Assistant Manager - Corporate-Ops-LC_LG Issuance

Mashreq; Bengaluru; On-site; INR 1,500,000 - 2,100,000; Full time

Job summary

Mashreq is seeking an experienced Trade Operations professional to manage LC, amendments, cancellations, and related activities within Bank policies and ICC guidelines. You will authorize transactions, prepare SWIFT messages, and perform sanction checks across diverse business segments.

The role requires 9–12 years in Trade Operations, CDCS/CITF/CTFP certification, and deep knowledge of LC, guarantees, and related accounting entries.

Qualifications

• Bachelor's degree required.
• 9–12 years of experience in Trade Operations.
• CDCS/CITF/CTFP certification required.
• Expert knowledge of understanding of Letter of Guarantee and Letter of Credit.
• Expert knowledge of accounting entries and UATs.
• Understanding of amortization principles.

Responsibilities

• Process LC, amendments, cancellations, closures, and claims as per policies and ICC guidelines.
• Authorize/input transactions and prepare SWIFT messages.
• Perform sanction checks on relevant parties in documents.
• Ensure no revenue leakage and no Nostro or internal reconciliation issues.
• Contribute to automation initiatives and quick issue resolution with the onshore unit.
• Complete ad-hoc tasks assigned by Team Head.

Skills

Trade Operations

Letter of Credit

SWIFT messaging

Sanctions checks

Accounting entries

UATs

Amortization principles

Education

Bachelor's Degree

CDCS/CITF/CTFP certification

Job description

Job Purposes

The incumbent will be responsible for LC, Guarantees, Amendments, Cancellations, Closures, Claims and Other Miscellaneous activities as per Bank’s internal policies, SOP’s as well as ICC guidelines and authorising the transactions in the processing system. The coverage will be all the areas of Trade Finance for various business segments

Key Result Areas

• All processing should be as per SOP/OPM’s and UCP/ISBP/ISP as applicable and charges recovery to be as per the extant guidelines.
• Perform sanction checking of relevant parties in documents
• Handle Commodity Trade Operations documents
• Responsible for authorizing/inputting transactions into the system and prepare/authorize relevant SWIFT messages
• Ad-hoc tasks given by the Team Head
• Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
• No revenue leakage due to miss out in charges collection
• No outstanding reconciliation entries pending in Nostro or Internal accounts.

Problem Solving

• Managing customers’ expectations, Ideation and working on automation projects
• Participating in Team Huddles and showing enough Teamwork to provide solutions to any issues
• Ensure solutions are implemented on fast track basis and work closely with onshore unit to ensure seamless client delivery.
• Audit observations if any, must be closed in an effective and timely manner.
• Ensures efficient processing of transactions, adherence to service standard and quality services to both internal and external customers.
• Acts as an authorizer/maker for Import LG issuance/Amendments/cancellation and/or similar stages for Standby Letter of Credits/Claims.
• Ensures that the practice and procedures stated in relative manual have been strictly followed during the course of transaction processing.
• Recommends actions in relation to changes in law, Rules of International Chamber of Commerce, Government regulations and bank policies which will affect the import scenario.

Knowledge, Skills and Experience

• Bachelor's Degree
• At least 9-12 years of relevant working experiences in Trade Operations
• CDCS/CITF/CTFP certified
• Expert level knowledge in Understanding of Letter of Guarantee and Letter of Credit
• Expert level knowledge of accounting entries and UATs.
• Understanding of amortization principles