IDFC Group - Trade Finance Operations

Position Code: 00001344

Business unit: IDFC Limited

Job Title : Asst Manager/Manager /Sr. Manager/ Chief Manager

Business Vertical : Trade Finance - Wholesale Operations

Location: Mumbai

Profile:

Preferred Qualifications : Graduate/ Post Graduate

Preferred Work Experience : 4 - 10 years of experience

Key Requirements:

- Strong Finance and Accounting fundamentals

- Strong Analytical skills

- Good written and verbal communication skills

- Good Interpersonal skills

- Experience of working in an automated environment would be preferred

Key Accountabilities:

- Perform day-to-day operational tasks in trade transactional processing as per the scope of services covered under the Trade Outsourcing Agreement with clients

- Ensure consistent delivery of high quality services to clients through meeting or exceeding client expectation guided by the Service Level Agreement, and efficiency/accuracy standards.

- Team Member engaged in Enhanced Document Checking for credit compliance for high risk items of Trade Finance services as per UCPDC, URDG, URC, ISBP guidelines:

a) Bills against LC

b) Bills discounting / Negotiation of Export Bills

c) LC confirmation

d) LC issuance

- Suggest the Documentation Scenarios for Structuring of LCs by proactively envisaging the risk mitigants for the Bank while structuring the transaction for the Key Clients

Carries the hands on experience of litigant documentations issues in Trade Finance:

- Matured knowledge of Industry practices

- Manage and resolve client/business partner escalations on real time basis

- Monitor and manage key control processes including transaction checklists through regular intervention

- Hands on operational experience on issuance of Letter of credit/ advising/Bills/discounting/negotiation/forex remittance

- Authorized Dealer approvals for External commercial Borrowings, Overseas investment in joint venture/Wholly owned subsidiary abroad, Remittance towards branch office abroad, extension and write off of export bills.

- Handling queries and clarifications related to RBI Inspection and internal audits