Vice President, Senior Operations Manager (Trade Finance)

  • Competitive
  • Singapore Singapore Singapore SG
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 21 Aug 18 2018-08-21

Vice President, Senior Operations Manager (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, and for treasury operations in Canada, EMEA, Latin America and Asia.
We are currently seeking a number of Trade Finance Manager to join our team. The role is to build and manage a team, forging client and business partner relationships, translating strategy into tactical action plans, recruiting developing and managing talented individuals while staying client focused and delivering client delight. In addition to leadership responsibilities you will also have day to day direct ownership of activity for some of those key clients.
This role offers a high level of visibility, and you'll work in very close conjunction with a number of other functional trade teams in APAC region and multiple business leaders to provide seamless delivery and support to a variety of clients and other stakeholders.
This role leads a team in Singapore for all Trade finance products that is offered in this branch.
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.
  • Providing solution and advisory to partners and clients as a Trade product SME
  • 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.
  • Aligning ourselves to global process and procedures to ensure standardization and consistency
  • Ensuring delivery from vendors or outsourcing teams in delivering end to end to our clients
  • 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: 07/08/2018
- Singapore

Full / Part-time: Full time
Hours Per Week: 40