AVP/VP, Transaction & Collateral Management Manager

at  OCBC Bank

WHO YOU WORK WITH

Group Risk Management works independently to protect, build, and drive our businesses. The team support good decision-making. With strong risk analysis. And a crucial, comprehensive role in sharpening our competitive edge. Optimising risk-adjusted returns. It’s about seeking and adopting best-in-class practices. Protecting the group from unforeseen losses. Keeping risk within appetite. Embracing change and managing growth in one of the world’s strongest banks.
Qualifications

WHO WE ARE

Singapore’s longest established bank, we’ve been helping people and businesses get what they want from life since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.
Today, we’re on a journey of transformation. Embracing technology and creativity to become a future-ready learning organisation. But for all that change, the entire focus of our organisation remains to be Simply Spot On. In everything we do.
And so whether you want innovate needs-based financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career. Your Opportunity Starts Here.

• You would be performing verification, authentication and monitoring of the trade transactions and collaterals as follows:
• Monitor all transactions requested by the client to ensure that they fall within the credit parameters specified in the facility or otherwise raise as an exception for approvals.
• Obtain and review all transactional documentary support (e.g. purchase contracts, sales contracts, export L/Cs, insurances, hedge contracts etc.) before validating the transactions for execution by Trade Ops. Track the development of the transaction on end-to-end basis from procurement to sales.
• Review the AML/CFT aspect of the transactions and highlight red flags if any to BU, Risk and RCU accordingly.
• Ensure adherence to approved advance margins and arrange for appropriate cash top up, when required.
• Assess the quality and value of collateral by performing mark-to-market valuation of collateral where appropriate to ensure that this is maintained on an on-going basis.
• Monitor movement of collateral and control the release of goods financed by the bank to third parties such as warehouses, forwarders, shipping companies.
• Follow up on transaction exception or excess and the regularisation or rectification of these matters with Relationship Managers
• Provide feedback on monitoring possibilities and operational experience of the clients during credit reviews.