Ryan Tan is currently a financial institutions (FI) Coverage Banker in SMBC. His first job was as a Senior Officer in SPRING Singapore (now known as Enterprise Singapore). Following that, Ryan ventured into the private sector as a FI coverage banker in United Overseas Bank (UOB), where he managed a portfolio of FI customers in the Americas, Europe, Middle East and Africa; he then moved on to his present role in SMBC in 2017.
As an undergraduate student, Ryan was an Executive Development Scholar under SPRING Singapore, and was also a recipient of the Italian Ambassadorial Scholarship and placed on the Dean’s List. Moreover, he has also been an active participant in the University Scholar’s Programme, and took up various projects and leadership roles in university.
Q: Could you share more about your role and yourself to our readers? What is a normal working day for you as an FI Banker like?
My role requires me to deal with other banks as clients, marketing a variety of banking products to other institutions. I help other institutions access the capital markets (loans, bonds, equity), global markets & transaction banking services (cash & trade).
Every working day for me is pretty dynamic. My work schedule requires me to travel often, and each work schedule is usually different. Compared with the schedules I have for my overseas tenures, the workload is slightly less demanding in Singapore. Negotiations with clients to see if there are potential opportunities for a sales transaction is also part of my scope of work. Liaisons with our internal stakeholders are also significantly crucial, where we discuss how we can support client requests, and analyse the economic impacts and benefits of potential transactions.
My role as an FI Banker requires me to travel monthly, mostly within the Southeast Asian region. Since a lot of my clients are based in the region, flying over there, meeting them, as well as other financial decision makers, Chief Financial Officers (CFOs), heads of departments and treasurers is a significant part of my job scope.
Q: Please tell us more about your experience at NUS Business School. Was it a passion, stability or the monetary benefits behind that led you to consider an Accountancy degree?
From the age of 16, I knew I wanted to consider something more enterprising and business related as a career. However, I did not have a substantial network or even resources to do so, and I figured that if I joined SPRING Singapore, I would be able to develop my network & connections. Hence, I accepted a scholarship with SPRING Singapore in line with my education in NUS Business School. I wanted a more enterprising career path and the scholarship SPRING Singapore offered was in line with my career goals and purpose.
In my years as a NUS Accountancy student, I completed two internships. My first was with one of the Big 4 companies, KPMG, which satisfied my compulsory Accounting internship requirements for my degree. My other internship was with SPRING Singapore, the provider of the bonded scholarship and hence eventually, my first employer.
My internships with the 2 companies were particularly valuable in preparing me for the working sector. The experience gave me a glimpse into the real work done by professionals, and what the workplace culture was like. More importantly, it gives me a taste of the requirements needed for that job, and other similar jobs within the sector. There was never a better opportunity at the undergraduate level, other than through internships, to get a day-to-day experience of what a job entailed. Another essential skill I developed during my internships is learning to make friends at the workplace. Aside from being technically competent, communication, networking and social skills are very crucial soft skills in the workplace.
Q: What were you aspiring for when you first started out? How was a career at the SPRING Singapore like?
During a particular town hall address in SPRING Singapore, the CEO of SPRING Singapore gave a particularly good piece of advice that still resonates with me. He said that the first ten years of your work life is very important, and determines how far you can go for the rest of your career. This left a deep impression on me, and made me realise that I need to learn as much as I can to go far in my career.
I aspired to learn as much as I could when I first started out. As someone with an entrepreneurial zeal, I opted for a more client-facing, front office role of the organisation. My role in SPRING consisted mostly as an account manager for retail companies in Singapore. As such, it involved a critical understanding of what clients needed – giving them grants, connecting clients with improvement programs, increasing their operational efficiency, process optimisation, and improving their overall branding and strategy.
Being in SPRING Singapore was an enjoyable experience. It was a young organisation and most of my colleagues were fresh graduates around my age. The workplace felt like an extension of school, and public sector work was purposeful. I felt that I was contributing to the future of the economy.
However, working in the public sector has its drawbacks too. Some projects can take very long to bear fruit, for example industry roadmaps take years to develop, and you might not see the results in your lifetime with the company.