Associate - Trade Finance Operations

Job Requirements

Role/ Job Title: Associate – Trade Finance Operations

Function/ Department: Wholesale Banking Operations

Job Purpose: The incumbent in this role should be having knowledge in Capital A/ C Products like ODI, FDI, ECB, LO / BO/ PO and regulaotry reporting associated with it. Should have a prior experience from an operations perspective.

Roles & Responsibilities:

Processing of Capital Account Trnx like ECB, ODI, FDI, LO / BO / PO

ECB - Processing under automatic route and approval route, Guidance to the Branch & Customer about filing of Form ECB or any other document, obtaining LRN from RBI, follow up for filing of Form ECB-2, filing ECB 2 with RBI, Maintaining Record of all ECBs sanctioned and ECB 2 filing, approving ECB remittances.

Ensuring adherence to guidelines pertaining to FDI transactions. Handling approvals of FCGPR / FCTRS etc. in the FIRMS application of RBI. Liaising with branches for discrepancy resolution, if any.

Ensuring adherence to guidelines pertaining to ODI transactions

Manage and achieve satisfactory audit rating and error free operations.

Maintaining MIS, reporting to stakeholders and follow-up for overdue.

Timely processing meeting client expectations

Assist In Transactional Regulatory Checks As Required.

Enure processing is in line with the internal standard operating procedures (SOPs) and regulatory guidelines. Review of SOPs at frequent intervals and obtaining sign offs from concerned stakeholders.

Identifying risks and ensuring that there exist adequate controls (automated / manual) to ensure compliance with applicable rules and regulations.

Ability to handle regulatory queries / reporting related requirements

Educational Qualification: Graduate/Post Graduate

Experience: 2-5 yrs.