Senior Associate - Trade Finance Operations

IDFC FIRST Bank; India; On-site; INR 600,000 - 800,000; Full time

Job summary

IDFC FIRST Bank in India is seeking a Senior Associate – Trade Finance Operations to handle transaction processing with document scrutiny and authorization in line with SOPs and RBI guidelines. The role spans LC/BG issuances, remittance processing, and related desk activities across wholesale banking operations.

The candidate will work within delegated authority, ensure timely processing, and resolve client queries while maintaining reconciliation accuracy and adherence to SOPs.

Qualifications

• Graduate with up to 3 years' experience in trade finance operations.
• Knowledge of LC, BG, SBLC and remittance products.
• Experience with transaction processing and RBI guidelines.

Responsibilities

• Responsible for transaction processing involving document scrutiny, making / checking and authorization of transactions in line with SOPs and RBI guidelines.
• Experience in either LC / BG issuances, Document Checking, Inland Bill Discounting, Exports, Import Remittances, A2 Remittances, Inward Remittances.
• Operate within the delegation of authority.
• Ensure processing in line with Internal SOPs.
• Ensure processing within TATs and report errors timely.
• Ensure processing for various client segments and resolve queries timely.
• Handle internal reconciliations – office and nostro reconciliations as applicable.

Skills

Document scrutiny

Trade finance products knowledge

Transaction processing

LCs and Collections

SBLCs / SBLC backed BCs

Remittance processing

Education

Graduate

Job description

Job Description

Job Requirements

Role/ Job Title: Senior Associate – Trade Finance Operations.

Function/ Department: Wholesale Banking Operations

Job Purpose: The incumbent is responsible for the following activities in the role of should have knowledge of one or more products like - LCs and Collections, BGs and SBLCs / SBLC backed BCs, Doc Checking , Bill Discounting, Committed Payments, Import (A1) Remittances, A2 Remittances , A2 Exchange House Remittances , Inward Remittances, Exports , IEDPMS Desk, BoE Updating.

Roles & Responsibilities

• Responsible for transaction processing involving document scrutiny, making / checking and authorization of transactions in line with Standard Operating Procedures, RBI guidelines.
• Experience in either of the desks – LC / BG issuances, Document Checking, Inland Bill Discounting, Exports, Import Remittances, A2 Remittances, Inward Remittances.
• Operating within the delegation of authority
• Ensuring processing in line with Internal Standard Operating Procedures (SOPs)
• Ensure processing within TATs as prescribed and ensure error free processing. Timely reporting of errors if any
• Ensure adequate and efficient processing pertaining to various client segments, resolving queries if any on timely basis.
• Handling of internal reconciliations – office accounts and nostro reconciliations as and when applicable

Educational Qualification: Graduate/Stream/ Specialization

Experience: Upto 3 Years Exp.