Job Description

Why ING?The world of banking is changing faster than ever. Thatxe2x80x99s 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.More on ING Wholesale Banking AsiaIn Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, Hong Kong SAR, India, Indonesia, Japan, Mainland China, Philippines, Singapore, South Korea, Taiwan and Vietnam.More on Trade Commodity FinanceTrade Commodity Finance (TCF) xe2x80x8bfocuses on physical commodity traders engaged in the origination, processing, wholesale distribution & logistics and marketing of commodities across the energy, metals and agriculture commodity sectors. We do this through a global network and currently have a global leading position. In Singapore, TCF remains a leading financier for the commodity trading community.OverviewAn opportunity has arisen for a TCF intern who will have the opportunity to support TCF activities within the Front Office and Transaction Management Office (TMO). A key role to provide strong support to the TCF clientsxe2x80x99 needs through close co-operation within TCF and various internal stakeholders.Duties and responsibilitiesFront OfficeClient ManagementTogether 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 bankxe2x80x99s risk appetite and/or approved credit facility parametersWork 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 modificationsAssist in credit & operational tasks including credit reviews, customer due diligence management, call reports, covenant monitoring and management reportingParticipate in ad-hoc projects or assignments, reporting, commercial and clientsxe2x80x99 meetings where necessaryTMOTransaction ManagementTogether with the TMO officer, you will be the main contact point for clients in the entire trade cycle of their transactionsWork closely with AO and relevant departments (including Risk, Operations) to ensure smooth and timely execution of transactionsPerform 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 transactionHandle clientsxe2x80x99 daily cash flow transactions including deposits, remittances and attend to enquiries from clientsParticipate in ad-hoc projects or assignments, reporting, commercial and clientsxe2x80x99 meetings where necessaryWhat are the skill and qualification requirements of the role?Minimum GPA of 3/4 or equivalentGood 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

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