Associate, Transaction Management Office - Singapore - ING
Description
An opportunity has arisen for an Analyst/Associate position in Transaction Management Office (TMO) within the Trade & Commodity Finance team in Singapore.
A key role to provide strong support to the TCF Singapore Business Unit in servicing clients' needs through close co-operation with TCF Account Officer (TCF AO) and the various internal dept.
including Trade Operations and the 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.
- Key Responsibility_
on both transactional deal and during annual 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 System, Trade Life Cycle and administration matters.This includes but not limited to:
- Management of core system, not limiting to settling of facility for each client as per approved terms and conditions and 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 Collateral value reporting, ad-hoc reporting, ad-hoc projects or assignments, commercial and clients' meetings where necessary
Requirements:
To be considered for this role, the applicant would possess the following pre-requisites:
- 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.
- Proactively driving changes and contribute positively towards workflow efficiency
- Strong knowledge (preferred) /interests of trade finance-
- A minimum of 0-4 years of related experience
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