Trade Finance Operations Specialist

9 hours ago


Bengaluru, Karnataka, India MUFG Full time
Role Overview

We are seeking a highly skilled Trade Finance Operations Specialist to join our team at MUFG in Bangalore. As a key member of our operations team, you will be responsible for processing trade finance transactions with precision and efficiency.

About Us

MUFG is Japan's premier bank with a global network spanning over 40 markets. We offer a wide range of commercial and investment banking products and services to businesses, governments, and individuals worldwide. Our parent company, Mitsubishi UFJ Financial Group, Inc. (MUFG), is one of the world's leading financial groups with a history dating back over 360 years.

As a Global Capability Centre/Centre of Excellence, MUFG Global Service Private Limited (MGS) provides support services across various functions, including IT, KYC/AML, Credit, Operations, etc. to MUFG Bank offices globally. We aim to significantly ramp-up our growth over the next 18-24 months while servicing MUFG's global network across Americas, EMEA, and Asia Pacific.

Job Description

The Trade Finance Operations Specialist will be responsible for:

  • Processing all life cycle events of letters of credit (import and export - issue, advise amend, acceptance, discount, payment, checking documents)
  • Processing all life cycle events of collections (import/export, clean/documentary, remit, present, acceptance, payment)
  • Processing all life cycle events of various financing products such as; trade based loans, promissory notes discounts, invoice discounting, letter of credit discounting, supply chain finance
  • Adhering to governing rules, UCP, URC, ISP98, HOP, procedures, and all relevant controls
  • Developing and improving effective working relationships with all trade stakeholders
  • SUPPORTING training requirements of team members
  • Ensuring processing is effected in a team spirit and avoid silo-based attitudes where people should think beyond their immediate work space and consider the wider team's pressure points thereby delivering maximum efficiency
Requirements

To be successful in this role, you will need:

  • Minimum 3-6 years' experience working in a trade finance operations environment including checking shipping documents against UCP600, the LC itself, and ISBP
  • Thorough understanding of all trade finance products, import and export LCs, collections, and financing
  • Knowledge of UCP600 and other relevant ICC publications
  • Knowledge of money laundering controls relevant to trade finance
  • Awareness of sanction policies
  • Microsoft Office products
  • Understanding of formatting Swift messages
  • Excellent work flow and time keeping management
  • Team building skills
Education Qualifications

You will have a Graduate/Post Graduate degree and preferred CDCS certification.Salary

The estimated salary for this role is ₹800,000 - ₹1,200,000 per annum, depending on your qualifications and experience.

Location

This role is based in Bangalore, India.



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