Authorizer- Trade Finance

4 weeks ago

Delhi, India Abacus Consultants Full time

Any Graduate

Trade Finance
- Inward & Outward Remitcances

**Job Name - PA (Business Unit) : Authoriser - TF**

**Job Title **:(Job Name) - Authoriser - TF

**Business Unit (PA) **:Operations

**Team **:(Sub team in the PA)** WBO**

**Reports to (job)**: Unit Head - TF

**Location of role **:Across Ops Locations

**Job Fn **:WBO

**Role Type**:Individual Contributor

**No of direct reportees**:NA

**Travel Required**:NA

**Job Band Range:
**JD Created date:
**JD Updated date**:
**JD approved by (business)
**Version No **:2.0

**Job Purpose**

Management of Trade Finance operations in the branch as per laid down process and guidelines. Reporting deviations as per bank policy and ensure smooth and flawless operations at all the time.
- Processing of Trade Finance transactions
- Voucher/Record management
- System security

**Job Responsibilities(JR) : 6 - 8 Areas
**Actionable (4-6)**

Direct Recourse under Letter of Credit:

- Generations of Business Object report on a daily basis. Follow up of Payment etc.
- Follow up For Payment/Past Due Obligations from Letter of Credit Opening Bank.
- To ensure that tracers (Acceptance/Payment) are properly sent.
- Scrutiny of Bills.
- Authorization of the bills inputted for all events.
- Raising/Tracking for Exception approval.
- To ensure that discrepancy message regarding documents, if any, is properly conveyed to the client.
- Tracking of rate of interest/handling charges etc. approvals for discounting of Bills.
- In case Acceptance received has single signature, Branch Visit Report (BVR) needs to be performed.
- ( instead of BVR : necessary process note to be followed )
- Monitoring SMFS Acceptance
- For physical acceptance, need to arrange/check for signature verification. ( instead of BVR : necessary process note to be followed )
- Telephonic verification of acceptance which are received through courier/post.
- Tracking of Post Due Obligation Bills.
- Maintaining Margin money details.
- Monitoring of General Ledger Consistency report for the entries posted in Flexcube Corporate and Flexcube core system. This would be redundant after having moved into New FCUBS
- Remitting Funds through RTGS/NEFT for Inland payment
- Conduct client meetings as mandated.
- Refund of Interest in case of pre-poned payments post proper check, If client claims.
- To ensure proper safe keeping of documents.
- Maintaining of tracker for signature verification of banks and Bank Visit Report (BVR) expiry, proactively get the fresh Signature Verification and BVR done prior to expiry.
- Periodic physical verification of Direct Recourse Under Letter of Credit Outstanding Documents.
- To ensure that processes are followed properly.
- Ensure complete, immediate response to client queries.
- Fortnightly review of Bills booked in order to check MIS & other details related to the transactions booked.

Export Collection/Discounting/Loans/Liquidation - Authoriser:

- Generation of Outstanding Bills report from related system (OBIEE) on weekly basis - for approval to be taken for outstanding bill as per Board Note.
- Generation of Past Due Obligation Bills report from OBIEE system on daily basis.
- Generation of Outstanding Loans Report from OBIEE system on daily Basis
- Checking of Office of Foreign Assets Control list/Specially Designated Nationals list.
- Scrutiny of Bills received for processing.
- Authorisation of Bill in Flexcube Corporate system.
- Checking of Country Risk as per Grid provided by Credit and Market Risk group.
- Updation of Status Holder Certificate received.
- Raising/Tracking of Approval Mails sent to business.
- Monitoring of General Ledger and Deferred account/s.
- Monitoring of Converter utility and outstanding entries in Nostro accounts.
- Monitoring of disposal as per mail received from Relationship Manager/Corporates/Service desk.
- Preparation of Quality Initiative Group data on daily/monthly basis and provide to Central Processing Unit Trade Finance.
- Meetings to be held with client/Relationship Manager to educate them for reducing First Time Not Right cases.
- Monitoring updation of inward messages in FCC received in inward tracker.
- Half yearly Export Outstanding (XOS) reporting.
- Monitoring of calculation of interest and refund of correct amount of interest at the time of booking and liquidation.
- Updation and circulation of charges approval in Trade Stream and amongst team members.
- Liaising with RBI for cases referred to them.
- FRMS check for all the bills booked
- FIRC utility check for all the bills booked wherein part funds received
- EDPMS check for Shipping Bills
- Fortnightly review of Bills booked in order to check MIS & other details related to the transactions booked.
- Ensuring RBP check for ROI
- Ensuring Subvention check for Interest Equalisation Schemes
- Ensuring charges are taken as per requisite approval
- Tracking of Inward Messages
- Sending cases to RBI for approval.

Letter of Credit - Authoriser:

- Perform signature verification.
- Ensur

  • Trade Finance Manager

    2 weeks ago

    Delhi, India Kotak Mahindra Bank Full time

    Location: Mumbai, Delhi, LucknowDepartment: Trade Finance Desk Operations (Front end)Experience : Min 1 Year in Trade desk operationsDesignation: Deputy Manager / ManagerJob Role: To handle day to day trade transactions, understanding client requirements, Co-ordination with cpc for transaction processing and discrepancy resolution Dealing and co-ordinating...

  • Treasury Trade Finance

    1 month ago

    New Delhi, India GE Vernova Full time

    **Job Description Summary**: The role, Lead Treasury Specialist Trade Finance, is a member of the Treasury team of GE Vernova HQ. Treasury is responsible for GE Vernova’s activities within Financial Reporting and Risk, Trade Finance, Corporate Finance, Business Treasury and Transactional Services. This role reports to the Head of Trade Finance, under the...

  • Trade Finance Officer

    2 weeks ago

    Delhi, India BPO Full time

    Associate should have 2-4 years of work experience in Trade Finance Operations in any bank / back office.Operational knowledge (maker Role) of one or more Trade products:LC Issuance/ AmendmentLC / Collection bills booking, Payments and Acceptance (LC/Collection Bills), Reimbursements Knowledge on Trade Loans / Bill Discounting will be an added...

  • Trade Finance Officer

    2 weeks ago

    Delhi, India BPO Full time

    Associate should have 2-4 years of work experience in Trade Finance Operations in any bank / back office. Operational knowledge (maker Role) of one or more Trade products: LC Issuance/ Amendment LC / Collection bills booking, Payments and Acceptance (LC/Collection Bills), Reimbursements Knowledge on Trade Loans / Bill Discounting will be an added advantage....

  • Trade Finance Officer

    3 weeks ago

    delhi, India BPO Full time

    Associate should have 2-4 years of work experience in Trade Finance Operations in any bank / back office.Operational knowledge (maker Role) of one or more Trade products:LC Issuance/ AmendmentLC / Collection bills booking,Payments and Acceptance (LC/Collection Bills),ReimbursementsKnowledge on Trade Loans / Bill Discounting will be an added...

  • Senior Manager/ Avp Trade Finance

    6 days ago

    Delhi, India Intellectual Capital HR Consulting Pvt. Ltd. Full time

    Location: Mumbai Center, Extensive travel required in the entire SE AsiaResponsibilities:Business development in international markets focusing on trade finance, factoring, and supply chainOversee the daily operations of the Mumbai businessTeam leadershipAchieve and exceed financial targetsBuilding and maintaining relationships with global...

  • Officer - Trade Finance Operations

    2 weeks ago

    New Delhi, India Riverforest Connections Full time

    **Position Purpose** To perform operational duties in TATs prescribed by the bank with due diligence **Customer Service** To ensure that all the daily transactions are monitored for same day error-free completion in co-ordination with relevant stakeholders. Be available for clients to act as their partner and advisor. NIL pending / delayed transactions on...

  • Unit Head

    2 weeks ago

    new delhi, India HDFC Bank Limited Full time

    Responsibilities:Functional responsibility for handling end to end activities for a Trade CentreEscalation / resolution of Customer issue / complaintsLiasoning with RM's, Treasury and customer regarding TF activitiesPromoting Digital initiatives like TONInteraction with RBI Auditors and Statutory AuditorsHandling a team of Trade Finance specialistsDesired...

  • Senior Manager/ AVP Trade Finance

    1 week ago

    Delhi, India Intellectual Capital HR Consulting Pvt. Ltd. Full time

    Location: Mumbai Center, Extensive travel required in the entire SE AsiaResponsibilities:Business development in international markets focusing on trade finance, factoring, and supply chainOversee the daily operations of the Mumbai businessTeam leadershipAchieve and exceed financial targetsBuilding and maintaining relationships with global...

  • Trade Finance Operations

    2 weeks ago

    Delhi, Delhi, India Crédit Agricole CIB Full time

    **Description du poste**: **Summary of the position**: Validator: Experienced Trade finance professional responsible for timely and accurate review and validation of Documentary and Guarantee transactions of Trade Finance in BO Platform. Documentary Trade includes both Import and Export transactions under Open account, Collection and Letter of Credit...

  • Unit Head

    2 weeks ago

    New Delhi, India HDFC Bank Limited Full time

    Responsibilities:Functional responsibility for handling end to end activities for a Trade CentreEscalation / resolution of Customer issue / complaintsLiasoning with RM's, Treasury and customer regarding TF activitiesPromoting Digital initiatives like TONInteraction with RBI Auditors and Statutory AuditorsHandling a team of Trade Finance specialistsDesired...

  • Unit Head

    2 weeks ago

    new delhi, India HDFC Bank Limited Full time

    Responsibilities: Functional responsibility for handling end to end activities for a Trade Centre Escalation / resolution of Customer issue / complaints Liasoning with RM's, Treasury and customer regarding TF activities Promoting Digital initiatives like TON Interaction with RBI Auditors and Statutory Auditors Handling a team of Trade Finance specialists ...

  • Unit Head

    2 weeks ago

    New Delhi, India HDFC Bank Limited Full time

    Responsibilities:Functional responsibility for handling end to end activities for a Trade CentreEscalation / resolution of Customer issue / complaintsLiasoning with RM's, Treasury and customer regarding TF activitiesPromoting Digital initiatives like TONInteraction with RBI Auditors and Statutory AuditorsHandling a team of Trade Finance specialistsDesired...

  • Lead-Wholesale Banking Trade Operations

    2 weeks ago

    new delhi, India IDFC FIRST Bank Full time

    Role/ Job Title:  Lead-Trade Finance Operations Functions : Wholeasale Banking Operations Job Purpose: As the Lead-Trade Finance Operations in the Wholesale Banking Trade Ops department located in Delhi, your role is pivotal in ensuring the smooth and efficient functioning of the Trade Finance Operations unit. Your responsibilities span across...

  • Lead-Wholesale Banking Trade Operations

    2 weeks ago

    New Delhi, India IDFC FIRST Bank Full time

    Role/ Job Title:  Lead-Trade Finance Operations Functions : Wholeasale Banking Operations Job Purpose: As the Lead-Trade Finance Operations in the Wholesale Banking Trade Ops department located in Delhi, your role is pivotal in ensuring the smooth and efficient functioning of the Trade Finance Operations unit. Your responsibilities span across...

  • ▷ [Apply in 3 Minutes] Unit Head - Trade Finance

    2 weeks ago

    New Delhi, India HDFC Bank Limited Full time

    Responsibilities:- Functional responsibility for handling end to end activities for a Trade Centre- Escalation / resolution of Customer issue / complaints- Liasoning with RM's, Treasury and customer regarding TF activities- Promoting Digital initiatives like TON- Interaction with RBI Auditors and Statutory Auditors- Handling a team of Trade Finance...

  • Banker-authorizer

    2 months ago

    Delhi, India IDFC FIRST Bank Full time

    Job Description Form Role/Job Title - Bank Authorizer Business - Retail Banking Job Purpose The role entails working towards achievement of CASA build up, in line with branch targets through efficient and cost-effective customer engagement. The role bearer would lead customer service and operations at the designated branch and ensure regulatory...

  • ▷ (26/05/2024) Lead Frontend Engineer

    7 days ago

    Delhi, India Rage Trade Full time

    Company Description:Rage Trade is a pioneering multi-chain perpetual aggregator, simplifying trading experiences across various compatible chains. Backed by esteemed investors and partners like OKX, ZeePrimeCap, and robotventures, we're dedicated to revolutionising decentralised finance (DeFi) trading processes.Role Description:We're currently seeking a Lead...

  • Lead Frontend Engineer

    1 week ago

    delhi, India Rage Trade Full time

    Company Description:Rage Trade is a pioneering multi-chain perpetual aggregator, simplifying trading experiences across various compatible chains. Backed by esteemed investors and partners like OKX, ZeePrimeCap, and robotventures, we're dedicated to revolutionising decentralised finance (DeFi) trading processes.Role Description:We're currently seeking a Lead...

  • Deloitte - Trade Finance Role - Finastra Product - Financial Services

    2 weeks ago

    New Delhi, India Deloitte Consulting India Private Limited Full time

    Job Description: Deloitte is looking to hire people having experience in Finastra Product suite for Trade finance or Cash and Liquidity Management for one of their key clients. This will be a client facing role and the selected candidate would be directly working with the client to simplify their business operationsRoles and Responsibilities:- Work closely...