United Overseas Bank Ltd (UOB)

FVP/VP, Structured Trade Operations_Team Lead

United Overseas Bank Ltd (UOB) | Date Posted: 16-Nov-2018
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'N' Levels / 'O' Levels, ITE/ NITEC/ Higher NITEC, 'A' Levels, Diploma, Bachelor's / Honours, Masters / PhD

Job Description

Functional area: T&O Wholesale/Global Markets
Employment type: Full-time
Job Type: Permanent

You will be part of the Structured Trade Operations Control unit as a Team Lead reporting to the Division Head.
Key Responsibilities:
  • Lead a Team of 3-4 members to review financing request to ensure deal is in line with the approved structure, propose solutions to mitigate risk at transaction level
  • Provide guidance and leadership to team members
  • Review and approve transactions as per delegation of authority
  • You will be personally holding key accounts to review terms of LCs, contracts, documents to ensure deal can be self liquidated
  • Perform price reasonable check and vessel check
  • Perform mark to market of collaterals and liase with customers for additional top up where required
  • Ensure sufficient collaterals and margin are in place and liase with customer for topup
  • Manage and work within bank limits, counterparty limits, debtor limits
  • Monitor vessel routes, vessel arrival and serve notice to disport agent where necessary
  • Followup with customer to secure and ensure timeliness of receipt of sales proceeds
  • Review LC matchlist and discrepancies
  • Sound knowledge of bank’s policies, guidelines, control, regulatory, AML/CFT procedures and ensure team compliance
  • Ensure timely and accurate service delivery in accordance with Service Level Agreement
  • Contribute to deal discussion and implementation
  • Assist the division head on review of bank’s policies, guidelines and regulations and recommend enhancements to procedures to comply changes
  • Assist the division head on audits, monthly reports and review
  • Annual access review, budgeting and resource planning
  • At least 10-15 Years of trade operations and middle office experience.
  • Sound knowledge of UCP, ISBP, URC, URR, ISP, URDG, MAS/ ABS Guidelines and experience in all areas of international trade
  • Proficient in excel
  • Strong analytical and problem solving skills
  • Meticulous and strong followup skills
  • Good interpersonal and Leadership skills
  • Bilingual
Company Overview
United Overseas Bank Ltd (UOB)