Middle Office Specialist (Asst Manager / Manager) - Trade Commodity Finance Transaction Management Office

Job description

Overview

Trade Commodity Finance Transaction Management Office (TCF TMO) provides support to the TCF Singapore Business Unit in servicing clients' needs through close co-operation with TCF Front Office (TCF FO) as well as other related departments.

Primary responsibility of the Middle Office Specialist 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 of the deal.

Key Responsibility

I) Management of Transactions

· Contact point for clients and liaise closely with operational and supporting departments (Trade Services, Loan & Deposit, Remittance, Treasury, etc).

· Timely management of transactions.

· Perform independent transactional risk analysis (such as performance risk, collateral evaluation, review of contracts, etc) 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.

II) Management of approval process

· Based on analysis performed, prepare and obtain the appropriate transactional approval in accordance with the approval procedures.

· Work closely with TCF FO and relevant departments (including Risk, Operations) to ensure smooth execution of transaction.

III) Portfolio Management and Collateral Management

· Set up position report for each borrowing client as per approved terms and conditions.

· Timely update of transaction information and facility 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 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 ensuring smooth implementation of approved limits in system.

· Prepare reports as required.

V) Provide Guidance to Juniors (applicable for Manager level)

· Guide and train juniors in managing transactional flow and risks.

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

· Enjoying 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

· Possesses good analytical skills, with an ability to understand the intrinsic transactional risks

· Good knowledge of trade finance

· Good knowledge of MS Office applications (particularly EXCEL)

· A minimum of 3 to 6 years of related experience will be needed