Corporate Banking Ops: Transaction Support Officer

BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you’re valued as part of our team!

About BNP Paribas in Asia Pacific ( www.apac.bnpparibas )
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 15,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
BNP Paribas offers you an exciting career opportunity in an international, challenging business environment characterized by high pace and diversity with focus on creating valuable relations with our customers. We offer a competitive salary & benefits package and also an excellent work environment where you're valued as part of our team!
* excluding partnerships

Position Purpose

To perform the following:
  • Main Contact Point for internal and external clients
  • Transaction Review and Ticket Preparation
  • Transaction, Collateral and Position Maintenance
Key Responsibilities

The main job responsibilities of TSO include the following:
  • Main Contact Point for internal and external clients
    • Client fronting and being the main point of contact for clients on day-to-day operations, such as requesting for supporting documents, instructions, clarification of terms and conditions
    • Provide advisory to the client, including but not limited to structuring of Letter of Credit (LC) or guarantee or Payment Risk Assumption (PRA) format
    • Liaise with Front Office (CTS Specialists and RMs) and Back Office (Operations) on day-to-day basis
    • Liaise with other stakeholders (e.g. Compliance, Legal, ITO - Corporate Credit Control Team etc.) as and when needed
  • Transaction Review and Ticket Preparation
    • Perform risk and technical assessments of the transactions to ensure compliance with the framework of the Credit Approval and the Bank's general procedure
    • Perform matching of LC terms and conditions for transactions supported by an Export LC
    • Prepare Approval Tickets for proposed transaction and obtain the necessary approvals
    • Perform Anti-Money Laundering (AML) Screenings and raise Mandatory Analysis Grid (MAG) for new transactions
  • Transaction, Collateral and Position Maintenance
    • Update transaction and collateral details in client's position (STRAP) in a timely manner
    • Perform proper transaction, collateral and position monitoring of existing transactions
    • Maintain proper physical records of transactional and collateral documents, including but not limited to copies of Purchase contracts, Sales contracts, Client's application and bank line allocation etc.
    • Cash Management of client's funds, including preparing placement and release instructions for collaterals and margin
  • Payment Due Diligence (PDD)
    • Perform PDD checks for in coming and outgoing remittance instructions in favor of and by order of clients of CTS Singapore, including but not limited to transactions financed by the Bank
  • Participation in Credit Process
    • Participate in discussion on structuring of the proposed transaction and/or provide feedback on the operational modus operandi of the facility as and when requested by the Front Office
    • Upon request from the Front Office or Risk Corporate, participate in the Credit Committee
  • Transversal
    • At the request of his/her manager, TSO may be requested to contribute to transversal projects.


Competencies (Technical / Behavioral)
  • Preferably at least 3 years' experience in handling Commodity / trade import and export transactions
  • Client service oriented
  • Good team player with good interpersonal and communication skills
  • Meticulous, efficient and positive with good analytical and follow up skills.
  • Ability to multi task and work well under pressure
  • Knowledge of Compliance and AML topics
  • General knowledge of ICC Rules such as UCP 600, ISP 98, URC 522 etc.
  • Good PC skills - MS Word, Excel