Overview

• Salary

  3,000 SGD ~ 5,000 SGD

• Industry

  Trading Firm

• Job Description

  Our client is an MNC chemical trading company in Singapore. They are looking to expand the team and are hiring a Risk Management & Trade Compliance Senior Executive
  
  The role plays a critical role in safeguarding the organisation from financial, operational, and reputational risks while ensuring all business activities comply with local and international trade regulations. This executive will work cross-functionally to identify, assess, and mitigate risks, as well as implement and monitor compliance programs that adhere to applicable laws and industry standards.
  
  【Responsibilities】
  A. Credit Risk Management
  - Perform fundamental credit risk analysis on customers and counterparties, including financial statement analysis and creditworthiness assessments.
  - Monitor market, regulatory, macroeconomic, and political developments, as well as company performance, to assess potential impacts on counterparty credit quality.
  - Upload and maintain counterparty analyses and latest financial statements in internal credit rating and risk assessment systems.
  - Provide independent recommendations to the Credit Manager and Management on customer credit approvals, renewals, or rejections.
  - Propose and implement appropriate risk mitigation measures, including trade insurance coverage, collateral structures, and negotiation with insurance providers.
  - Review and analyse transactions to ensure they are within approved credit limits and aligned with management approvals.
  - Prepare and distribute daily reports on overdue receivables, limit breaches, and policy violations.
  - Ensure consistency and integrity of credit approvals, methodologies, and adherence to internal risk management policies and procedures.
  - Work closely with commercial managers and business teams to assess transaction risks and proactively identify potential risk exposures.
  
  B. Trade Compliance
  - Monitor and ensure strict compliance with customs regulations, import/export controls, sanctions, and trade-related requirements imposed by relevant governmental authorities.
  - Support and implement the migration and ongoing enhancement of the organisation’s trade compliance platform or systems.
  - Ensure compliance with all applicable local and international trade laws, including export controls, embargoes, and sanctions regimes.
  - Conduct regular internal audits and compliance reviews to assess adherence by departments and employees.
  - Develop a strong understanding of the organisation’s business operations to identify potential red flags and prevent customs or trade compliance violations.
  - Provide guidance, training, and awareness programmes to staff on risk management and trade compliance matters.
  - Act as the primary liaison with regulatory authorities, external auditors, insurers, and other relevant stakeholders on risk and trade compliance matters.
  - Investigate, document, and report compliance breaches or incidents, ensuring timely implementation of corrective and preventive actions.
  - Stay abreast of changes in relevant legislation, regulations, and industry best practices, and advise management on necessary updates or improvements.
  
  C. Other Ad-Hoc Responsibilities (not limited to):
  - Provide backup support for IT systems and related operational processes.
  - Support Corporate Secretarial and governance-related matters as required.
  - Assist in the implementation, testing, and maintenance of the Business Continuity Plan (BCP) and Business Continuity Management (BCM) initiatives.