Vice President, Trade Commodity Finance Specialist

2 months ago

Singapur, Singapore ING Full time

ING Wholesale Banking in Singapore

We are a leading wholesale banking branch in Asia, with over 300 financial experts based in Singapore. Our regional Asia Pacific headquarters is located in Singapore, where we have been operating since 1987. We stand out in the Asia Pacific region because we take a client-centric approach, which allows us to provide tailored solutions to meet the unique needs of every company we serve. This approach has earned us numerous 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. As a key member of the TCF Asia Business Units, you will provide strong support to 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.

Key Responsibilities:

i) Transaction Management

  • 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 collateral quality and performance risks, in accordance with approved credit facilities and general guidelines or procedures.
  • Explore risk mitigating measures and work together with TCF FO to provide financing solutions to clients.
  • Participate actively in discussions with TCF FO and TMO on client modus operandi, trade flow, facility utilization patterns, etc. during credit reviews.
  • Work with external partners, such as storage facility operators, clearing brokers, insurance underwriters.
  • Ensure transactions are in adherence with Compliance & related policies.

ii) Approval Process Management

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

iii) Trade Life Cycle Management

  • Set up position reports 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 collateral quality, and perform collateral valuation, including paper hedges relating to 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 to ensure smooth implementation of approved limits in system.
  • Collateral value reporting.

v) Other Responsibilities

  • Coach and train juniors in managing transactional flow & risks.
  • Proactively drive changes and contribute positively towards workflow efficiency.

Requirements:

  • Degree or equivalent in Business, Trade, Supply Chain, or related discipline.
  • Passionate about doing a good job, with a 'Hands-on' and 'can do' mentality, and 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 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.
  • Good knowledge of MS Office applications (particularly EXCEL).
  • 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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