Associate / Senior Associate, Trade Finance Operations, Technology and Operations, DBS Australia (Sydney)

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.

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