Commodity Trade Finance Specialist
4 weeks ago
ING Wholesale Banking in Singapore
We are a leading wholesale banking branch in Asia, with over 300 financial experts. Our client-centric approach allows us to provide tailored solutions to meet the needs of every company we serve.
A regional opportunity has arisen for a Vice President position in Transaction Management Office (TMO) within the Trade & Commodity Finance (TCF) team in Singapore. The successful candidate will 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.
The primary responsibility of the TMO includes daily execution of clients' transactions, ensuring transactions are financed within approved credit facilities supported by the appropriate collateral. The role requires close follow-up and monitoring of transaction risk / collateral throughout the life cycle of the deal.
Key Responsibilities:
- 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.
Requirements:
- Degree or equivalent in Business, Trade, Supply Chain, or related discipline.
- 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.
- 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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