Trade Finance Specialist

7 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Commerz Global Service Solutions Full time

As a Trade Finance Specialist at Commerz Global Service Solutions, you will play a key role in the independent handling of Letter of Credit. Your responsibilities will include timely execution of transactions according to Letter of Credit terms and conditions.

You will possess fundamental knowledge of latest versions of UCP / ISBP / URR / Incoterms and relevant current updates of Letter of Credit related to ICC publications. Diligently escalates any lapses in processing / handling to the respective Team Head for close monitoring.

Your productivity targets set are due to be met efficiently / accurately and processing turnaround standards are achieved within your area of responsibility. Ensure teamwork within the unit/department and organization is closely fostered at any one time. Observance of the Commerzbank's requirements with respect to Compliance, AML and Reputational Risk issues (first level check) is indispensable in the daily course of activities.

The main duties and responsibilities of this role include:

Payment Processing
  • Understanding the payment terms stipulated in the Letter of Credit.
  • Accurate and timely execution of transaction in accordance with the Letter of Credit terms and conditions.
  • Review and authenticate the payment instruction by the client against the document presented.
  • Handle payment discrepancies and coordinate with client for resolution.
Swift Processing
  • Prepare and process swift messages (i.e.: MT202, MT103, MT742) for payment instruction and interbank communications.
  • Accurate use of payment reference and transaction details in swift messages.
Compliance & Regulation
  • Monitor compliance and regulatory requirements (i.e.: Anti Money Laundering & Know Your Customer procedure)
  • Ensure adherence to the internal policies and international trade finance regulations.


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