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Urgent! manager - trade finance Job Opening In Singapore, Singapore – Now Hiring Indian Overseas Bank
Key Responsibilities & Job Scope
Manage the daily operational workflow for all types of trade finance instruments, including:
Letters of Credit (LC): Scrutinizing LC terms, issuing, advising, confirming, amending, and handling document presentations with zero tolerance for discrepancies.
Bank Guarantees / Standby LCs: Drafting, issuing, and monitoring the validity of performance, bid, and financial guarantees.
Documentary Collections: Handling export and import collections (Documents against Payment & Acceptance) efficiently.
Buyers Credit and Suppliers Credit: Transaction processing, monitoring, realization of dues upon receiving of payment.
Perform a thorough check of all shipping and trade documents (invoices, bills of lading, certificates of origin, insurance documents, etc.) for compliance with LC terms and international standards.
Ensure accurate and timely processing of payments, acceptances, and financing disbursements like Packing Credit, Trust Receipts, and Invoice Financing.
Monitoring the counter party limits and country limits allocated.
Uphold the highest standards of operational risk management.
Implement and monitor robust internal controls to prevent fraud and operational losses.
Ensure strict compliance with all relevant regulations, including MAS notices, Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Know Your Customer (KYC) policies.
Maintain a deep understanding and practical application of ICC rules (UCP 600, URDG 758, URC 522, Incoterms 2020).
Prepare for and actively participate in internal, external, and regulatory audits.
Quick address to the audit observations within the timeline.
Continuously review and streamline operational processes, checklists, and workflows to reduce turnaround time, minimize errors, and enhance customer service.
Document procedures and ensure they are kept up to date.
Allocate workloads, monitor team performance, and conduct performance appraisals.
Act as the primary point of escalation for complex operational issues within the team.
Must have an in-depth, practical knowledge of UCP 600 and other ICC rules.
Certification (e.g. CDCS, CSDG) will be a significant advantage.
Proven track record of managing high volumes of trade transactions with precision.
Strong working knowledge of Singapore banking regulations, particularly MAS guidelines related to trade finance.
Excellent leadership, communication, and problem-solving skills.
Proficient in using trade finance software and core banking systems.
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Unlock Your manager trade Potential: Insight & Career Growth Guide
Real-time manager trade Jobs Trends in Singapore, Singapore (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for manager trade in Singapore, Singapore using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 44712 jobs in Singapore and 40214 jobs in Singapore. This comprehensive analysis highlights market share and opportunities for professionals in manager trade roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! Indian Overseas Bank is currently hiring and seeking a manager trade finance to join their team. Feel free to download the job details.
Wait no longer! Are you also interested in exploring similar jobs? Search now: manager trade finance Jobs Singapore.
An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Indian Overseas Bank adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a manager trade finance Jobs Singapore varies, but the pay scale is rated "Standard" in Singapore. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for manager trade finance typically include Other General and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
To improve your chances of getting hired for manager trade finance, consider enhancing your skills. Check your CV/Résumé Score with our free Resume Scoring Tool. We have an in-built Resume Scoring tool that gives you the matching score for each job based on your CV/Résumé once it is uploaded. This can help you align your CV/Résumé according to the job requirements and enhance your skills if needed.
Here are some tips to help you prepare for and ace your job interview:
Before the Interview:To prepare for your manager trade finance interview at Indian Overseas Bank, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Indian Overseas Bank's products or services and be prepared to discuss how you can contribute to their success.
By following these tips, you can increase your chances of making a positive impression and landing the job!
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