Jobs on Fire
VP – Trade Finance
Location: Mumbai
Salary: Negotiable; depending upon current CTC and relevant experience.
Job Purpose
Head Trade Operations for the Bank’s India customers.
Job Duties & responsibilities
Should be able to effectively handle high value outward remittances, Issuance/amendment of LCs, Import/Export LC Documents Checking in line with UCP 600 guidelines & HandlingCollections in line with URC guidelines.
Transaction Processing (Import LC issuance, Export LC advising & confirmation, Issuance of Bank guarantees, Export & Import LC Document Checking, LC & Collection Payments) while ensuring Compliance with Bank’s Policies & Procedures on KYC & AML, OFAC/UN Sanctions,
Effective stakeholder and team management.
Cross Functional Training of Team Members to maximize Productivity & Create effective Backups.
Analysis of the Technical & Functional gaps, identify key enhancements required.
Review, Validation & Testing of various UAT Test Scripts for the Functional Gaps & Business
Confidence.
Enhance client experience through various initiatives.
Effectively mitigate the Money Laundering/Terrorist Financing/Sanctions risks associated to all escalated trade finance transactions and provide approval/escalate as necessary.
Assist in reviewing/developing Department Operating Instructions and ensure adherence of Policy and Procedures.
Maintain at all times an excellent knowledge of the Banks Domestic and International Compliance Policies & Procedures and Regulations related to Trade Finance Business and Record, Monitor and Report Compliance related Issues.
Constantly monitor the productivity of the team, create effective back up & ensure transparent conduct of the employee assessment process.
Required Experience
Candidate should have 10+ years’ experience with significant experience in Trade Operations.
Should have ability to scale up team
Excellent Client and Stakeholder Management.
Head Trade Operations for the Bank’s India customers.
Job Duties & responsibilities
Should be able to effectively handle high value outward remittances, Issuance/amendment of LCs, Import/Export LC Documents Checking in line with UCP 600 guidelines & HandlingCollections in line with URC guidelines.
Transaction Processing (Import LC issuance, Export LC advising & confirmation, Issuance of Bank guarantees, Export & Import LC Document Checking, LC & Collection Payments) while ensuring Compliance with Bank’s Policies & Procedures on KYC & AML, OFAC/UN Sanctions,
Effective stakeholder and team management.
Cross Functional Training of Team Members to maximize Productivity & Create effective Backups.
Analysis of the Technical & Functional gaps, identify key enhancements required.
Review, Validation & Testing of various UAT Test Scripts for the Functional Gaps & Business
Confidence.
Enhance client experience through various initiatives.
Effectively mitigate the Money Laundering/Terrorist Financing/Sanctions risks associated to all escalated trade finance transactions and provide approval/escalate as necessary.
Assist in reviewing/developing Department Operating Instructions and ensure adherence of Policy and Procedures.
Maintain at all times an excellent knowledge of the Banks Domestic and International Compliance Policies & Procedures and Regulations related to Trade Finance Business and Record, Monitor and Report Compliance related Issues.
Constantly monitor the productivity of the team, create effective back up & ensure transparent conduct of the employee assessment process.
Required Experience
Candidate should have 10+ years’ experience with significant experience in Trade Operations.
Should have ability to scale up team
Excellent Client and Stakeholder Management.
Job Application