High Salary Assistant Manager- Trade Mid- Office

Job description Some careers open more doors than others If you re looking to unlock new job opportunities take a look at the possibilities right on your doorstep here at HSBC Business Descriptor We are currently seeking an experienced professional to join the Commercial Banking - GTRF Services Guarantees team Principal Responsibilities - To ensure that the vetting of the Bank Guarantee format is taken as per the Bank Guidelines taking into consideration that the Bank s interest is safeguarded and also ensure compliance with the Legal Regulatory Requirement To ensure that the Guarantee texts are vetted for all Local Counter Guaranteed Guarantee and Overseas Guarantees with the agreed SLAs Furthermore customer s queries on the vetted format to be responded within TAT and obtain clarification from higher authorities Legal Risk or Business as maybe applicable to meet customer expectation To be one point of contact for the customer and R M Operations Service Manager for any issues delay complaints regarding the issuance extension amendment cancellation claims queries for guarantees transactions Undertaking Issuance extension amendment of guarantees as per the customer s request on a timely basis which includes scrutinizing the factual details from HUB system the request letter and any approvals received from the Business Legal Compliance Risk Follow-up and timely action for commissions receivables payables both local and overseas is undertaken rigorously Liaising with internal and external stakeholders as per the job requirement Claims when received are actioned immediately by either informing the R M or the customer based on the type of Claims are received Responsibility of paying the claimed amount to the beneficiary on time is also undertaken by the Manager Scrutinize the nostro accounts on a daily basis on receiving inputs from FCD to check thoroughly all the entries originated for guarantees transactions and resolve the differences on a timely basis by liaising with appropriate parties viz RMs clients etc Balance all related Suspense accounts and ensure that proper actions are undertaken to recover commission for items 90 days Review the SOX reports and other System generated reports on a daily basis to ensure that no Balance Sheet differences has occurred on account of the guarantees transacted on the previous day Commission recovery is managed in a timely manner to ensure that there are no revenue leakages and following up with Risk stewards in case of pending documentation Managing the trade relationships of select clients and generating revenues in line with targets Scrutinizing all the Guarantee documents submitted for processing which include fresh issuance extension extend or pay commission recovery and cancellation Liaising with clients for any clarifications on documentation Ensure all MIS Reporting for Internal External teams is done within deadlines The job holder also interfaces with Clerical staff in terms of getting transactions captured on the system The incumbent is also tasked with observance of AML and Sanctions related as well as other Internal guidelines besides being a familiar with the Indian Regulatory framework given that Guarantees are being issued to Beneficiaries outside India The job holder is also responsible for liaising with Concurrent Auditors providing them with all relevant information and resolving their queries Balance all related Suspense accounts and GST reporting in a timely manner Respond to client queries promptly and ensure agreed TATs are met Requirements Bachelor of Commerce with 2-3 years of experience in Credit Administration Banking Operations preferably in Guarantee Trade Operations Additional Information Mandatory to successfully complete Anti-Money Laundering and Sanctions training and post-course assessment as required Useful Link Link to Careers Site Click You ll achieve more at HSBC HSBC is committed to building a culture where all employees are valued respected and opinions count We take pride in providing a workplace that fosters continuous professional development flexible working and opportunities to grow within an inclusive and diverse environment Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement which is available on our website Issued by The Hongkong and Shanghai Banking Corporation Limited India