Associate/Senior Associate, Operations (Fund Repatriation)

About Temasek

Temasek is a global investment firm based in Singapore, managing a net portfolio valued at S$518 billion (US$401 billion as of March 31, 2026). Driven by the mission “So Every Generation Prospers,” Temasek aims to build a resilient and future-ready portfolio delivering sustainable long-term returns. The company operates 13 offices across 9 countries worldwide, including locations in Asia such as Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore, and internationally in Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington DC.

Global Operations and Global Transaction Services

Temasek’s Global Operations (GO) group acts as an integrated partner providing comprehensive investment support services from deal advisory to sustainability reporting. Within GO, the Global Transaction Services (GTS) team oversees end-to-end trade support and settlement functions to ensure efficient execution and compliance. GTS maintains key external relationships with banks, trading counterparts, and other service providers.

Role Summary

The Fund Repatriation Associate is pivotal in managing cash proceeds received by the firm. The role involves precise identification, evaluation, and timely repatriation of funds to support effective cash governance, compliance, and accurate recording.

Key Responsibilities

• Continuously monitor SPV bank accounts to identify incoming cash flows that require repatriation.
• Analyze the nature of the proceeds to determine the correct repatriation mechanism, factoring in operational, tax, regulatory, and governance concerns.
• Ensure all cash receipts across multiple SPV entities are promptly and accurately identified and verified.
• Collaborate closely with Tax and Treasury teams to confirm repatriation strategies, instructions, currency conversions, and timing.
• Execute repatriation transactions with precision using the firm's investment process systems, ensuring correct details such as amounts, value dates, and beneficiary information.
• Maintain comprehensive documentation complying with internal control and governance standards for all repatriation activities.
• Provide timely reporting on repatriation progress, outstanding items, and aging status when requested.
• Work in partnership with Treasury to streamline cash flow processes and troubleshoot any issues impacting repatriation cycles.
• Identify and propose process enhancements to increase automation, efficiency, and effectiveness of repatriation operations.

Candidate Requirements

• A degree holder with 2 to 4 years of relevant experience for Associate level, or 5 to 7 years for Senior Associate, preferably in middle/back office operations and cash management.
• Strong analytical aptitude to evaluate different types of proceeds and decide on optimal repatriation pathways considering operational, tax, and regulatory frameworks.
• Meticulous attention to detail and strong adherence to processes to guarantee accuracy and timeliness in transaction execution.
• Excellent collaboration skills to engage effectively with internal stakeholders including Tax and Treasury.
• Comfortable with investment processing systems and a mindset oriented towards process optimization and automation.
• A proactive approach demonstrating strong ownership and responsibility for monitoring and ensuring repatriation activities are performed on schedule.
• Highly organized, capable of handling multiple SPV transactions simultaneously, and managing competing priorities effectively.
• Strong communication and documentation abilities.
• A committed team player eager to learn, take initiative, and contribute positively.
• Proficient in Microsoft 365 Office applications.
• Knowledge of data literacy is advantageous.
• Familiarity with data visualization and analytics tools such as Qlik Sense and Tableau is a plus.