Assistant Vice President, Operations Team Lead – Trade Finance

  • Competitive
  • Kuala Lumpur, Federal Territory, Malaysia Kuala Lumpur Federal Territory MY
  • CDI, Plein-temps
  • Bank Of America / Merrill Lynch
  • 22 juil. 18 2018-07-22

Assistant Vice President, Operations Team Lead – Trade Finance

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

Treasury Fulfillment, Service & Operations is responsible for the end-to-end implementation, servicing, and operations of all treasury and depository solutions for corporate, commercial and business banking clients globally.

We are looking for an Operations Team Lead for the Trade Finance team. This role requires individual to perform daily tasks for international trade and loan operations, prepare and check trade finance documentations. Additionally, successful candidate should have sound knowledge of regulatory requirements pertaining to trade finance operations, ability to perform self-assessments of key process and controls, and manage internal and external audit reviews.

Key Responsibilities

  • Perform day to day operational tasks relating to international trade and loan operations
  • Prepare and check trade finance documents, including end to end review to ensure potential risks are raised and mitigated, addressing all ambiguities and contradictions
  • Ensure controls are in place and adhere to internal policies, checklist, desk top procedures, credit risk authorizations, special client conditions, etc.
  • Check accuracy of issuance fees and commissions and follow up on overdue fees and commissions
  • Perform daily reconciliation and reporting for Operations
  • Perform Regulatory Reporting and monthly attestations
  • Perform regular self-assessments of key processes/controls and managed internal and external audit reviews
  • Participate in implementation of projects as and when required
  • Respond to enquiries in a timely manner, focus on client delight
  • Deputize for the Head of Trade Operations

Key Requirements
  • Degree holder with minimum 5 years of relevant experience
  • Strong knowledge of sanction regimes and regulations pertaining to trade finance operations
  • Proficient in UCP, swift messages such as MT7xx, MT103, MT202
  • Familiar with LC issuance and documentary checks
  • Familiar with CCRIS reporting is an added advantage
  • Good communication and organization skills with the ability to interact with various stakeholders and counterparties, including Regulators.

Posting Date: 13/07/2018
67 JALAN RAJA CHULAN - Kuala Lumpur
- Malaysia

Full / Part-time: Full time
Hours Per Week: 39