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Executive, Trade Finance (6-8months) - STATE BANK OF INDIA

STATE BANK OF INDIAD01 Cecil, Marina, People’s Park, Raffles Place, SG

13 days ago

Job description

Roles & Responsibilities

Company Profile

State Bank of India (SBI) a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai. The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank. SBI Singapore (SBIS) has 5 retail branches, 19 SBIS ATMs and over 200 ATMs via the shared island wide ATM5 network.

SBIS has a suite of retail banking products which complement its existing corporate banking products thus enabling us to service both individual and corporate customers. In Commercial and wholesale banking, our areas of operation include ASEAN, South East Asia and South Asia.

SBIS leverages on its extensive international network of branches to offer a wide range of Import / Export Trade Finance Services, in both Singapore Dollar and foreign currencies to facilitate the business needs of customers.

Responsibilities

Process and advise Export Letters of Credit (LCs) and amendments, lodging export documents

Processing of Letters of Credit and other related LC tasks.
Attend to clients over the counter for LC / Amendments collection and handle LC advising charges collection.
Tally daily receipt of advising / amendments charges.
Follow up with clients / LC issuing bank for LC / Amendment pending collection at the counter.
Lodging and dispatch of export documents under LC & non-LC.
Putting up discounting bills for approval along with summary of charges.
Conduct all due diligence / EDD checks such as name screening, sanction checks, as per AML CFT policy.
Ensuring that all transactions are done as per various policy / regulatory guidelines.
Reconciliation of Nostro account entries related to the area of operations.
Attending to queries of customers, supervisors and other banks via phone mail, swift, walk in etc. related to the area of operations.
Other trade related activities based on business / Bank requirements.

Requirements

Degree or Diploma equivalent preferably in Banking / Finance.

1-3 years’ experience in Trade Finance / Operations role in Bank (Freshers may also be considered).

Good understanding of banking compliance.

Good communication and interpersonal skills with ability to interact with all levels of staff and management.

Sound knowledge of Microsoft applications : Excel / Word.

Able to commit for the full 6-8 months contract.

Tell employers what skills you have

Letters of Credit

Microsoft Office

Microsoft Excel

Due Diligence

Interpersonal Skills

SWIFT

Trade Finance

Retail Banking

Compliance

Banking

AML

Trade finance product

export documents

Screening

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Finance Executive • D01 Cecil, Marina, People’s Park, Raffles Place, SG