Job Summary

Join the trade operations team of a reputable international bank as a Bills Officer, where you will drive efficient processing and support of diverse trade finance transactions, ensuring compliance and accuracy in Letters of Credit, collections, and bank guarantees.

Responsibilities

Process Letters of Credit by advising, amending, re-advising, and transferring to support trade finance transactions
Manage inward and outward collections, disbursements, and negotiations to facilitate smooth trade settlements
Verify trade documents for accuracy and compliance to ensure adherence to regulatory and internal standards
Handle acceptance, payments, trust receipts, and banker guarantees to maintain transaction integrity
Execute trade-related loan drawdowns and discounting to support client financing needs
Perform journal entries and assist with month-end reporting to maintain accurate financial records
Conduct compliance checks on sanctioned countries, vessels, trade routes, and counterparties to mitigate risks
Participate in system enhancement initiatives, including User Acceptance Testing (UAT) and related projects, to improve operational efficiency
Communicate effectively and coordinate with internal teams and external stakeholders to ensure seamless trade operations
Work independently with meticulous attention to detail and demonstrate self-motivation to meet deadlines

Required competencies and certifications

Hands-on experience of 1-3 years in Trade Finance operations
Solid understanding of UCP600, ISBP745, and ISP98 rules governing trade finance instruments
Skilled in vetting trade documents to ensure compliance and accuracy
Experience with Letters of Credit issuance processes

Preferred competencies and qualifications

Certified Documentary Credit Specialist (CDCS) certification is an added advantage
Familiarity with system enhancement initiatives, including UAT and related projects

Other Information

Employment Type: Permanent, Full-time
Location: CBD, Singapore

Bills & Trade Operations Executive (LCs, Collections & Guarantees)