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We are expanding our Operations in Singapore and we invite suitable candidates with an excellent customer focused mindset to join the motivated team for the following professional positions:

Positions Available

Responsibilities:-

  1. Processing and maintenance of Retail Loans process
  2. Perform Credit Bureau checks on applicants.
  3. Submit credit appraisal for review
  4. Engage Law Firm for property conveyance matters
  5. Checking of mortgage documents prepared by the Law Firms.
  6. Preparation of mortgage documents for execution
  7. Ensure Report on Title, title searches, CPF Letter of Approval, Caveat & all other relevant documents are submitted by panel lawyers.
  8. Checking correctness of endorsement forms & fire insurance proposal forms prior to submission to the valuers & insurers.
  9. Engage panel valuer for desktop / formal valuation on the approved mortgage applications.
  10. Ensure valuation reports are submitted on time by panel valuers.
  11. Engage panel insurer for fire insurance on the approved mortgage applications.
  12. Prepare CPF batch upload for mortgage loan repayment transactions in Finacle system on a fortnightly basis.
  13. Ensure EMI & Interest advice sent out for existing housing loan accounts that may be due.
  14. Preparation of Cashier Orders for housing loan disbursals via Finacle system.
  15. Conduct housing loan account review on a monthly basis.
  16. Calculate claw-back fees, penalties with respect to full housing loan redemption.
  17. Verification of housing loan account closure in Finacle system.
  18. Manage the Unit Trust applications process as per the policy
  19. Complete UAT for new system/project implementation in Assets.
  20. Streamlining of LOS system/process Identify Possible Risk and Process Enhancements for Retail Loan Operational Processes.

Requirements:-

  1. Degree or diploma equivalent preferably in Banking
  2. 2-3 years’ experience in Banking back office operations
  3. Good understanding of banking compliance.
  4. Good communication and interpersonal skills with ability to interact with all levels of staff and management.
  5. Sound knowledge of Microsoft applications : Excel/Word/PowerPoint

Position Objective :

Job Descriptions:

  • Credit Risk assessment on loan applications & put up for sanction in accordance to Delegation of Financial Powers as per Loan Policy.
  • Complete UAT for new system/project implementation.
  • Put up Control Reports to the relevant noting authority, Prepare Action Taken Report on the observations of IDCC.
  • Check all mortgage documents are in order and Safe keep of Mortgage documents after entering the details in the Title Deed Register.
  • Monitoring marking and removing Lien on Deposits for OD accounts and ensuring closure / renewal of OD accounts in time.
  • Quarterly Review of securities of ODNRE accounts.
  • Verify loan disbursal transaction done by Executive/Associate Assets and send disbursal notice to the customer.
  • Recommend / Reject re-pricing offer to appropriate authority (COO) as per approved procedure on Repricing and advise the sanction / rejection to Executive/ Associate (O&S).
  • Advice changes in the rate of interest & EMI periodically (Quarterly interest reset for SIBOR linked accounts and yearly in case of fixed rate accounts).
  • Prepare list of accounts to be reviewed and Insurance policies to be renewed date wise and give to Executive/Associate, Assets to complete review and renewal of the insurance in time.
  • Authorize payment vouchers for the payments towards insurance, valuation, legal fees and charges to be paid to CBS on a monthly basis for the enquiries made.
  • Report Un-utilized Commitment to Finance Department daily.
  • Report MAS 639 (Substantial Exposure) to relevant Dept. internally
  • Report MAS 610 Annexure 1D part III to Finance Dept. monthly and Appendix 3 Part IV quarterly.
  • Report of Profile of Housing Loan borrowers to MAS on a monthly basis.
  • Prepare and Submit Quarterly Housing Loan Survey report to MAS
  • Prepare and Submit Half-Yearly Top 100 Borrowers report to MAS.
  • Annual review of Panel Valuation Firms
  • Review of Mortgage Loan Process Manual subsequent to regulatory changesLiaising with Internal & External Auditors, Compliance & Risk Departments pertaining to Retail Loan Operations

 

Project Management

  • Complete UAT for new system/project implementation.
  • Streamlining of LOS system/process
  • Identify Possible Risk and Process Enhancements for Retail Loan Operational Processes

Requirements:

  • Degree or equivalent, in Banking or Finance
  • Relevant banking experience of six years. Preference will be given to those who have prior experience in Retail Assets
  • Strong understanding of financial compliance and Regulatory requirements
  • Dynamic personality to work with the team and provide guidance to others.
  • Good management skills and analytical mindset one who can effectively analyze situation and make decisions to address issues/problem.
  • Excellent communication and interpersonal skills with ability to interact with all levels of staff and management.
  • Sound knowledge of Microsoft applications : Excel/Word/PowerPoint

 

Role & Responsibilities :-

Sales & Advisory :-

  1. Market a range of retail banking and investment products.
  2. Upsell and cross-sell the Bank's suite of products and services.
  3. Offer advisory service recommending suitable wealth management products for potential customers.
  4. Knowledge of internal policies and procedures to effectively manage the sales cycle and facilitate operational execution of transactions.
  5. Report sales activities and results to the management on a regular and prompt manner.
  6. Competent on all KYC/CDD procedures, AML guidelines and all other regulatory guidelines governing the Sales & Advisory process.
  7. With the cues from customer feedback, pro-actively identify opportunities and provide feedback for improvements in all areas including product & service offering, sales process or operations.

Customer Relationship Management :-

  1. Take ownership to respond for all customer issues and navigate internally to address issues promptly and/or escalate to relevant authorities promptly.
  2. To act as a single point of contact for all customers under handling.

Operational Efficiency :-

  1. Be responsible for 100% accuracy on the various forms submitted to Operations or to Partners for execution.

Branch related :-

  1. Jointly responsible for the up keep of the branch aesthetics as per the Corporate Identity guidelines.

POSITION REQUIREMENTS :-

Qualification :-

  1. Degree holders, preference will be given to MBAs/Executive MBAs.

Experience :-

  1. Years: Minimum of 1-2 years of experience in sales and financial products and services.
  2. Specific type: CMFAS certified required - M5, M8, M8A, M9, M9A, HI

Competency/Skills :-

  1. Excellent customer focused mindset and strong interpersonal skills.
  2. Sound knowledge of banking, wealth management and insurance products
  3. Strong understanding of financial compliance and regulatory requirements in Singapore.

Investment :

  1. Perform fixed income Investments sale/purchase in compliance with Branch Investment Policy.
  2. Be informed and aware about the current state of regulatory policy. Monitor &analyze news flow on invested securities and related macro-economic factors.
  3. Research new bond issues for investment as mandated by Head (Investment)
  4. Preparation of Investment/divestment proposals.
  5. Provide regular feedback to the management, Investment committee on strategies & market information as well as investment performance.
  6. Scan for best pricing in secondary markets based on comparative competitive quotes from counterparties.
  7. Attend road shows and interact with company (issuer) management to gather first-hand data on company prospects
  8. Maintain files/records of all investment related documents/correspondence.

Forex :

  1. To cover for Forex, Dealers as and when required
  2. To assist in quoting rate to branches regularly.

Position Requirements :

  1. Qualification: Graduation or equivalent, preference will be given to those who have done courses related to Treasury Forex and Fixed Income.
  2. Minimum Banking experience of continuous 06 years, out of which two years should be in interbank dealing operations.
  3. Candidates having latest experience in Dealing Operations (Front Office) will be given preference
  4. Strong understanding of financial regulations and compliance
  5. Sound Knowledge of banking/ financial products in field of Treasury and Investment
  6. Dynamic personality who is ready to work as a team and provide guidance to others.
  7. Good trading and analytical skills.
  8. Excellent communication and inter personal skills with the ability to interact with all levels of staff and top management
  9. Sound knowledge of Microsoft applications : Excel/Word/PowerPoint

Job Description:-

  1. Responsible for the operations and profitability of treasury SBI Singapore.
  2. To keep overview on market movements, happenings, news and data releases and based on that currency, commodities and equity movements to gauge the day market and put proper strategies direction and guidance of Forex/Money market dealing operations for achieving optimum efficiency and profitability, within the parameters of corporate policy.
  3. Set the board rate for foreign exchange (Remittance) and provide LIBOR, EURIBOR, SIBOR and SOR fixing rates to the concerned departments.
  4. Arrive at the open currency position on daily basis and take view on our core currencies rate and funding requirement.
  5. To keep a close monitoring in consultation with various business development departments on probable outflow/inflow of fund for the day and coming days and exchanging views on customer demand and market availability of funds to discover better pricing for customers and profitable deal for the bank.
  6. Analyze and report the Liquidity Planning Schedule to Senior Management. Coordinate with Business Departments to work out liquidity planning, cash flow projection and recommend strategies to fund any shortfalls and ensure for smooth liquidity management in close liaising with Central Treasury and Head Office.
  7. Active role in coordination with Head Office and other stakeholders in Banks ongoing process with regard to Libor and SOR transition.
  8. Covering foreign exchange in interbank market with the help of market analysis by reading news and views for expected volume in remittance and other currencies through different platform Reuters Direct/DBFX4CASH/FXALL.
  9. Updating our branches about the Fx rates and other treasury related products going on in interbank market to enable branches to understand the mechanism and be comfortable in selling our product.
  10. Ensure smooth functioning of dealing room operations and strict compliance of various limits assigned for dealing room operations.    
  11. Actively interact with internal stakeholders including accounts department and Business Development department on daily basis before concluding net funding.
  12. To review on daily basis that all the regulatory limits and policy framework intact and followed properly. Keeping the open position in currencies to the minimum level to cover the assessed overnight requirements. 
  13. Provide information of market developments and dealing room situations to the Branch management so as to facilitate timely realignment of strategies and interventions.
  14. To set the board rate for interest rates for retail deposit in USD and other currencies.
  15. To prepare LIBOR movement with monthly Money Market Report for monthly review of LIBOR and our Money Market Operations.
  16. To actively participate in various Meetings and provide information of market developments and dealing room situations to the Branch management so as to facilitate timely realignment of strategies and interventions.
  17. Work towards achieving Forex revenue and profit budget.  Review business results with Senior Management on a periodic basis. Adjust strategy and tactics to meet financial commitments
  18. Discuss the appropriate strategies on liquidity stress testing for adjustment of liquidity management.
  19. Review of Dealing Room Guidelines with appropriate inputs and changes/ amendments made by Corporate Centre/Regulators in Forex / Money Market dealing operations for achieving optimum efficiency and profitability.
  20. Provide inputs on various Policies and manuals for improvisation of regulatory and corporate policy compliance.
  21. Manage financial service provider / banking relationships to ensure effective utilization of cash and financial services facilities in consistent with Bank’s objectives.
  22. Manage funding requirements for Bank’s operations through inter/intra bank Money Market operations and update the management about cost of funds available in the market.
  23. Administer all treasury management systems, applications and platform.
  24. To ensure observance the code of ethics/conduct, as devised by FEDAI/SFEMC/ACI regulations.
  25. Lead a team of dealers to achieve planned Forex volumes and profitability, drive strategy, define new and required capabilities to enhance client experience and drive innovation and differentiation.
  26. Arrange for regular training of dealers/front office staff to help them keep abreast of latest market developments & practices.  

Position Requirements :-

  1. Qualification:  Graduation or equivalent, preference will be given to those who have done courses related to Treasury and Forex.
  2. Minimum Banking experience of continuous 06 years, out of which minimum 03 years should be in treasury operations.
  3. Candidates having latest experience in Treasury Operations (Front Office) will be given preference
  4. Strong understanding of financial regulations and compliance
  5. Sound Knowledge of banking/ financial products in field of Treasury and related operations
  6. Dynamic personality who is ready to work as a team and provide guidance to others.
  7. Good trading and analytical skills.
  8. Excellent communication and inter personal skills with the ability to interact with all levels of staff and top management
  9. Sound knowledge of Microsoft applications : Excel/Word/PowerPoint

SBI believes in hiring the best talent from the Industry and provides fair and equal chances of employment. Our rigorous hiring process is designed to provide us with a comprehensive overview of your skills, experiences and abilities. We believe in identifying your unique strengths to place you in the position best suited for you.

Apply for the position of your interest. We will get in touch with you within 2 weeks if your application has been found suitable for the role that you have applied.

An attractive remuneration package commensurate with qualification and experience will be offered to successful candidates.

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Human Resources
State Bank of India, Singapore Branch
135 Cecil Street #04-04
Singapore 069536