Trade Services Representative

  • Competitive Salary
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Wells Fargo Bank
  • 19 Sep 18 2018-09-19

This is a role in the Singapore Operations team (based in Singapore), which is part of the International Group Operations within Wholesale Banking. The incumbent will work closely with the Head of Singapore Operations and other team members within Trade Operations. The successful candidate will be a key contributor in the Singapore Trade Operations team and required to process primarily Standby LCs and Bankers Guarantees from end-to-end in APAC/EMEA time zone.

  • Review Standby Letter of Credit (SLC) and Demand Guarantee (DG) transactions for workability in accordance with ICC and Wells Fargo standards
  • Issue, advise, amend, and bill Standby Letters of Credit (SLC) and Demand Guarantees within TradeWorks
  • Examine SLC and DG documents presented for drawing in accordance with instrument requirements, ICC standards, and WF practice
  • Process payments for SLC and DG drawings in TradeWorks
  • Participate in special projects and system enhancement testing as required
  • Assist with staff training as necessary
  • Review and release co-worker's SLC and DG transactions
  • Maintain working knowledge of pertinent corporate systems to be used in daily activities in addition to the trade processing system used for L/Cs
  • Identify and escalate potential issues to Head of Operations as appropriate

 

REQUIREMENTS: 

  • Undergraduate degree or above with a minimum of 3 years’ experience in structuring SLC’s and DG’s
  • Must be proficient in all aspects of SLC’s and DG’s, including complex LC documentation, governing regulations, Bank policies, and credit risk 
  • In-depth knowledge of the latest revisions of the UCP, ISP, and URDG
  • Knowledge of banking concepts and basic accounting as it relates to entries generated under SLCs and DGs
  • Must be PC literate, with a working knowledge of the MS Office Suite of applications and adequate data entry skills
  • Exceptional verbal and written communication skills required
  • Must possess strong analytical/organizational/time management skills along with an ability to be extremely detail-oriented
  • Ability to work in a dynamic, high pressure, multifunction, tight deadline driven environment, with frequent priority changes
  • The successful candidate is expected to work staggered working hours as and when required