12 Jan

Head Trade Finance Service And Operations Jobs Vacancy in Bank America Singapore

Position
Head Trade Finance Service And Operations
Company
Bank America
Location
Singapore S00
Opening
12 Jan, 2018 30+ days ago

Bank America Singapore urgently required following position for Head Trade Finance Service And Operations. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

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Head Trade Finance Service And Operations Jobs Vacancy in Bank America Singapore Jobs Details:

Singapore, Singapore
Job number: 18002356
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About Bank of America Merrill Lynch:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region’s leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

Our clients are large multinationals and financial institutions. These customers are demanding and expect a significant level of expertise from the business and operations partners. This role will help drive and implement the trade strategy in the country. The significant part of this role involves engagement with product and sales partners within the bank and managing strategic relationships with the clients. The incumbent will demonstrate leadership qualities in engaging with the clients proactively to resolve issues and assist with solutions. From a service delivery stand point this role has the end to end responsibility for overseeing the operational performance, client servicing, quality monitoring and reporting deliverables. The candidate has to be a Senior Subject Matter Expert with strong appreciation and understanding of structured trade transactions and associated risk elements.

Key Responsibilities
Manage and oversee daily operations of the Trade finance department. Ensure the delivery of services in accordance with the agreed service level and in accordance with expectations of the customers. Ensure efficient processing of transactions and queries exceeding client’s expectations.
Liaison with key stakeholders within the bank, such as legal, compliance and front office to ensure the smooth running of the trade finance department. Introduce measures and enhance exiting controls to ensure that transactions are processed in accordance with the bank's policies, procedures and in line with audit and compliance requirements.
Create strong risk management culture across the teams and to escalate and engage appropriate stakeholders for critical issues proactively. Monitor key performance and risk metrics, review daily exception reports and escalate and discuss significant matters with the FSO head.
Keep abreast of new products/ services, support and participate in new initiatives and provide recommendations on ways to improve the effectiveness and efficiency of the processes and teams.
Attend joint clients' calls with Trade Sales to provide support, evaluate options, share views and offer solutions from operations perspective.
Participate in RFPs and work with business partners to develop a lucrative and viable solution for both the bank and the client.
Managerial responsibilities include performing annual reviews of the direct reports, setting objectives for the next review period (consistent with the bank’s strategic plan) and working with staff on career development. Identify and grooming talent and creating strong succession pipeline across levels.
Track and monitor the performance of the outsourced services to ensure delivery of service in accordance with the agreed SLA

Key Requirements
Master’s degree in Business Administration, or equivalent Professional qualification
Minimum 15 years' experience in the banking industry with special emphasis on Trade Finance Banking Operations
Trade SME - Strong understanding of all trade products -Comprehensive understanding of industry standards e.g.(UCP 600 )
Strong leadership and interpersonal skills and a good team player
Must have prior Team Management experience
Ability to initiate, influence and lead change
Knowledge of Lean or 6-Sigma Methodology an added advantage.

Posting Date : 12/01/2018

Location : Singapore, , OUE BAYFRONT, 50 COLLYER QUAY, - Singapore


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