Product Manager, Trade Asset Management - Global Transaction Services (GTS)
DBS Bank
Pulau Ujong, Singapore
11d ago

Business Function

Global Transaction Services (GTS) comprises of Cash & Trade, Securities Services and Fiduciary Services.

In an increasingly borderless world marked by burgeoning trade flow, expertise in trade finance services is an invaluable asset.

With cash the lifeblood of every company, so too, is a good understanding of how to manage these cashflows. Trade Finance, together with Cash Management, is the mainstay of GTS, and is extended to SME and corporate clients for their local and cross-

border financial transaction needs.

In Cash & Trade, you will be part of the product management team that provides seamless and cost-effective solutions to customers.

Whether it is through conducting market research, or by enhancing a product or system's features to meet customers' needs, you will have every opportunity to shape the business.

You will also be exposed to a myriad of Trade and Cash Management products through various marketing campaigns and joint visits with our relationship managers.

Responsibilities

Support the team in sourcing for and managing credit insurance solutions as enablers for the bank’s open account trade business in both the Accounts Receivables and Supply Chain Financing segments.

The role supports the needs of the bank primarily in Singapore and on an advisory basis for our overseas operations.

Product Related

  • Implementation of product roll-out (support any system development initiatives including scoping of functional requirements, UATs, briefing to internal staff on new system features and other system related functions) under Trade Asset Management including developing of marketing collaterals, event management, product briefing / guidance to internal stakeholder, etc.;
  • Source, negotiate and implement credit insurance solutions;
  • Provide advisory on credit insurance market practice, available solutions, relevant solution providers etc.;
  • Build network of contacts among credit insurance solution providers.
  • Execution

  • Support transactors / relevant stakeholders in management of trade risk distribution / purchase process to improve workflow;
  • Handle matters on a regional basis in terms of review of policy wordings, policy renewal, insurance premium payment and other related matters;
  • Implement, control and monitor bank-held policies;
  • Manage insurance claims.
  • MIS support & other project

  • Work with internal partners to identify product gaps, system enhancements, process improvements and implement initiatives;
  • Work with the various DBS' locations to align workflow processes in selling-down risks to the credit insurance market;
  • Participate in Deal Team meetings to understand internal requirements and search the market for available solutions;
  • Manage the inception and renewal processes of all bank-held credit-insurance policies; including negotiation of policy wordings with the support of legal;
  • Implement, control and monitor the performance of all bank-held credit insurance policies - including utilization
  • Review and advise transactors on all client-held insurance policies, including negotiation of loss payee arrangements;
  • Explain and advise internal stakeholders on all credit insurance matters;
  • Guide internal stakeholders when losses occur and manage the claim process with the credit insurers;
  • To handle all assigned projects.
  • Requirements

  • At least 7 years of relevant experience;
  • Team-player - enjoy meeting with people;
  • Ability to read Mandarin documents;
  • Good communication skills;
  • Knowledge of Accounts Receivable Purchase product;
  • Basic knowledge of trade credit insurance preferred.
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