Middle Office Assistant Manager
Candidates who are keen to apply for this role, do email your latest resume to banking.singapore@reedglobal.com
Job Description
- 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.
- Identify transactional risks and explore risk mitigating measures where possible.
- Participate actively in discussions with Front office on clients’ modus operandi, trade flow etc during credit reviews.
- Contact point for clients and liaise closely with operational and supporting departments (Trade Services, Loan Deposit, Remittance, Treasury etc).
- Based on analysis performed, prepare and obtain the appropriate approval for the transaction.
- Work closely with Front office and relevant departments to ensure smooth execution of transaction.
- Set up position statement for each borrowing clients as per approved terms and conditions.
- Timely update of transaction information and facility exposures in position statement.
- Monitor and manage supporting collaterals including assessment of the collateral quality; perform the appropriate collateral valuation 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.
- Work closely with Front office ensuring smooth implementation of approved limits in system.
- Prepare reports as required.
To be considered for this role, the applicant would ideally possess the following pre-requisites:
- At least 1-2 years working experience in trade and commodity finance middle office; OR at least 4-5 years working experience in commodity trade finance operations with great interest to learn.
- Strong knowledge of trade finance in relation to the commodity trade flows and products.
- Strong analytical skill in transactional risks of trade flow.
- Must possess a ‘Hands-on’ and ‘can do’ mentality; with a high level of self-motivation and professional pride.
- Good knowledge of MS Office applications
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