Trade Services Processor

About this role:

Wells Fargo is seeking a Trade Services Processor for Asia Trade Hub based in Singapore. Learn more about the career areas and lines of business at wellsfargojobs.com.

In this role, you will:

• Provide support for processing new collections, payments, trade acceptances and tracing outstanding items
• Advise and issue letter of credit amendments along with negotiating letter of credit documents
• Receive direction from supervisor and escalate non-routine questions
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Interact with internal customers
• Develop the knowledge to understand function, policies, procedures and compliance requirements

• Perform compliance and other checks on trade transactions in line with internal procedures
• Ensure customer satisfaction and needs are consistently met such as strict adherence on internal turnaround times, quality etc.
• Accountable for upholding company vision and values statement
• Identify and raise risk, control etc. issues in a responsible and timely manner

Required Qualifications:

• 2+ years of Trade Services experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Required Qualifications:

• College degree or above with a minimum of 1 year experience in bills checking/LC processing preferred, fresh graduates are welcomed to apply.
• Working knowledge of SWIFT and UCP
• Hands on experience in MS Words & Excel
• Exposure in computerised banking facilities

• Able to work on APAC country public holidays if fall on Mondays to Fridays (also some ad-hoc weekend work may be required to support UAT, month end reporting, adjusted China working week etc.)

• Good command of spoken and written English
• Good team player and willing to learn

Abbreviations

OFAC -   Office of Foreign Assets Control

UCP -     The Uniform Customs and Practice for Documentary Credits

URR -     Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits

URC -     Uniform Rules for Collections

CDCS -  Certified Documentary Credit Specialist

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.