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Advertisement Detail: Head of Operations

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Date Posted: 23 November 2018 / Location: Singapore

About the job

Corporate Banking
Trade Finance
Operations
Documentation
Singapore
23 November 2018
23 November 2018
Reporting to the Deputy General Manager, you will manage a team and be responsible for Import & Export Bills (IEB) & Loan Administration, as well as Treasury Settlement.

You will manage the Trade Finance products and services efficiently to satisfy customer, which include the outsourcing of Trade Finance processing. You will ensure accounting data pertaining to customer transactions are entered in the bank books in a timely and accurate manner after they are processed and that proper records are maintained.

You will ensure the IEB Operation Manual is promptly updated and reviewed and will review MAS and Head Office reporting related to IEB, in order to ensure proper AML screening of all incoming/ outgoing SWIFT messages and documentation for all Trade Finance transactions.

You will ensure proper loan processing/ administration duties, including loan drawdown/ rollovers/ repayment/ prepayment and will ensure all necessary correspondence such as rollover notice, credit/ debit notices and rate fixing with borrowers/ banks are in correct order. You will advise the Settlement team on new facility drawdown, repayment, interest, fees and will ensure the related movement of funds are properly documented.

You will review the duties relating to credit administration for the portfolios of the Singapore Branch and the Originating Branches (Loan Booking) and will ensure proper AML screening for all corporate loan transaction documents from customers, as well as prompt and accurate SWIFT messages for loan disbursement in the system.

You will ensure that deals are correctly authorized, verified, processed, inputted into the system, confirmed and settled and payments are approved and processed in accordance with the approved payment procedure. You will ensure Nostro account balance are reviewed and reconciled on a daily basis and discrepancies, if any, are followed up immediately.

You will review MAS and Head Office reporting related to the Treasury Department and will ensure prompt DTCC-MAS reporting for FX and IRS to MAS, as well as perform proper AML screening for all incoming/ outgoing SWIFT messages for all Treasury Settlement in the system.
• Degree holder
• At least 8 years of related work experience in the banking industry
• Able to communicate and write Chinese fluently
• Experience in managing people


Submit your application to recruitment@wmrc.com.sg quoting the Job Title or call +65 6549 7818 for more information.

Your interest will be treated in strict confidence.

Data collected will be used for recruitment purposes only. Personal data provided will be used strictly in accordance with the relevant data protection law and WMRC's personal information and privacy policy.

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