About this role
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