Trade and Working Capital Operations - Associate
Trade and Working Capital Operations - Associate
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Job Description
You are a strategic thinker passionate about driving solutions. You have found the right team
As an Associate in the Trade & Working Capital operations team you will focus on developing and delivering business solutions related to the trade finance products offered by banks. You will handle transactions such as import & export bills foreign bill collection bankers acceptances/reimbursements and letters of credit. You will also provide transactionalbased expertise to the business to ensure accurate and timely conduct in accordance with ICC guidelines bank procedures and trade finance policy manual. This role provides an opportunity to deepen your understanding of risk management transaction processing retail banking wholesale banking trade settlements and trade processing.
Job Responsibilities
- Handle and turn around transactions within the agreed SLA
- Maintain and update Standard Operating Procedures (SOP) as and when changes occur
- Drive efficiency by implementing various best practices and continuously seek out for opportunities to improve efficiencies
- Solve routine problems largely through precedent and referral to general guidelines. Interaction is within own team and direct supervisor. Detailed instructions on all tasks will be provided at this role with close supervision
- Engage in new deals attend project management calls and drive smooth migration
- Ensure effective adherence to internal policies and other regulatory requirements in the day to day operations
Required qualifications capabilities and skills
- Should be a Graduate and have minimum of10 yearsexperience in Trade Finance Operations handling Payments and Supply chain financing (SCF)
- Should have thorough knowledge of ICC Rules used in Trade Finance viz UCP 600 ISBP ISP URR and URC
- Should have good knowledge on AntiBoycott and OFAC Regulations
- Should have good knowledge in handling payment messages MT103 MT202 MT101
- Should have experience in handling reconciliation of different accounts
- Should have experience in handling entries for trade payments (Nostro Wash SAP etc..
- Additional certifications in Trade finance Certified Documentary Credit Specialist (CDCS) conducted by IFSA London
- Should have a positive attitude towards work and willing to learn and contribute to the business
- Must have the ability to work efficiently across the organization crossfunctional teams and multiple stakeholders
- Technological orientation with proficiency in Microsoft Word Excel and PowerPoint
Required Experience:
IC
Employment Type
Full-Time
