Senior Guarantee Specialist

1 month ago


Mumbai, Maharashtra, India HSBC Full time
About HSBC

HSBC is a leading international banking group with a long history of innovation and customer satisfaction.

Job Summary

We 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.
Requirements
  • Preferably Bachelor of Commerce with 1-2 years of experience in Credit Administration, Banking Operations, preferably in Guarantee/Trade Operations.
What We Offer

We offer a competitive salary range of ₹800,000 - ₹1,200,000 per annum, depending on experience.



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