VP - Trade Finance Operations - Bank

We have few very urgent position in one of the best and established MNC BANKING operations delivery setup :-

Position :- VP - Trade Finance

LOCATION :- Mumbai

Ctc - negotiable ; depending upon current CTC and relevant experience.

Designation :- VP

Job Purpose

Head Trade Operations for the Bank's India customers.

Job Duties & responsibilities

- Should be able to effectively handle high value outward remittances, Issuance/amendment of LCs, Import/Export LC Documents Checking in line with UCP 600 guidelines & Handling Collections in line with URC guidelines.

- Transaction Processing (Import LC issuance, Export LC advising & confirmation, Issuance of Bank Guarantees, Export & Import LC Document Checking, LC & Collection Payments) while ensuring Compliance with Bank's Policies & Procedures on KYC & AML, OFAC/UN Sanctions,

- Effective stakeholder and team management.

- Cross Functional Training of Team Members to maximize Productivity & Create effective Backups.

- Analysis of the Technical & Functional gaps, identify key enhancements required.

- Review, Validation & Testing of various UAT Test Scripts for the Functional Gaps & Business Confidence.

- Enhance client experience through various initiatives.

- Effectively mitigate the Money Laundering/Terrorist Financing/Sanctions risks associated to all escalated trade finance transactions and provide approval/escalate as necessary.

- Assist in reviewing/developing Department Operating Instructions and ensure adherence of Policy and Procedures.

- Maintain at all times an excellent knowledge of the Banks Domestic and International Compliance Policies & Procedures and Regulations related to Trade Finance Business and Record, Monitor and Report Compliance related Issues.

- Constantly monitor the productivity of the team, create effective back up & ensure transparent conduct of the employee assessment process.

Required Experience

- Candidate should have 10+ years- experience with significant experience in Trade Operations.

- Should have ability to scale up team

- Excellent Client and Stakeholder Management.

TCPL