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Vice President, Documentary Trade Product, Transaction BankingUnited Overseas Bank Limited
Vice President, Documentary Trade Product, Transaction BankingUnited Overseas Bank Limited
Job Highlights
  • Responsible for trade and/& FSCM products
  • Manage product P&L and business drivers
  • Develop standard product pricing policies
Job Description

Company Description:
United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.In 1935, amid the economic uncertainties following the Great Depression, UOB opened its doors to offer banking services for the merchant community in Singapore.Since then, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: ‘Aa1’ by Moody’s and ‘AA-’ by Standard & Poor’s and Fitch Ratings.

Job Description:
About the Department
The Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Job Responsibilities
- Reporting to the Head of Trade Product, the position will be responsible for the management, planning and development of trade and/& FSCM products for Transaction Banking customers. He/she will be responsible for coordinating group and country Documentary Trade product program requirements, as well as participate in requirement specifications and rollout of global products. The position will also be responsible for the end-to-end management of any approved group and country trade and/& supply chain financing programs assigned.
- Manage product P&L and business drivers (i.e. assets levels, contingent liabilities, transaction volumes, revenue/cost ratios, cost of credit, ROEC etc.) to achieve product profitability and EBIT growth
- Develop standard product pricing policies. Ensure that all product solutions are aligned with regulatory requirements. Maintain product approval, programs, circulars and memorandums
- Write and maintain group product programs, circulars and transaction memorandums for new products. Liaise with internal and external suppliers and partners on product/business requirements. Engage business partners, i.e. Ops, Legal, Credit, Compliance etc., to align, implement, address and achieve product requirements and objectives. Maintain strong knowledge on processing methodologies, GL entries, facilities structuring and trade systems.
- Monitor importers’ and exporters’ evolving banking needs and package core services to meet those needs. Perform customer needs analysis and define product solutions / capabilities. Perform competitive analysis and market sizing. Perform regular product/market analysis. Validate new product ideas in market place.
- Prioritize, drive & execute product initiatives and one-off programs, with joint ownership by customer support, to promote adoption by customers.
- Design standard sales kits, printed brochures and other relevant sales tools for sales team. Create product awareness and conduct training programs for sales and customer support. Provide product expertise support during sales road shows and customer focus group discussions.
- Understand, manage and analyse trade, SWIFT and industry data for management reporting as well as to generate potential sales leads (data mining)

Job Requirements
- At least 10 years of working experience in trade finance and/or supply chain finance product management, especially for Asia, and with 5 years plus in Bank Guarantee and Standby LC
- Strong trade finance technical and operation experiences, in particular to Documentary Trade such as Bank Guarantee, SBLC, LC and Documentary Collections
- Possess strong in-depth knowledge of trade concepts/laws, regulations, ICC guidelines and international best practices
- Credit experience will be a plus

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Additional Information
Career Level
Middle
Qualification
Degree
Years of Experience
5 years
Employment Type
Full Time
Company details

Do you have what it takes to make a difference?

Do you have what it takes to shape the future of Asia?

As a leading bank in Asia-Pacific, we offer challenges and opportunities to meet your career aspirations. At UOB, we are dedicated to make big impression in the region. As a team, we know we will make a difference and shape Asia’s future. We seek passionate dynamic and driven individuals towards performance excellence.

Join us. Take up the challenge as we make our mark in Asia.