Intern - Commodity Risk Analyst SGUP

Recruiter
None
Location
Singapore, SG
Salary
Competitive salary
Posted
19 Nov 2020
Closes
27 Nov 2020
Ref
1828983788
Job role
Compliance/risk
Experience level
Entry level, Internship
About the role
  • The business is very exposed to the volatility of the commodities market. Good governance of such a business requires accurate and regular risk reporting, analysis, and control.
  • The Risk intern will report directly to the Risk Manager APAC and play a key role.

Key responsibilities include
  • Preparing and performing checks in the daily, weekly, and monthly reporting
  • Performing reconciliation of futures against broker statement
  • Acting as a key expert in derivative related master data maintenance, including onboarding new products, the extension of new trading periods, and derivative brokers
  • Providing adequate support to risk team on ad-hoc transactional requests
  • Supporting continuous improvement initiatives to enhance the firm's systems and processes
  • Internal Stakeholders:
  • Sourcing, Sales & customer service teams
  • Ensuring data integrity in the front office systems (Polomas and SAP), containing all physical trades and futures for Asia, checking against trader workbench
  • Adhoc request to set to O for trade validation to facilitate the contracts/invoice flow
    • Trading Manager (Cocoa and noncocoa)
  • Performing futures reconciliation against broker statement and system
  • Highlighting to the trading manager when there is a discrepancy in futures booking against broker statements
  • Performing close-out procedure for match out/expired futures in SAP
  • Reconciling futures brokerage
    • Risk Manager and Group Risk
  • Updating daily cocoa and noncocoa market prices into price sheet
  • Doing the first level of checks on all reports e.g. Daily trading exposure, net structure reporting, combined ratio report, futures mark to the market report, non-cocoa pnl, certified ledger, consolidation open portfolio, past-due beans, beans forecast, ASTOCK reporting, month-end inventory, month-end risk reporting, and IFRS9 reporting
  • Updating of stocks into polomas regional position
  • Preparation of mid-year and year-end closing HET documentation
    • Customer service team, sales team, and Cocoa finance business partner: Preparation of transfer pricing proposal for all Cocoa Asia sites and consolidating them for release to the customer service and sales team
    • Thailand and India accounting team: Reconciliation with local accounting sales reporting and perform manual drawdown in polomas system
    • IM/IT teams
  • To resolve daily system issues
  • As part of continuous improvement initiatives to enhance systems and processes, as well as new business needs
    • External stakeholders:
    • Derivatives brokers
  • Futures matching with brokers
  • Liaising when there are brokerage issues
    • Auditors: Financial year-end audits

    About you
    • Bachelor's degree in finance/economics or the equivalent combination of education and experience is required
    • At least 0-1 year of working experience in finance/audit/accounting/banking/commodity back office
    • Experience with commodities is a plus
    • Proficiency in English (written and spoken)
    • Meticulous in details and possess excellent analytical skills
    • Great command with Microsoft Excel, SAP, BW
    • Good interpersonal and influencing skills as frequent communication with stakeholders from various departments would be required
    • Possess great team spirit and yet able to work independently as required
    • Positive working attitude with a high degree of initiative and is adaptable to change
    • Able to effect change in a fast-paced, high-energy environment, and enjoy learning

    About the role * The business is very exposed to the volatility of the commodities market. Good governance of such a business requires accurate and regular risk reporting, analysis, and control.

    Skills: Audit, Banking, Commodity, commodity risk management, Finance, reporting & analysis, Risk Analysis, Risk Assessment, Sap, Stakeholder Management

    Experience: 0.00-2.00 Years

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