Private Banking Singapore - Credit Middle Office, Analyst

The Credit Risk Management Team is part of the Private Bank Credit Operations group.
This team monitors JP Morgan Private Bank exposures (including loans, mortgages & derivatives) secured by financial assets, such as equities, fixed income products and other asset types. The functions performed by this team are critical to protecting the bank from potential credit losses.

Working closely with the Capital Advisors, the team is also responsible for administration and monitoring of Private Bank Asia credit facilities in line with corporate credit policy, including review & monitoring of credit covenants and other special monitoring requirements.

Specific Duties
· Review credit proposals & assist Capital Advisory teams with credit system enrichment
· Ensure compliance with credit policies and guidelines
· Ongoing collateral monitoring & validation of structured lending conditions
· Working closely with technology teams on increased automation
· Participate in global initiatives
· Perform credit checks on & approve payments, loans and releases of other collateral
· Partner closely with the Lenders and Credit Executives, especially on exception management
· Prepare supporting information for Credit & Portfolio Reviews
· Prepare Credit MIS
· Regulatory and internal reporting

Skills

· Degree holder
· 3 - 5 years of work experience in a credit middle office or control function, or other work experience in private banking
· Team player
· Demonstrated interest in financial markets and understanding of risk measures
· Strong listening & analytical skills
· Detail orientated with strong written & oral communication skills
· Control mindset
· Capability to manage projects and multi-task
· Computer skills required: Microsoft Access, Excel, Power Point and Word
· Ability to prioritize & work independently under pressure with long hours at times

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Business Development Manager Aviation (Middle East), based in Singapore

Location:Singapore
Reference No:XSNG-CJE/32545/FB
Entrepreneurial OpportunityConsultative SellingMiddle East CoverageThe Company The company is a MNC offering a variety of medical solutions to a wide range of clients including the Aviation sector. The Position This position reports directly to the Head of the Business unit and is based in Singapore. Due to the fast growth in that particular business the successful candidate will drive business growth especially for the Middle Eastern market and India. He/she will work closely with other internal stakeholders to cross-sell the services and leverage on the global expertise. This position requires a strong understanding of consultative selling and it is a great opportunity to work in a very entrepreneurial environment as this unit has only be established a few years back. The Person The successful candidate must have at least 8 years of experience in consultative selling to B2B clients. Furthermore a background in aviation will be advantageous with strong networks in the aviation industry especially in the Middle East. He/she must possess great communication skills in English; additional knowledge in Arabic is preferred. Interested candidates can either forward their CVs in MS Word Format to industrial-christina@talent2.com.sg or contact Christina Jeloschek, in our Singapore Office, at +65 6511 8566 for a preliminary discussion. Please note that only short-listed candidates will be contacted.
Job Type:Permanent
Location:Singapore
Open To:All applicants
Submitted:28.02.2011


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middle office operations

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Officer,Global Middle Office,Product Control

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009, Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange

Job Description

The department provides finance and desk support to the LCT Desk, covering FX (forwards, vanilla options, NDFs, and structured trades) and Rates (swaps, bonds, options and exotics) products. The candidate will have the opportunity to see an array of products and various business areas from front to back office.

Responsibilities

Provide coverage for daily p/l process for any of the books in LCT. This includes both rates and FX books. Daily P/L process includes analysis of greeks, new deals, positions and cash reconciliation, and accounting. Trader support on P&L and Position queries Perform month end close process (posting to subledger, balance sheet tie out and signoff, reserves, and price testing) Work with trade support daily to ensure risk/positions are tied out and no outstanding risk issues remain. Assist in systems retirement, implementation, migration as well as other ad-hoc projects and new initiatives.

Requirements

Minimum of 2-3 years experience working in a product control functionThe candidate requires strong communication skill to liaise within MO teams, legal, risk management, traders, marketers, sales and other regions, i.e. TK/Singapore/London/NY/Mumbai/SeouHighly motivated, fast learner, able to work under pressure on tight deadlines, assertive, mature, and team player Prior management experience preferredProficient in Excel/AccessUnderstanding of fixed income, derivative, and FX instrumentsA certain exposures to structured debt products is preferableSolid understanding of Balance Sheet and accounting procedures

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IB Operations, Professional/Associate - Traditional Credit Products (TCP) Middle Office

J.P. Morgan Singaporenot disclosedPermanentFull time13-Dec-2010708961An exciting opportunity exists to join the new and growing Traditional Credit Products team working within the Investment Banking Operations department in Singapore. You will have the opportunity to influence the direction of the team and operating model and play an integral role in setting up this new function. Your ability to influence change, build strong relationships with a variety of different businesses, and ultimate delivery focus, will hold you in good stead in this fast paced and dynamic opportunity.

About the department:
Traditional Credit Products Middle Office supports the end to end processing of loans transaction. It has launched a new operating model and is implementing a strategic transaction processing platform, spanning significant multi-year projects for Asia. The growth driver for this team stems from the setup of a new Line of Business (Global Corporate Banking) which will result in expansion across markets in Asia.
Key Responsibilities
Work in partnership with Credit, Investment Bank and Treasury Services colleagues and play a key role in defining the target operating model to support the new platform and businesses
Help establish quality measures and standards that ensure client service standards are met
To take day-to-day support responsibility of new and existing credit facilities for loans transaction
The role will require the establishment of effective partnerships with teams in several areas of the bank in different capacities
To take responsibility for maintaining the highest quality data, as well as understanding and adhering to credit policy developments and escalating appropriate queries
To follow best practice and procedure to ensure no control breaches
Review of facilities in limit excesses on daily basis and ensure that approval(s) is/are obtained to cover the position
Review facility documentation to ensure credit terms comply with credit approvals and term sheets
Draft, prepare, vet and safe-keep facility documentation, agreement and security documents
Ensure that any amendment/waiver of the standard clauses is supported by appropriate approving authority(ies) such as Credit, Legal, Business, Compliance etc
Ensure all conditions precedent are met before implementation of the facility line
Tracking outstanding documents and follow up with Credit &/or Bankers

Skills

The ideal candidate will possess the following qualities:
Bachelors degree, plus min 2 years of relevant work experience
Strong decision making capabilities and the ability to identify problems and propose solutions. Exhibits initiative to raise issues to appropriate/relevant parties when needed
Proactive/self-starter with the ability to deliver value-added support to business partners in a dependable, timely and accurate manner
Demonstrates flexibility and willingness to accept new assignments and challenges in a rapidly changing environment
Good communication and relationship/partnership-building skills both with team members as well as other business partners. Ability to interact confidently with all levels of stakeholders
Strong attention to detail with a control and cost discipline mindset, takes ownership and is accountable for area of responsibility
Good level awareness of Corporate Banking and its products. A sound knowledge of credit policies and credit systems would be a distinct added advantage
Strong PC skills in Microsoft Suite (e.g. Word, Excel, PowerPoint, Visio). Ability to use web-based technology effectively
Knowledge in ACBS or Loan IQ for loan bookings
Facility documentation knowledge an advantage

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