Job Description Morgan McKinley is working in partnership with a leading investment bank that provides corporate and investment banking and capital markets services to corporate and institutional clients.
The Singapore team is looking for a Manager to lead their trade finance operations team based in Singapore. As the team lead, you are expected to provide leadership and oversight over a team of 4, as well as playing a checker role for the transactional processing for the APAC business.
Role and responsibilities
Lead and support a team who offers trade finance solutions to corporates and banks
Provide strategic directions to their management team and align them with the business initiatives.
Strong knowledge of industry practices, local market trends, regulatory environment and requirements.
Enhancing employee engagement and driving culture of recognition for excellent service and innovation.
Problem identification/resolution and timely escalation and reporting to the
Drive continuous improvement of processes, and coaching team members to build skills and improve efficiencies.
Interact and communicate with internal and external customers to resolve issues or address inquiries.
Collaborate with business partners as part of the operating circles.
Execute the Operations strategy with a focus on continuous improvement related to service quality, SLA, cost and controls.
Maintain full knowledge and understanding of internal and external developments, market conditions, regulatory and other changes impacting Trade Finance and loans
Ensure all controls and policies adheres to department standards and periodically testing such controls.
Streamline processes and lead change initiatives with emphasis on change management, cost controls, risk mitigation and customer service.
The senior point of escalation for the unit and provide support for the global businesses, clients and products in which we operate.
Encourage colleagues to show initiative, motivation, cooperative thinking, team spirit and a business-oriented approach.
Ensuring the timely and accurate processing of all Trade Finance transactions;
Ensuring cross back up and contingency plans are in place and workable;
Ensuring prompt response to queries from customers, counterparties, front office or other units of the bank;
Providing technical advice on Trade Finance matters to clients,
Assisting clients in their contractual negotiations and making the most of such contact to identify and solicit new business;
Visiting and/or acting as a reference point to clients, as required;
Assisting the Front Office to structure and deliver new Trade Finance products to clients.
Ensuring all transactions processed are properly recorded in the Bank's credit and accounting systems and that all transaction files contain sufficient paper trail for audit purposes;
Ensuring all transactions processed are properly authorized and required documentation is obtained;
Ensuring proper due diligence is conducted for Trade Finance transactions in accordance with the AML Enhanced Due Diligence Procedures for Trade Finance;
Ensuring the Bank complies with all local regulations of each processing office and is not exposed to any regulatory risk;
Conducting operational reviews on a regular basis to improve existing operations and identify potential risk areas as the business lines evolve overtime;
Ensuring the Operations Team has met all financial reporting and disclosure requirements.
Minimum 10 years of experience in the Trade Finance and Lending Operations space in the financial sector
Experience in team management
Solid understanding of UCP and international banking practices, various SWIFT payment and trade finance message types;
Knowledge on import L/C processing, collections, guarantees, loan administration and risk participations/
Trade Finance related Anti-money laundering (AML) and Anti-Terrorist Financing (ATF) expertise
Proficient in Microsoft Office
Good verbal and written communications skills;
Ability to work with clients/counterparties and internal stakeholders at various levels.
Effective partner, collaborator
Ability to act with speed and agility
Strong knowledge of Trade finance & Lending Operations
Ability to influence and negotiate with partners
If you are interested in the role and would like to discuss the opportunity further, please click apply now or email Hagen at email@example.com for more information.
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.