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CIB Operations - Trade Finance Ops- Transaction Processing Specialist - Professional

Req #: 170106490
Location: Singapore, Singapore, SG
Job Category: Operations
Job Description:

About J.P. Morgan Chase & Co.

 

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.  Information about J.P. Morgan is available at www.jpmorganchase.com

 

About J.P. Morgan’s Corporate & Investment Bank

 

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With nearly $20 trillion of assets under custody, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. 

 

Treasury Services (TS) - the world's largest cash management provider - moves, concentrates and invests client money, and provides trade finance and logistics solutions. TS products include payments, collections, trade finance, investments, and information services that help companies manage working capital and liquidity. The business, which operates in 41 countries, is the world's largest U.S. dollar clearer, processing an average of $3.2 trillion in fund transfers each day.

 

Trade operation is an integral part of JPMorgan's Trade Finance and is responsible for trade related activities e.g. issuance of SBLC/BG, Commercial LC, Export LC advising/amendment, confirmation, invoice financing, trade loans etc.

 

We are currently seeking an experienced operations professional to handle the Trade finance related processing functions in a global bank environment for the Singapore market. The successful applicant will be part of an existing team, specialize in import /SBLC issuance.

 

Responsibilities:

  • Good knowledge of guarantee/SBLC/LC and their applicable rules
  • Conversant with and able to apply UCP 600, ISBP, ISP98 or URDG
  • Duties include vetting on terms and conditions of SBLC or LC or BG
  • Liaise with in-house legal counsels to vet BG format and ensure clauses are operationally enforceable
  • Highlight irregularities and exception for credit/risks approvals
  • Good knowledge of import or export document checking is an advantage
  • Follow up and monitor on payment/acceptance under LC
  • Preparation of trade related status reports
  • Review daily outstanding reports to perform accurate cancellation for expired BG/SBLC/LC
  • Liaise with external and internal customers
  • Handling of import collection bills
  • Good understanding of the trade business and industry practices
  • Able to explain clearly to client the transaction flow and associated risks

 

    • Minimum A level with 5 years working experience in trade operations

    • Well versed with Microsoft Excel, Word, Powerpoint

    • Ability to communicate effectively with internal and external clients both verbal and written

    • Provide good customer service and able to build effective customer relationship

    • Strong team player with the ability to multi-task and work under pressure

    • Able to work independently and has an analytical mind to provide solution for complex deal

    • Understand the business and industry practice

    • Able to communicate effectively to clients, explaining transaction flow and their associated risks

    • Fast learner of various trade applications/systems

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