Trade Finance Analyst
MUFG Bank · Bengaluru · onsite · Posted 29d ago
Undisclosed1–7 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
EDUCATION - Degree or equivalent work experience equally preferable - Degree in finance or other relevant field
CERTIFICATIONS WORK EXPERIENCE - Experience within a complex financial services environment providing support for trade finance servicing, structuring trade deals and supply chain finance - Basic understanding of financial products, accounting principles and compliance regulations
FUNCTIONAL SKILLS - Awareness of relevant regional bank policies, procedures and government regulatory agencies - Basic understanding of economic and political risks in international trade, e.g. exchange rate risk - Working knowledge of commonly used trade financing reporting, reconciliation and audit mechanisms and tools
FOUNDATIONAL SKILLS - Communicates effectively - Identifies multiple paths to success through the development of analytical, critical thinking, and decision-making skills - Exercises sound judgement and strives for continuous improvement - Demonstrates optimism, resilience, flexibility, and openness to others ideas - Learns while doing - Actively listens and asks thoughtful questions - Leverages available technology to achieve efficiency and results - Engages inclusively and with intent - Always acts with integrity
RESPONSIBILITIES
- Traces researches, reviews and audits trade finance documents, outstanding payments, document examinations, discrepancy notifications, letters of credit renewals and maturity files seeking assistance based on level of complexity
- Identifies and escalates potential risks associated with letters of credit transactions
- Reconciles and balances letters of credit fees, liabilities and posted items
- Investigates customer inquiries, adhering to established SLAs
- Understands and complies with bank policies, procedures and various regional government regulatory agencies including: [e.g., U.S. Department of Commerce Anti
- Boycott Provision, U.S. Treasury Department Office of Foreign Assets Control Regulations, Bank Secrecy Act, Anti-Money Laundering, Patriot Act, and Sarbanes
- Oxley, Uniform Customs and Practice (UCP), Uniform Rules of Collections (URC), International Standby Practices (ISP) and International Standard Banking Practice (ISBP)]
- Produces reports and recognizes, understands and deciphers patterns
- Supports processing of specialized trade finance transactions such as letters of credit, amendments, acceptances and collections reimbursements
- Assists with the preparation and recording of issuances, amendments, negotiations and related trade finance correspondence for: standby and commercial letters of credit, documentary collections, banktobank reimbursements, supply chain finance and dynamic discounting
- Assists with verification and disbursement of payments
- Adheres to export and import regulations as outlined by regional regulatory agencies
- Assists in tracking and improving standard operating procedures
Disclaimer: This job posting and location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
letters of creditExportAnti money launderingcustomsauditsTrade FinanceSupply Chain FinanceFinancial ProductsBankingDisbursementURCfinancingInternational TradeFinancial ServicesAccountingTreasurycompliancefinance
About MUFG Bank
MUFG Bank
Banking
2.4k+
employees
1919
107 years old
Chiyoda-ku
Japan
About
MUFG (Mitsubishi UFJ Financial Group) is one of the worlds leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 2,500 locations in more than 50 markets including the Americas, Europe, the Middle East and Africa, Asia and Oceania. The Group has over 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. Through close partnerships among our group companies, the Group aims to be the worlds most trusted financial group, flexibly responding to all of the financial needs of its customers, serving society, and fostering shared and sustainable growth for a better world. MUFGs shares trade on the Tokyo, Nagoya, and New York stock exchanges.
Industries
BankingBanking / Insurance / Accounting
Employee ratings
341 reviews
3.6/ 5
Culture
3.5
Career growth
2.9
Work-life
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