Associate / Senior Associate, Trade Finance Operations, Technology and Operations, DBS Australi[...]

Associate / Senior Associate, Trade Finance Operations, Technology and Operations, DBS Australia (Sydney) 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 / authorizing 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 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 Timely preparation of monthly, ad-hoc fees and accruals related to Guarantees within agreed SLA. 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 #J-18808-Ljbffr