Senior Specialist - Trade Finance Operations

Job Requirements

Role/ Job Title: Senior Specialist-Trade Finance Operations

Function/ Department: Wholesale Banking Operations

Job Purpose

The incumbent is responsible for the following activities and should have knowledge of one or more Trade Finance 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 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 turn processing.
  
  

• Knowledge of MIS, Data Entry