Job is active
Trade Finance Associate
3 200 – 5 000 $
Full timeEntry levelOn-siteSingapore
SHINHAN BANKSingapore
About this job
- Handles the processing and settlement of the full spectrum of Documentary Trade transactions such as Letter of Credit (LC) Issuance, Advising, Confirmation, Negotiation, and Documentary Collections.
- Performs document checking against LC terms and related ICC rules.
- Handles the processing of various LC-related products such as Transferable LC, Back to Back LC, LC Financing.
- Handles the processing of other Trade Finance products such as Bill Discounting, Invoice Financing and Forfaiting/Factoring transactions.
- Ensures proper documentation of transaction records.
- Liaise with customers to provide specialized advice and answer customers’ queries.
- Performs Sanction screening, AML red-flag checks for trade transactions.
- Participate in UAT and project as assigned.
- Carry out any other duties and responsibilities as instructed by the manager.
[Requirements]
- Minimum 2 years of trade finance experience
- Minimum Diploma holder or equivalent
- Motivated hard working team player who takes initiative
- Meticulous and able to multi-task, and is able to thrive in a fast-paced working environment
- Good communication and interpersonal skills
- Excellent organizational and time-management skills
- Good understanding of Sanctions and Regulatory requirements such as EU, OFAC, UN Sanctions.
- Good working knowledge of UCP, ISBP, URC, URR, Swift MT/MX messaging would be a plus
- Candidates without prior work experience are welcome to apply.
- Proficiency in Korean and English will be an advantage, as the role involves communication with Korean-speaking clients and stakeholders.
Market insight
15% below median4 800 $
3 500 $7 000 $
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The employer lists 3 200 – 5 000 $ for this role at SHINHAN BANK in Singapore. For comparison, the local market median is about 4 800 $ based on 75 102 similar offers.
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