Details of the Division and Team:
TSCO Singapore Branch Operations provides operational support such as trade settlement, confirmation, for Foreign Exchange, Commodities, Fixed Income and OTC Derivatives (Products).
Some of process had been delegated to out of Singapore to our Delivery Hubs, which needs close collaboration between both teams to ensure efficient and timely delivery to our clients.
This is a commodity specialist Ops role, providing Operation expertise to business and clients to support settlement and documentation relating to commodity derivatives, physical and financing of precious metals and base metals and emission trading.
This role requires the ability to liaise and work in partnership with different business desks, infrastructure in India and Manila and with external parties across APAC, which consists of but not limited to:
- Sales, Trading
- IB Business Enablement Ops
- Technology Partners
- TSCO in Manila and India
- Warehouse Operators
What we will offer you:
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
You can expect:
- Flexible benefits plan including virtual doctor consultation services
- Comprehensive leave benefits
- Gender Neutral Parental Leave
- Flexible working arrangements
- 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement
Your key responsibilities:
- Working with the Commodity business and IB Business Enablement Ops, on new business initiatives to ensure front to back controls are implemented.
- Close cooperation and communication with colleagues in other trading hubs, clients, warehouse operators to ensure seamless logistic operations across different locations and across regions.
- Manage logistic processes, including documentation, customs clearance and warehouse release instructions, invoicing and safe settlement, adhering to internal control procedures, regulations and timely delivery to clients
- Support settlement and confirmation of Commodity Derivatives, Metal financing and physical, Exchange traded products and non-metal products
- Coordinate static data setup and cash settlement with TSCO team in DKS and India.
- Document TSCO Key Operating Procedures
- Participate in the ongoing development of the processes and procedures with TSCO in Manila and India to standardize process, where possible
- Participate in system changes and testing's, working in close relationship with TSCO India and London/SG IB Ops
- Perform front to back reconciliations across cash, position and inventory, identifying discrepancies and escalating according to control protocols.
- Periodic Inspection of DB holding in Warehouse Vault with business management and compliance, where required.
Your skills and experience:
- Minimum 7 years of experience in commodities role from a financial institution with working knowledge in Commodities of the base and precious metals markets and practices.
- Working Knowledge and understanding of commercial deal terms, title transfer documents and Delivery Terms.
- Proven understanding on risks and controls
- Proven experience in logistic operations.
- Working knowledge of Commodity ISDA definitions
- Bachelor’s degree in finance, Accounting, Business or having other relevant professional qualifications.
- Proficiency in Mandarin speaking as the role requires liaising and communication with North Asia clients.
- Working experience in MS Office Package and desktop PC skills with analytical and data management skills.
- Strong team player with very good verbal and written communication skills
- Ability to work to meet tight deadlines in a fast-paced environment.
Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.
How we’ll support you:
- Flexible working to assist you balance your personal priorities
- Coaching and support from experts in your team
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
- Training and development to help you excel in your career
About us and our teams:
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Deutsche Bank & Diversity
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.
