Non-Executive Director — Risk Oversight, Warehousing and Collateral
Singapore·Banking & Financial Services·Storage and collateral services· Singapore·Posted 23 August 2026
Applications close 27 December 2026
Storage and collateral services organisation in Singapore
The problem this seat exists to solve
This board role focuses on the credibility of services that provide confidence over stored goods and collateral. The director must understand how custody, records, staff conduct and release procedures can either support or undermine that confidence.
Oversight of the operating model
Challenge the separation of commercial, custody and verification responsibilities. Examine how stock records are reconciled to physical evidence, how exceptions are investigated and how independent checks are commissioned. Review reliance on subcontractors and the practical ability to supervise dispersed operations.
Release and access risk
Require clear reporting on who can authorise movements, amend records or override controls. Ask how duplicate documents, disputed ownership and unauthorised access would be detected. The board should understand the limitations of inspection and monitoring rather than treating a control report as a guarantee.
Business resilience
Review liability exposure, insurance assumptions, operational continuity and the resources needed to maintain reliable control. Seek specialist advice on legal rights and obligations where necessary.
The director should ask how independent stock verification is separated from the teams whose performance depends on throughput or customer retention. Review whether staff can prevent release when instructions conflict and whether attempted overrides are reported. A discrepancy process should preserve evidence, reconcile records and identify the authority for further action. Board oversight must also consider incentives: commercial pressure to retain a client should not quietly change the control standard represented to financiers or other users of the service.
Candidate qualifications
Candidates should have senior experience in warehousing, collateral management, commodity finance or operational risk. They need practical knowledge of how goods are received, stored, verified and released. Evidence of responding to a stock discrepancy or control failure is especially relevant.
Contribution expected
The director should strengthen challenge of the service’s control proposition and ensure adverse findings reach the board. This is an oversight role, not personal certification of inventory or a guarantee of collateral value.
Terms
- Where the board sits
- Singapore, Singapore
- Applications close
- 27 December 2026
- Appointment
- Board appointment
- Time commitment in this market
- Typically 6–10 board meetings a year plus committee cycles; regional issuers commonly hold two of them outside Singapore.
Before you apply — Singapore
No nationality or residency test applies to you as an appointee. The company must have one Singapore-resident director; every other seat is open to a non-resident.
- Residency test
- One director ordinarily resident in Singapore (Companies Act s.145(1)). A listed issuer will already satisfy this before it reaches you.
- Nationality test
- None.
- Work authorisation
- A non-executive director who attends board meetings does not require an Employment Pass. Short business visits are covered by the standard visa position; a director taking an executive or interim operating role does need a pass.
- Tenure limit once appointed
- Nine years — a hard cap since 1 January 2022, with no shareholder override.
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