Senior Associate - Trade Finance Operations

IDFC FIRST Bank; Navi Mumbai; Vor Ort; INR 600.000 - 1.000.000; Vollzeit

Zusammenfassung

IDFC FIRST Bank in Navi Mumbai invites applications for Associate - Trade Finance Operations. The role requires knowledge of Capital Account Transactions (ECB, ODI, FDI) and regulatory reporting, with 2-5 years in operations.

You will process trade finance transactions, liaise with branches, ensure adherence to SOPs and RBI guidelines, and maintain MIS for stakeholders. Graduate or Postgraduate candidates with relevant regulatory exposure are encouraged to apply, joining a team focused on

Qualifikationen

• Graduate or Post Graduate.
• 2-5 years of experience in trade finance/operations.

Aufgaben

• Processing Capital Account Transactions such as ECB, ODI, FDI, LO/BO/PO.
• Guidance to branches and customers on Form ECB filing and RBI filings; obtain LRN; ECB-2 filing; maintain records of ECBs.

Ausbildung

Graduate / Post Graduate

Jobbeschreibung

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.