Rongsheng Petrochemical (Singapore) Pte. Ltd. – Derivatives Settlement Executive

• Monthly reconciliation of open position with all counterparties (eg, check completeness and accuracy of all deals).
• Monitor and report daily margin/credit status and responsible for payment process when margin call required.
• Monthly realisation settlement processes including preparation on invoices; confirmation of settlement and remittance.
• In charge of payments for broker commission invoices.
• Maintain desk procedures and documentation.
• Prepare monthly risk system data vs finance record reconciliations.
• Provide various reports during the month to Trading, Risk and Finance team. Interact with Trading and risk management team to resolve data or report issues in due course.
• Work with internal and external auditors, as well as support provided to the audit process.
• In charge of threshold negotiation with counterparties and optimising margins.
• Work with risk management team on stress testing and report, if needed.
• Ad hoc projects as required.

Job Requirement:

• Bachelor Degree in Business, Accountancy, Banking & Finance or equivalent with strong excel knowledge.
• At least 2 years of relevant experience in managing derivatives settlement procedures, along with a comprehension of the trade life cycle in the field of oil trading or a related industry, would be an added advantage.
• An excellent team player.
• Able to read/write/speak and is proficient in both English and Mandarin as the role requires communication with headquarters in China and other Chinese counterparts.