Overview

Trade Finance Operations

Trade Manager – Trade Finance Operations – (250000EH)

Description

 

Job Description/Responsibilities:

  • Support the operational processing for Trade Products (Open Accounts – Accounts Receivables Purchase/ Invoice Financing/ Digital Financing but not limited to these products as team is cross functional etc.)
  • Perform Key controls, Reconciliation and monitoring of exceptions (if any).
  • Work closely with various stakeholders (Compliance, Risk Management, Product) to establish operational standards and procedures arising from new market needs.
  • Participate in comprehensive solutions for time to market and partnering with various stakeholders in implementing new deals and mandates.
  • Familiar with MAS626 and TBML Requirements including performing of sampling checks to ensure adherence to controls stipulated in risk assessments including independent review for AML/Compliance related Controls.
  • Support product initiatives and ability to harmonize processes and policies.
  • Provide business/user inputs and guidance given the Trade Expertise for rollout of changes, enhancements to trade transaction processing platform.
  • Active Participation in trade finance/risk/AML related initiatives/projects when assigned.

 

Qualifications

 

  • The ideal Candidate to meet the following requirements:
  • A university degree in Accounting/Commerce/Economics/Finance, Banking, or related discipline with minimum of 8 years of relevant working experience.
  • Proficient in Trade Finance Products in particular Open Accounts products, Risks and Control Concepts.
  • Knowledge and Prior Experience handling multiple Trade Products will be a plus.
  • Good knowledge of transaction filtering and the Trade Based Money Laundering, AML & Sanctions risks relating to bank & Trade Finance operations.
  • Strong analytical skills and forward looking with good risk amplitude.
  • Good communication (including written), good interpersonal skills.
  • Self-Motivated individual who is a keen learner and open mindset to challenge status quo for Process Improvements.
  • Prior Knowledge in Programming and use of various tools for Data Analytics/Programming and controls will be advantageous.
  • Ability to handle stress and timelines

 

Primary Location

: Singapore

Job

: Operations

Organization

: Trade Finance Operations

Schedule

: Permanent

: Full-time

Job Posting

: 17-Mar-2025, 4:42:08 PM

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About OCBC Bank

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.

OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.