Specialist-Trade Finance Operations
IDFC FIRST Bank
Date: 3 weeks ago
City: Navi Mumbai, Maharashtra
Contract type: Full time
Job Requirements
Role / Job Title: Specialist-Trade Finance Operations
Function/Department: Trade Finance Operations
Job Purpose
The incumbent is responsible for the following activities in the role of - 'Specialist-Trade Finance Operations' and should have knowledge of 1-2 products:
LCs and Collections, BGs and SBLCs / SBLC backed BCs, Doc Checking, Bill Discounting, Committed Payments, Import (A1) Remittances, A2 Remittances , A2 Exchange House Remittances , Inward Remittances, Exports.
Roles & Responsibilities
Knowledge of MIS, Data Entry
Managerial & Leadership Responsibilities
Improve processing environment, team dynamics and ethos. good people skills and stakeholder management.
Education Qualification
Graduation: BBA (Bachelor of Business Administration) / BCom (Bachelor in Commerce) / BSc (Bachelor of Science)
Post Graduation: MBA (Master of Business Administration) / MA (Master of Arts) / PGDM (Post Graduate Diploma in Management) / M Com (Master Of Commerce)
Experience: 5 - 10 years of relevant experience
Role / Job Title: Specialist-Trade Finance Operations
Function/Department: Trade Finance Operations
Job Purpose
The incumbent is responsible for the following activities in the role of - 'Specialist-Trade Finance Operations' and should have knowledge of 1-2 products:
LCs and Collections, BGs and SBLCs / SBLC backed BCs, Doc Checking, Bill Discounting, Committed Payments, Import (A1) Remittances, A2 Remittances , A2 Exchange House Remittances , Inward Remittances, Exports.
Roles & Responsibilities
- Responsible for transaction processing involving document scrutiny, checking / reviewing and authorization of transactions in line with Standard Operating Procedures, RBI guidelines.
- Experience in either of the desks – LC / BG issuances, Document Checking, Inland Bill Discounting, Exports, Import Remittances, A2 Remittances, Inward Remittances.
- Operating within the delegation of authority
- Ensuring processing in line with Internal Standard Operating Procedures (SOPs)
- Ensure processing within TATs as prescribed and ensure error free processing. Timely reporting of errors if any
- Ensure adequate and efficient processing pertaining to various client segments, resolving queries if any on a timely basis.
- Handling of internal reconciliations – office accounts and nostro reconciliations as and when applicable.
- Knowledge and awareness on Trade Based Money Laundering and highlight such cases at the time of trnx processing.
Knowledge of MIS, Data Entry
Managerial & Leadership Responsibilities
Improve processing environment, team dynamics and ethos. good people skills and stakeholder management.
Education Qualification
Graduation: BBA (Bachelor of Business Administration) / BCom (Bachelor in Commerce) / BSc (Bachelor of Science)
Post Graduation: MBA (Master of Business Administration) / MA (Master of Arts) / PGDM (Post Graduate Diploma in Management) / M Com (Master Of Commerce)
Experience: 5 - 10 years of relevant experience
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