Job Description

:Role / Job Title: Specialist-Trade Finance OperationsFunction/Department: Trade Finance OperationsJob Purpose:The incumbent is responsible for the following activities in the role of - \'Specialist-Trade Finance Operations\' and should have knowledge of 1-2 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 a 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 trnx processing.
• Improve processing environment, team dynamics and ethos. good people skills and stakeholder management.

Education Qualification:Graduation: Bachelor of Commerce (B.com) / Bachelor of Science (B.Sc) / Bachelor of Arts (BA) / Bachelor of Business & Insurance (BBI) / Bachelor of Management Studies (BMS)Post-Graduation: Master of Business Administration (MBA) / Master of Commerce (M.com) / Master of Arts (MA)Experience: 5 to 10 years of relevant experience

IDFC FIRST Bank