Senior Associate - Trade Finance Operations

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

Job summary

IDFC FIRST Bank in Mumbai invites applications for the role of Senior Associate – Trade Finance Operations. The incumbent will handle transaction processing, document scrutiny, and authorization in line with SOPs and RBI guidelines. A background in LC/BG issuances and remittances is valued.

The role requires Graduate-level education, up to 3 years of experience, and the ability to work within procedural controls and timelines. Joining details will be provided during recruitment.

Qualifications

• Attention to detail and accuracy in document scrutiny and processing.
• Ability to manage multiple tasks with timely completion.
• Understanding of banking operations and RBI guidelines may be advantageous.

Responsibilities

• Process transactions with document scrutiny, authorization, and adherence to SOPs and RBI guidelines.
• Experience in LC/BG issuances, Document Checking, Inland Bill Discounting, Exports, and Remittances.
• Operate within the delegation of authority and SOPs to ensure compliant processing.
• Meet defined TATs with error-free processing and timely error reporting.
• Address client queries and perform reconciliations as applicable.

Skills

Attention to detail

Time management

Education

Graduate

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.