Associate - Trade Finance Operations

IDFC FIRST Bank; Delhi; On-site; INR 800,000 - 1,200,000; Full time

Job summary

IDFC FIRST Bank in Delhi is seeking an Associate - Trade Finance Operations to manage capital account transactions and regulatory reporting. The role focuses on ODI, FDI, ECB, LO/BO/PO with strong operations experience to ensure compliant processing and accurate MIS.

The candidate should have knowledge of regulatory guidelines, ability to liaise with branches, and a proactive approach to timely client servicing in a fast-paced environment.

Qualifications

• Knowledge of Capital Account transactions and regulatory reporting such as ODI, FDI, ECB, LO/BO/PO.
• Experience from an operations perspective is required.

Responsibilities

• Processing of Capital Account Transactions like ECB, ODI, FDI, LO / BO / PO.
• ECB - processing under automatic and approval routes; guiding branches and customers on forms; obtaining RBI LRN; filing ECB-2 with RBI; maintaining records of ECBs and ECB-2 filings; approving ECB remittances.
• Adherence to guidelines for FDI transactions; handling approvals in FIRMS RBI applications; liaising with branches for discrepancy resolution.
• Ensuring ODI transaction adherence.
• Maintaining audit-ready records and timely MIS",

Education

Graduate or Post Graduate

Job description

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.