Nonghyup Bank - Manager - Trade Finance

TRADE FINANCE MANAGER

Job Title - Trade Finance Manager

Work Experience - Over 5 yrs. (Preferable foreign Bank)

Certification - CFA, CMA, CPA, CDCS etc.

Qualification - Bachelor's Degree in Economics, Finance or any other related Course. Master's degree (If Any) will be an added advantage

Reporting Line - Team Head

Job Summary :

The incumbent will be supporting business by handling all the aspects of banking documentation and procedures such as application of letter of credit, import/export L/C and collection bills, banker's guarantee and liaising for rectifying discrepancies on L/C documents etc. The incumbent should be able to take up responsibilities in ensuring customer satisfaction is delivered end to end. He/she should be agile in order to handle new products processing as per Bank's expansion plans.

Roles and Responsibilities :

- Provide adequate and efficient transactions in Guarantees - issuing, amendment, cancellation, lodgment of claims, payment within limit as per the credit policy

- Process outgoing remittances

- Handle Swifts/Telexes of transactions relating to Bank guarantees

- Input transactions for advising, confirmation, amendment and cancellation of Import & Export Letters of Credit on timely basis

- Customer Acquisition for LC discounting

- Preparation of periodic reports of opened and outstanding Import and Export letters of credit and monitoring of workflow

- Settle value of documents, sight, in same value dates ensuring full funding coverage with FX, Treasury and Credit Department to avoid loss due to delay of payment interest

- Ability to maintain relationship with existing customers and others to get more business

- Zeal to be able to generate revenue from the Trade Finance products

- Always enthusiastic for business promotion activities and customer meetings and have present database for LC discounting.

- Foreign Direct Investment in India and Overseas Direct Investment in Foreign entity/Joint venture.

- Pre-shipment & Post Shipment Financing including Bill discounting/purchasing/negotiation, PCFC, EPC in INR.

- Buyer's credit, Suppliers' credit & External Commercial Borrowings.

Knowledge, Skills and Abilities Required :

- Well versed with the concept of FEMA, UCP, URC, URR, ISBP & Incoterms and other regulatory aspects.

- Sound understanding of FX, MM and Derivatives Products. FX, OTC trade processing background with risks and controls surrounding this function

- Strong analytical skills and high attention to detail.

Note: The above list is not exhaustive and only illustrative. The Job description is liable to be changed depending upon exigency of work, business and organizational requirements.