Commodity Trade Finance Manager

3 days ago


Singapore ING Full time

Transforming Trade Finance in Singapore


ING Wholesale Banking in Singapore is a leader in the Asia Pacific region, providing innovative solutions to clients through its robust network of financial experts. With over 300 professionals, we are the largest wholesale banking branch in Asia.


We stand out by putting ourselves in our clients' shoes, crafting bespoke solutions tailored to their unique needs. This approach has earned us numerous prestigious awards.


About the Role:


A dynamic opportunity has arisen for a Vice President position within the Transaction Management Office (TMO) in the Trade & Commodity Finance team in Singapore. As a key member, you will provide crucial support to TCF Asia Business Units by closely collaborating with TCF Front Office (TCF FO) and various internal departments.


Your primary responsibility will involve daily transaction execution, ensuring that transactions are financed within approved credit facilities and accompanied by suitable collateral. You will also monitor transaction risk and collateral throughout the deal's life cycle.


Key Responsibilities:


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  • Effective and timely management of transactions;">
  • Contact point for clients and liaison with operational and supporting departments;">
  • Perform independent transactional risk analysis, including evaluation of associated collateral quality and performance risks, in accordance with approved credit facilities and general guidelines or procedures;">
  • Explore risk mitigation 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;">
  • E nsure transactions comply with Compliance & related policies;">
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Requirements:

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To be considered for this role, you should possess the following pre-requisites:

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  • ">
  • Degree or equivalent in Business, Trade, Supply Chain, or related discipline;">
  • Be passionate about delivering excellent results, possessing a 'Hands-on' and 'can do' mentality; be highly self-motivated;">
  • Enjoy working in a team and supporting each other to achieve better outcomes;">
  • Love details but not lose 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 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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Benefits:

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This role offers a competitive salary, estimated at SGD $120,000 - SGD $180,000 per annum, based on experience and qualifications. Additionally, you will have opportunities for career growth, professional development, and a dynamic work environment.

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What We Offer:

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At ING, we value our employees' growth and well-being. We offer a range of benefits, including medical and dental insurance, retirement plans, and flexible working arrangements. Our commitment to diversity, equity, and inclusion ensures that everyone feels valued and respected.



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