Manager, Loan & Trade Finance Operations

MANAGER, LOAN & TRADE FINANCE OPERATIONS

Salary: $$ 85000 - $$ 100000 per year

Location:

New York, New York

Minimum Degree:

Relocation Assistance:
Available

Global wholesale/corporate banking institution (headquartered in Singapore) is seeking to hire a MANAGER, LOAN & TRADE FINANCE OPERATIONS for the midtown Manhattan office.

This role is FULLY IN THE OFFICE/NO HYBRID OR REMOTE WORK!!!

MANAGER, LOAN & TRADE FINANCE OPERATIONS Loan and Trade Finance Operations provide back-office loans processing for corporate & financial institutional customers covering bilateral and syndication loans. Reporting to the Operations Manager, you will be responsible for the accurate and timely processing of loan transactions, including loan disbursements, rollovers, fee and interest collections, billings, loan servicing, funding activities, account reconciliations, and audit confirmations.

The role also involves managing incoming and outgoing funds related to loan transactions while ensuring compliance with internal policies, regulatory requirements, and established control procedures. Candidates with knowledge and experience in trade finance products and operations, including Letters of Credit, Performance Guarantees, Standby Letters of Credit and Receivables Purchase Financing will have an added advantage. You will be expected to be involved in the process improvements project initiatives and other operational risk related activities.

1. LOAN OPERATIONS

Verify loan account opening request against banks credit terms, prepare loan details (loan amount, interest rate, tenure, repayment terms) instruction and scan it to the back-office processing centre for account setup in the loan system. Process loan drawdowns / disbursements upon receiving instructions from Credit Administration & Control that all conditions precedent have been complied with. Coordinate with treasury for rate fixing and funding.

Coordinate with Branch Operations for receipt and/or outgoing funds. Monitor and process interest payments, principal repayments and fee collections. Ensure payments are accurate and on schedule. Handle any early repayments or loan restructuring. Conduct investigation arises from incorrect postings, payment mismatches or errors in processing and resolve operational problems quickly. Handle loan maintenance due to interest rate revision, tenor extension and amendment to credit terms.

Maintain accurate and up-to-date loan records.

2. TRADE FINANCE OPERATIONS Process issuance of Letters of Credit, Performance Guarantees, Standby Letters of Credit, and related amendments. Process Receivables Purchase Financing facility, support trade loan drawdowns, repayments, and rollovers. Review trade documents for completeness and compliance. Verify customer instructions and ensure proper authorization. Conduct transaction checks in accordance with operating procedures and control requirements. Ensure compliance with UCP 600, URDG, ISP
98, ICC rules, and applicable regulations. Perform AML, sanctions, and KYC-related checks, where required. Coordinate with Compliance, Legal, Business Unit, back-office processing centre on transaction matters.

3. GENERAL Strict adherence to internal policies, controls, regulatory guidelines and standard operating procedures. Identify potential risk or compliance issues. Ensure transactions are processed within agreed service levels and cut-off times. Maintain accurate transaction records and documentation. Prepare management reports, MIS, and regulatory reports as required. Support system testing, process improvements, and project implementation initiatives. Participate in contingency planning and business continuity activities.

Handle audit confirmation and other ad-hoc projects. Review current processes, identify areas for improvements to eliminate redundancy processes, increase efficiency and minimize errors.

1. Bachelors degree in banking and finance, accounting, business administration or related discipline.
2. Minimum of 5-8 years of experience in Loan Operations and preferably in Trade Finance Operations within a wholesale or corporate banking environment handling bilateral and syndication loans.
3. Good understanding of loan life cycle, loan (especially construction and project financing) and trade finance products.
4. Sound knowledge of Trade Finance products and ICC rules, including UCP 600, ISP
98, URDG 758, and ISBP would be an advantage.
5. Meticulous and attention to details as loan operations involve high accuracy work in interest rates calculations, maintaining repayment schedules and generating billing notices.
6. Strong data validation and reconciliation skills. Ability to identify errors, discrepancies or red flags and resolve operational exceptions quickly.
7. Equipped with strong risk control mindset, understand audit requirements and strict adherence to Standard Operating Procedures, policies, procedures and guidelines.
8. Capable of working independently,…