Senior Guarantee Specialist
1 month ago
HSBC is a leading international banking group with a long history of innovation and customer satisfaction.
Job SummaryWe are seeking an experienced Senior Guarantee Specialist to join our team. As a key member of our operations department, you will be responsible for ensuring that all guarantee transactions are processed efficiently and effectively.
Key Responsibilities- To ensure that the vetting of Bank Guarantee formats is carried out in accordance with Bank guidelines and Legal/Regulatory requirements.
- To scrutinize guarantee texts for Local, Counter Guaranteed Guarantee, and Overseas Guarantees, adhering to agreed Service Level Agreements (SLAs).
- To provide timely responses to customer queries and obtain clarification from higher authorities as needed.
- To undertake the issuance, extension, amendment, cancellation, and claims processing for guarantees transactions.
- To follow up on commissions receivables/payables and take timely action to resolve any discrepancies.
- To scrutinize nostro accounts daily and resolve differences promptly by liaising with relevant parties.
- To balance related suspense accounts and recover commissions for items > 90 days.
- To review SOX reports and HIE-generated reports to ensure no Balance Sheet differences have occurred due to guarantees transacted.
- Preferably Bachelor of Commerce with 1-2 years of experience in Credit Administration, Banking Operations, preferably in Guarantee/Trade Operations.
We offer a competitive salary range of ₹800,000 - ₹1,200,000 per annum, depending on experience.
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Finance Operations Specialist
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