Trade Finance Document Scrutiny Specialist

Job Overview:

This role will be responsible for providing support to trade finance business outsourcing. The key accountabilities are to review and verify documents, not limited to, such as bills of lading, invoices, packing lists, insurance documents, and certificates of origin to ensure compliance with the terms and conditions of the LC, UCP 600, ISBP, and any applicable local laws. Identify discrepancies, irregularities, and fraud risks in documents and transactions. Additionally preferred, knowledge of processing imports and export transactions under letter of credit and collection and processing

letter of guaranteed transactions. Support business partners to meet their customer service targets. Position reports directly to the Head of Group Ops & Systems.

Key Responsibilities:

• Review and verify documents such as bills of lading, invoices, packing lists, insurance documents, and certificates of origin to ensure compliance with the terms and conditions of the LC, UCP 600, ISBP, and any applicable local laws
• Identify discrepancies, irregularities, and fraud risks in documents and transactions. Take appropriate actions to mitigate risks in accordance with bank policies and international trade practices
• Ensure all trade transactions comply with internal policies, international trade regulations, anti-money laundering (AML) standards, and Know Your Customer (KYC ) procedures
• Liaise with issuing banks, advising banks, and other stakeholders to clarify, negotiate, and resolve discrepancies
• Stay updated with changes in trade finance regulations, UCP 600, ISBP, and other relevant guidelines. Participate in training and professional development opportunities to enhance job performance
• Compliance checks (Sanctions & AML) Processing experience of various swift messages e.g., MT 700, MT 707, MT734, MT742, MT 752/3, MT 799 etc.
• Process export LC & amendment advising and confirmation
• Export and import document checking / scrutiny under LC and collection
• Export and import document under LC and collection settlement & payment
• Well versed with all rules as trade guidelines like UCP, URR, ISBP, URDG and Incoterms.

Requirements:

• Bachelor’s / master’s degree
• Certificate for Documentary Credit Specialists is preferred
• Expert on UCP, URR, ISBP, URDG and Incoterms
• 2-5 years of experience in trade finance document checking
• Should have excellent verbal and written communication skills
• Self-starter team player and motivated with the ability to work under pressure meeting targets / TAT