As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations 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. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver 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.
This is the broad job description of the job profile. Definitive job description should be reviewed and discussed between you and your manager.
Trade Finance Product Management
Global Transaction Banking has two main pillars of business namely, Cash Management and Trade Finance / Services.
Under Global Trade Finance (GTF), it is important that OCBC is able to support our corporate clients in traditional trade as well as supply chain financing (covering Accounts Receivable Purchase/ARP and Accounts Payable Financing/APF), be it domestic or cross-border trade.
PositionAt OCBC (Malaysia) Bhd (“OCBC”), we are looking for a strong candidate with Supply Chain Finance (SCF) experience to lead the team.
ResponsibilitiesWork with GTF Group Office (Singapore) on submission of SCF product proposals for approval under the New Product Governance process or enhancement to existing features of SCF, to meet market demand in Malaysia.
Work with Trade Sales Managers (TSMs) and Relationship Managers (RMs) in structuring SCF solutions, addressing risks in deviations where applicable for approval.
Develop product strategy and roadmaps through product knowledge, competitors’ offerings, market research, internal and external stakeholders’ feedback and others.
Roll out enhancements to existing products and new products.
Manage the Profit and Loss (P&L) responsibilities together with TSMs for SCF.
Commercialize SCF and work hand-in-hand with TSMs to increase the revenue for SCF.
Referrals of SCF potential clients, where applicable to RMs.
Lead the Middle Office support with regards to SCF e.g. managing the credit insurance portfolio, risk participation and risk distribution opportunities.
Work alongside Group office for system enhancement and Channel team, ensuring that enhancements are thoroughly tested prior to launching.
Liaise with stakeholders e.g. Legal (internal or external) to ensure that documentation for SCF or custom-made solutions are in place.
Drive ad-hoc projects assigned by Head of Trade and Supply Chain Product or the Bank’s management from time to time.
Provide mentorship to team members and guide stakeholders for deeper understanding of SCF.
An SCF expert with at least 15 years of experience in Factoring / ARP, APF, SCF Operations and Product Management.
Robust knowledge of working capital solutions, accounts receivables purchase, accounts payable financing, credit insurance, risk participation and distribution and third-party platforms.
Experience in legal documentation negotiation.
Experience in structuring SCF solutions to cater to market’s needs from time to time.
Experience in handling negotiation with Trade Credit Insurers or brokers to back SCF solutions, short to mid-term deals.
Excellent in stakeholder management skills and able to articulate product changes / new product or system enhancements to solicit approval.
Strong analytical skills and financial acumen.
Solid structuring skills, identifying risks and propose mitigants and robust control frameworks.
Proficient in product development lifecycle and methodologies e.g. capital relief.
As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations 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. Leveraging technology and creativity to become a future-ready learning organisation.
But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future.
We invite you to build the bank of the future. Innovate the way we deliver 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.
We regret only shortlisted candidates will be notified.
What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Skills Required
- At least 15 years experience in Factoring / ARP, APF, SCF Operations and Product Management
- Robust knowledge of working capital solutions, accounts receivables purchase, accounts payable financing
- Experience with credit insurance, risk participation, risk distribution and third-party platforms
- Experience in legal documentation negotiation
- Experience structuring SCF solutions to meet market needs
- Experience negotiating with Trade Credit Insurers or brokers for short to mid-term deals
- Strong stakeholder management and ability to articulate product changes and system enhancements
- Strong analytical skills and financial acumen
- Solid structuring skills, risk identification, mitigants and robust control frameworks
- Proficient in product development lifecycle and methodologies (e.g., capital relief)
What We Do
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang. OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
