction history to assess risk levels.
- Utilize AML screening applications and databases to screen individuals, entities, and counterparties involved in trade finance transactions.
- Investigate and escalate any matches or suspicious findings for further review.
- Ensure daily operations are executed efficiently and in accordance with SLAs and guidelines.
- Conduct day-end reconciliation of items received versus processed and monitor outstanding/pending transactions.
- Develop, motivate, and lead staff by providing quality training and guidance to enhance competency and adaptability.
- Identify and implement process improvements to enhance productivity and efficiency.
Requirements
- Evaluate risks associated with trade finance transactions and provide risk ratings based on AML findings.
- Collaborate with the compliance team to develop and implement risk mitigation strategies.
- Stay informed about AML regulations, sanctions lists, and relevant laws to ensure compliance in all trade finance activities.
- Maintain accurate records of AML screening activities for audit and compliance purposes.
- Conduct AML training sessions to promote awareness and adherence to AML policies and procedures among staff.
- Exhibit excellent interpersonal and communication skills, maintaining a high level of discretion and integrity.
- Proficiency in Microsoft applications and IT systems is advantageous.