Global Trade Business Analyst
5 days ago
Mizuho Global Services India Pvt. Ltd., a subsidiary of Mizuho Bank, Ltd, is a leading global player in the banking industry. Our company was established in 2020 with the goal of creating a captive global processing center for remotely handling banking and IT operations of Mizuho Bank's domestic and overseas offices and group companies across the globe.
About the CompanyWe are committed to a culture driven by ethical values and support diversity in all its forms for our talent pool. Our company's development is paved by three key pillars: Mutual Respect, Discipline, and Transparency, which are set as the baseline for every process and operation carried out at our company.
Job SummaryWe are seeking an experienced Business Analyst with expertise in Trade Finance to join our team. The successful candidate will be responsible for analyzing and documenting technical requirements and business/technical process workflows for various trade products. Additionally, they will assess banking & financial risks associated with trade products and its processing, and participate in business process re-engineering all the trade & payments processes.
Key Responsibilities:- Analyze and document technical requirements and business/technical process workflows for various trade products
- Assess banking & financial risks associated with trade products and its processing
- Participate in business process re-engineering all the trade & payments processes
- Facilitate requirements gathering and design sessions with business and technology stakeholders
- Liaise with business users to create test plans, manage testing, and track defects, enhancements, and questions
- Participate in testing and work with Technical team to resolve bugs and re-testing for failed tests and training sessions to user's
- Participate in other system rollout Phases Training, production Go-live verification, etc.
- Coordinate with stakeholders to track milestones, deliverables, and dependencies
- Participate in general BA work including production support and BAU enhancements of in-house business applications
- Any other duties as may be assigned by senior management
- Good written & verbal communication skills
- Good understanding of Imports & Export LC, LC confirmations, Discounting, Guarantees, Performance Bonds, Bill discounting, invoice financing, collections, L/G, forfeiting etc.
- Knowledge of Trade Finance Governing rules such as UCP 600, ISP 98, URC 522, URDG 758 issued by ICC (International Chamber of Commerce), Bill of Lading, Bill of Exchange, and other Commercial and Financial document.
- Understanding of SWIFT Message types MT700 for LC issuance, MT760 for Guarantees, MT103 and MT202 COV payment message
- Good understanding regulations, reviewing the underlying contracts, checking documentation, negotiating key terms with banks or internal stakeholders
- Detailed knowledge of UCP, URR, URC, ISBP, URDG, other technical and regulatory requirements & incoterms
- Meticulous and able to work independently and meet tight deadlines
- Good facilitation and negotiation skills with prior experience in Trade documentation Knowledge about interfacing with Swift messages and Knowledge of Core Banking
- Knowledge on Various Products used in Domestic or International Banking Industries
- Good knowledge of Trade Finance is mandatory (Foreign & Local) & regulatory requirements
- CDCS certified (preferred)
- Graduate degree in Banking or Finance from a recognized University or a professional qualification in Banking or International Trade Finance
- At least 9-12 years' experience as business analyst with Trade Finance product lifecycle & governing rules ,Swift message MT series, CGI system - added advantage . Mandatorily from a Structured Trade Finance background within a Bank
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