Associate - Trade Finance Operations

Idfc First Bank Limited; Navi Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Idfc First Bank Limited in Navi Mumbai seeks an Associate – Trade Finance Operations with knowledge of ODI, FDI, ECB and related regulatory reporting. The role requires prior operations experience in capital account processing and strong adherence to SOPs.

Responsibilities include processing ECB/ODI/FDI transactions, coordinating with branches, maintaining MIS, and ensuring regulatory compliance while achieving timely and accurate processing.

Qualifications

• Knowledge of Capital Account products and regulatory reporting.
• Experience from an operations perspective in trade finance.
• Familiarity with RBI forms and reporting requirements.

Responsibilities

• Process Capital Account transactions (ECB, ODI, FDI, LO/BO/PO).
• Guide branches and customers on filing ECB forms and RBI steps.
• Prepare MIS and regulatory reports, monitor overdue items.
• Ensure SOP compliance and maintain internal controls.
• Identify risks and support audit readiness.

Skills

ODI

FDI

ECB

LO/BO/PO

Regulatory reporting

Education

Graduate/Post Graduate

Job description

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 regulatory 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.
• Ensure 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.