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 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 / authorising 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 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
Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
Location:
DBS Sydney
Job:
Operations
Schedule:
Regular
Employee Status:
Full time
