Key Responsibilities :

• Scrutinizing Export Documents under Letter of Credit and advising discrepancies to customers / banks.
• Check and verify export LC documents lodged.
• Check and verify Export LC advising, amendments and confirmation including related messages monitor & ensure charges collection.
• Sorting and assigning swift messages to various desks of TF department.
• Ensure all due diligence / EDD checks such as name screening, sanction checks, price checks are done as per AML CFT policy and as per product checklists (including vessel tracking / IMB checks).
• Joint custodian of Export bills (with original title to goods).
• Ensure no swift or transactions are left unverified at the end of the business day.
• Ensure all SWIFT messages related to the area of operations are attended to and acted upon the same day.
• Ensure there are no failed transactions before giving EOD signal.
• Reconciliation of Nostro account entries related to the area of operations.
• Releasing of OFAC messages (Ace Pelican).
• Ensuring that all transactions are conducted as per various policy/regulatory guidelines (compliance, risk, loan, UCPDC, TF Manual and AML/ CFT Policy and Procedures and ICC guidelines etc) and keeping abreast of developments / changes in policies related to Trade Finance.
• Achieving business targets allotted.
• Attending to queries of customers, supervisors and other banks via phone mail, swift, walk in etc. related to the area of operations.
• Monitoring timely submission of audit documents and attending to audit requirements for all audits including IA, Internal, Compliance, Statutory & Regulatory audits.
• Other trade related activities based on business / Bank requirements.
• Other trade related activities based on business / bank requirements Requirements.

Requirements :

• Diploma or Degree Holder in any field.
• Minimum 2-3 years relevant Trade Finance experience in Bank.
• Good communication skills.
• Good Excel skills and Microsoft office experience.

Key Responsibilities :

Reporting to Head of Compliance, the AVP (Compliance) oversees the Singapore compliance for Merchant Banking activities of SBI, Singapore. This position is accountable for the effective second-line oversight of the implementation, maintenance and administration of the compliance management.

• Oversee the development, implementation, and maintenance of the SBI, Singapore’s Compliance program.
• Collaborate with senior management to ensure that policies, procedures and programs comply with applicable Singapore regulatory requirements, mitigate risk of non-compliance and are within the established compliance risk appetite.
• Maintain current knowledge of Singapore regulatory requirements that affects the business.
• Collaborate with senior management on the development and enhancement of policies, procedures and programs as industry practices and applicable laws and regulations changes.
• Oversee compliance monitoring activities for SBIS Merchant Banking activities, including oversight of the compliance process, and effectively challenge the business on regulatory compliance issues.
• Develop solutions for addressing regulatory issues and recommend appropriate steps to address them.
• Follow-up to verify appropriate and timely issue resolution of issues by the business line and report as appropriate.
• Report on the adequacy and effectiveness of controls over regulatory risk using established metrics for SBI, Singapore.
• Ensure applicable registrations for SBI, Singapore and employees .
• Ensure timely and accurate reporting to MAS.
• Develop, maintain and update policies and processes in line with changes in regulations.
• Ensure proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required.
• Keep records of the KYC and counterparty approval documents.
• Ensure AML & KYC guidelines are being adhered to.

Requirements :

• Graduate in Banking, Finance or other discipline.
• Preference may be given to post graduate degree in legal or related field of study, with related compliance certifications a plus.
• Candidates with ACAMS or Diploma in Compliance would be preferred.
• 5+ years relevant work experience in Compliance in financial services industry, including Compliance management experience in Equity Broking, Debt Capital Markets, Equity Capital Markets and Securities Trading compliance or equivalent regulatory experience.
• Demonstrated expertise in effectively communicating the roles and importance of regulatory compliance, as well as proactively identifying regulatory risk.
• Effective leadership capabilities, including strong communication, change management, sound judgment, relationship management, and negotiation skills.