Lead - Trade Finance Operations

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

Job summary

IDFC FIRST Bank in Mumbai seeks a Lead – Trade Finance Operations to manage wholesale banking operations for capital account transactions including ECB, ODI, and FDI, with emphasis on regulatory reporting and compliance.

The role requires 5–10 years of relevant experience and a Graduate/Post Graduate degree. You will ensure SOP adherence, timely processing, and effective MIS for stakeholders.

Qualifications

• Educational qualification: Graduate or Post Graduate.
• 5 to 10 years of experience in operations.

Responsibilities

• Process Capital Account Transactions like ECB, ODI, FDI, LO/BO/PO.
• Guide branches on ECB filings, RBI forms, and approvals.
• Ensure adherence to FDI guidelines and RBI FIRMS controls.
• Maintain MIS and report to stakeholders; follow up on overdue items.
• Ensure regulatory compliance and timely processing per SOPs.

Skills

Capital Accounts

ODI

FDI

ECB

Regulatory reporting

SOP adherence

Education

Graduate / Post Graduate

Job description

Job Requirements

Lead – Trade Finance Operations

Wholesale Banking Operations

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.
• 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: 5 to 10 yrs.