Vice President, Trade Commodity Finance

1 week ago


Singapore ING Full time
ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers.

We look at things from the client's perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve.

This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary


A regional opportunity has arisen for a Vice President position in Transaction Management Office (TMO) within the Trade & Commodity Finance (TCF) team in Singapore.

A key role to provide strong support to the TCF Asia Business Units in servicing clients' needs through close co-operation with TCF Front Office (TCF FO) based in Singapore and Hong Kong, and the various internal departments, including Trade Operations and Lending Operations amongst others.


Primary responsibility of the TMO includes daily execution of clients' transactions, ensuring transactions are financed within approved credit facilities supported by the appropriate collateral, closely follow-up and monitor transaction risk / collateral throughout the life cycle of the deal.


Job Responsibilities:
i) Management of Transactions- Effective and timely management of transactions.- Contact point for clients and liaise closely with operational and supporting departments- Perform independent transactional risk analysis including evaluation of its associated collateral quality and performance risks reference to the approved credit facilities and general guidelines or procedures.- Explore risk mitigating measures and work together with TCF FO in providing financing solutions to clients.- Participate actively in discussions with TCF FO and TMO on the observed modus operandi of the client, trade flow, facility utilization patterns, etc.

during credit reviews- Work with external partners, such as, but not limited to storage facility operators, clearing brokers, insurance underwriters.- Ensure transactions are in adherence with Compliance & related policies.

ii) Management of Approval Process- Prepare and obtain the appropriate transactional approval in accordance with the approval procedures.- Work closely with TCF FO and relevant departments (including Risk, Operations) to ensure smooth execution of transactions

iii) Management of Trade Life Cycle

This includes but not limited to:

  • Set up position report in system for each borrowing client as per approved terms and conditions.
  • Timely update of transaction information and exposures in the position report.
  • Monitor and manage supporting collaterals including assessment of the collateral quality; perform the appropriate collateral valuation including paper hedges relating to the physical cargo throughout the life cycle of the transaction.
  • Handle clients' daily cash flow transactions including deposits, remittances and attend to enquiries from clients.
  • Participate in ad-hoc projects or assignments, commercial and clients' meetings where necessary
iv) Facility Administration- Work closely with TCF FO ensuring smooth implementation of approved limits in system.- Collateral value reporting

v) Others- Coach and train juniors in managing transactional flow & risks- Proactively driving changes and contribute positively towards workflow efficiency

What we're looking for:
To be considered for this role, the applicant would possess the following pre-requisites:

  • Degree or equivalent in Business, Trade, Supply Chain, or related discipline
  • Be passionate about doing a good job, possessing a 'Hands-on' and 'can do' mentality; be highly self-motivated.
  • Enjoy working in a team and supporting each other to do a better job
  • Love details (but not losing sight of the big picture), be systematic and organized
  • Possess good analytical skills, with an ability to understand the intrinsic transactional risks
  • Positive attitude in dealing with challenging and difficult situations. Resourceful & willingness to work with clients / stakeholders for solutions.
  • Able to work effectively with remote teams
  • Strong knowledge of trade finance-
  • A minimum of 5-10 years of related experience in commodity trade middle office
  • Good command of written and spoken English and Mandarin


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