IDFC FIRST Bank—Senior Specialist - Trade Finance Operations

Job description

Description: 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. Secondary Responsibilities: · Knowledge of MIS, Data Entry Education Qualification: Graduation: Bachelor’s degree any relevant stream Post-graduation: Any Stream Experience: 05 to 08 years of relevant experience. Skills: trade finance operations, lcs and collections, rbi guidelines, bgs and sblcs, doc checking, committed payments, import remittances, escalation management, trade finance, export operations, analytical skills, process optimization, audit management, letters of credit, operational efficiency, personal branding, core banking system operations, supply chain finance, control testing, problem solving, learning agility, sla management, regulatory compliance, aml compliance, developing people, bank guarantees, quality assurance, automation strategy, communication & influence, foreign exchange management