Chat

iimjobs

jobseeker Logo
Now Apply on the Go!
Download iimjobs Jobseeker App and get a seamless experience for your job-hunting
16/02 Chandni Saigal
Consultant at ElDorado

Views:2592 Applications:147 Rec. Actions:Recruiter Actions:4

VP/AVP - Documentation & Transaction Support - Transaction Execution Team - BFS (8-17 yrs)

Mumbai Job Code: 665673

Role: Documentation & Transaction support

Location: All India

Position Title: Head - Transaction Execution Team (TET)


Department: Institutional Banking Group

Rank: VP/AVP


Section: IBG 1

Job Purpose

The job is to handle a team of professionals to oversee IBG 1 & 2 (including MNC) documentation and transactions. Once sanction is received, it would be handed over to TET, and the team will have to do end to end execution. This would involve discussion with customer, clearing documents from Credit Control Unit, internal and external legal, compliance and regulatory teams & transaction support.

Key Accountabilities

Team management for the following activities and support:

- Documentation - handle execution of limits documentation by coordinating with customers and internal departments.

- Limits setup and Security creation - Coordinate with Credit Control Unit, internal and external legal to clear documents and ensure limits setting by Credit Control Unit.

- Regulatory - Coordinate with the regulatory team to resolve issue related to FDI/ ODI/ ECB filings

- Transactions - Coordinate with customers for documents and T&O for timely execution and delivery of deals.

Job Duties & responsibilities

Team Management and support for the below activities:

Documentation

- Preparation of offer letter upon sanction of limits and get it released by Credit Control Unit.

- Arrange draft documents from Credit Control Unit and send to customer for vetting.

- Negotiation with customers with respect to documents for Local deals

- Negotiate with external legal/ banks along with customer for documents for foreign currency deals

- Coordinate with external legal/ banks to get all related documents in place

- Coordinate with HO for executing the documents

- Seek approval from Credit Control Unit, Legal & Compliance and Business Unit wherever required.

- Getting the final documents issued from Credit Control Unit.

- Execution of documents by customer.

- ROC search, valuation and title search to be initiated by the team.

Limit setup and Security creation.

- Get vetting, query resolution and clearance of executed documents from external legal counsel and Credit Control Unit.

- Ensure timely loading of limits.

- Ensure timely security perfection by coordinating with customers, security trustees and legal.

Regulatory Issues

- Ensure timely FDI/ ODI/ ECB filings

- Resolve queries related to FDI/ ODI/ ECB filings

Transactions

- Coordinate with customers for timely delivery of transaction documents.

- Providing clients with basic documents

- Ensure timely vetting of transaction documents by branch Operations and Trade & Operations.

- Seek necessary approvals from T&M/ Credit/ GTS/ Liabilities Product

- Follow up with T&M/ GTS and customer for resolution of queries and disbursement.

- In case of off shore transactions liaison with HO - Singapore team, ensure necessary approvals are in place and timely setup of country limit.

- Ensure timely setup of transaction wise limits by Credit Control Unit and execution by Trade & Operations.

- Further ensure RTGS / NEFT done by cash ops in time and communicate with customer.

- In case of offshore deals, complete drive the disbursement process from CIF creation, documentation, internal stakeholders approvals, legal compliances and setting up of limits and disbursement, ending with a swift message to the client/ agent bank

Required Experience

1. Documentation handling and preparation

2. Experience in client facing and ability to negotiate with customers.

3. Sufficient knowledge to discuss documents clauses with customers, RMs and Legal.

4. Understanding of trade/ loan products

5. Experience in client facing and ability to negotiate with customers.

6. Sufficient knowledge to discuss documents with customers, RMs and T&O.

7. Team management

Education / Preferred Qualifications

Core Competencies

1. Excellent communication and negotiating skills to communicate with customers and different departments of the bank.

2. Good knowledge of documentation and clauses therein to effectively discuss with customer, Credit Control Unit, external legal counsel and Legal & Compliance.

3. Good time management skills to handle multiple deals.

4. Strong people management skills, especially cross functional team.

5. Knowledge of transaction processing and documentary requirements

Work Relationship

All Business Unit & Support Units, Legal & Compliance, Credit control unit, Relationship Managers, Business Team Lead, Branch Operations, Trade and Operations, External legal counsel and Customers.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

Add a note
  • Apply
  • Assess Yourself
  • Save
  • Insights
  • Follow-up
Something suspicious? Report this job posting.