Intern, Trade

2 weeks ago

Singapore ING Group Full time

Intern, Trade & Commodity Finance

**Why ING?**

The world of banking is changing faster than ever. That's why we at ING are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in an agile environment.

**ING in Asia Pacific**

In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, and Vietnam.

ING offers both retail and wholesale banking services in Australia. ING's regional presence includes a 13% stake in Bank of Beijing, China and a 30% stake in TMBThanachart Bank in Thailand.

Singapore is the regional headquarters for ING's Wholesale Banking (WB) business in Asia, which includes all WB business lines such as Financial Markets, Strategic Products, Sectors, Lending and Transaction Services and other support functions.

**Front Office**

**Client Management**
- Together with the Account Officer (AO), you have the responsibility to help the AO in managing banking services (including transactional trade finance products) offered to clients (or prospective clients)
- Liaise with clients within the portfolio in deal management / transaction requests and ensuring that proposed deals are in conformity of the bank's risk appetite and/or approved credit facility parameters
- Work closely with TMO and relevant departments (including Risk, Operations, Financial Markets, and other product partners) to ensure smooth and timely execution of transactions, and timely completion of credit reviews/credit modifications
- Assist in credit & operational tasks including credit reviews, customer due diligence management, call reports, covenant monitoring and management reporting
- Participate in ad-hoc projects or assignments, reporting, commercial and clients' meetings where necessary

**TMO**

**Transaction Management**
- Together with the TMO officer, you will be the main contact point for clients in the entire trade cycle of their transactions
- Work closely with AO and relevant departments (including Risk, Operations) to ensure smooth and timely execution of transactions
- Perform independent transactional risk analysis including evaluation of its associated collateral quality and performance risks, ensuring adherence to the approved credit facility parameters and general guidelines, procedures (including Compliance). Prepare and obtain the appropriate transactional approval in accordance with the approval procedures.
- Ensure timely setup of facility parameters in relevant bank systems. 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, reporting, commercial and clients' meetings where necessary

**What are the skill and qualification requirements of the role?**
- Minimum GPA of 3/4 or equivalent
- Good analytical skills, with keen interest to find out more.
- Resourceful and willingness to work with clients / stakeholders for solutions.
- Positive attitude in dealing with challenging and difficult situations

**Need more information?**

Job ID 10073794

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