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 Banks 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

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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