Finance Administrator

4 weeks ago


City of London Greater London, United Kingdom DBS Bank Full time

Trade Finance Administrator - Middle Office 6-month fixed term contract

About DBS Bank

DBS is a leading financial services group in Asia. We are headquartered in Singapore, with a growing presence in Greater China, Southeast Asia and South Asia. Our London branch provides Asian connectivity for the Bank's European clients and a pathway into Europe for Asian multi-nationals.

DBS is present in 18 countries and operates over 280 branches. We have total assets of over SGD500 billion, over 200,000 Institutional Banking customers, over 8.8million consumer banking / wealth management customers and is rated the Safest Bank in Asia with an AA- rating.

We are focused on our PRIDE values of being Purpose Driven, Relationship Led, Innovative, Decisive and Everything Fun as well as our RED service standards of being Respectful, Easy to deal with and Dependable

Our Asian perspective means that we develop long term relationships with our clients and with our employees. Being long term doesn’t mean we are rooted in the past, however, we are firmly committed to a digital future which means exciting developments like our online training resource which offers 100s of courses for your personal development and a growing bank of training delivered on demand to your desk.

Job Purpose

To process the onboarding of trade finance transactional drawdowns under facilities and monitor and control customer exposure under their facilities. Products covered import/export letters of credit (issuing, advising, confirming, amendments, documentary presentations), open account financing payments, internal and external enquiries, guarantees, SBLCs, risk participation processing, trade loans, refinancing and discounting.

Ensure all transactions presented to the bank fall within agreed credit parameters as approved. Escalating for necessary approvals any deviations.

Ensure all upcoming maturities and obligations are regularly monitored and settled on time. Regular chasers and daily calendar items to be managed for timely action.

Ensure good communication, daily interaction and close working relationship between Trade Operations and Middle Office, Relationship Managers and other support areas.

Key Accountabilities

To be fully conversant and keep up to date re market practice with UCP 600 and respective ISBP, URC522 URR725, ISP98, ICC URDG 758 Demand Guarantee Rules.
Be proactive and a fast learner with an eye for detail and the ability to prioritize and work under pressure.
To escalate (as appropriate) any exception, problem error and abnormal transaction identified during daily processing.
To provide suggestions on improvement to reduce operation risks and or increase productivity.


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