Senior Associate - Trade Finance Operations

Job Requirements

Role/ Job Title: Senior Associate – Trade Finance Operations

Function/ Department: Wholesale Banking Operations

Job Purpose: The incumbent in this role should be having working knowledge of A1 remittance & BOE process.

Roles & Responsibilities:

 Processing of Bill of Entry Updation or Settlements for Import Outward Remittances- Trade Finance such as Advance Import remittances, Direct Import Remittances, Import Collection Payments, Import LC Payments etc as laid down RBI circular and Internal policies.

 Ensuring all transactions and Documents received from Importers comply with RBI, FEMA, IDPMS and Trade Based Money Laundering (TBML) regulations. Staying updated on trade finance regulations and guidelines.

 Ensure all regulatory timelines are met for Bill of Entry Extension and regularization along with requisite documentation. Ensuring all requisite documentation are in place for Bill Of Entry/ ORM write off cases and relevant approvals as per RBI Circular and Internal policies are obtained.

 Ensure the processes and policies are compliant and streamlined within the Regulatory guidelines.

 Oversee quality initiatives across operations team for optimization of processes to improve TAT and upgradation of SLAs.

 Manage and monitor business critical metrics and performance indicators by leveraging relevant dashboards and trade analytics.

 Ensure best utilization of manpower resources

 Settlement process in IEDPMS and TRRACS application

Educational Qualification: Graduate/Post Graduate

Experience: 3 to 5 years of experience.