Trade Finance Associate
Summary
Processes and settles trade finance transactions like Letters of Credit, handles document checks against ICC rules, and ensures compliance with sanctions and AML regulations.
- Handles the processing and settlement of the full spectrum of Documentary Trade transactions such as Letter of Credit (LC) Issuance, Advising, Confirmation, Negotiation, and Documentary Collections.
- Performs document checking against LC terms and related ICC rules.
- Handles the processing of various LC-related products such as Transferable LC, Back to Back LC, LC Financing.
- Handles the processing of other Trade Finance products such as Bill Discounting, Invoice Financing and Forfaiting/Factoring transactions.
- Ensures proper documentation of transaction records.
- Liaise with customers to provide specialized advice and answer customers’ queries.
- Performs Sanction screening, AML red-flag checks for trade transactions.
- Participate in UAT and project as assigned.
- Carry out any other duties and responsibilities as instructed by the manager.
[Requirements]
- Minimum 2 years of trade finance experience
- Minimum Diploma holder or equivalent
- Motivated hard working team player who takes initiative
- Meticulous and able to multi-task, and is able to thrive in a fast-paced working environment
- Good communication and interpersonal skills
- Excellent organizational and time-management skills
- Good understanding of Sanctions and Regulatory requirements such as EU, OFAC, UN Sanctions.
- Good working knowledge of UCP, ISBP, URC, URR, Swift MT/MX messaging would be a plus
- Fresh Graduate welcome to apply who can speak fluent in both Korean and English