Trade Finance Operations Professional

2 days ago

Mumbai, Maharashtra, India BNP Paribas Full time ₹ 6,00,000 - ₹ 18,00,000 per year

Position Purpose

The Associate Level 1/Senior Associate will independently vet and book bank guarantees, ensuring compliance and accuracy. This role requires a deeper understanding of trade finance products and the ability to handle complex cases.

Responsibilities

Direct Responsibilities

  • Independently review and analyze bank guarantees & SBLC related documentation.
  • Accurate booking and authorizing of bank guarantees/SBLC including commission and compliance check
  • Ensure all processes comply with relevant laws, regulations, and internal policies and sanctions.
  • Guarantee/SBLC Commission management which includes Commission Booking, Sending Tracer, Monitoring of Receivables/Accrual/PnL and Reconciliation of accounting entries & related accounts.
  • To ensure that transactions processed with in specified Turn-Around-Time.
  • Ensure that transaction processed as per Site-specific Standard Operating Procedures (SOPs) and highlight any procedural modifications in SOPs wherever required.
  • Ensure KPI is maintained below the site specific KPIs for Errors and incident.
  • Ensure adherence to internal guidelines and compliance aspects with Zero tolerance policy.
  • Coordinate with internal departments to ensure the timely and accurate processing of bank guarantees.
  • Ability to handle high volumes without compromising on accuracy in processing.
  • Serve as a point of contact for clients and stakeholders regarding bank guarantee matters.
  • Prepare regular reports on bank guarantee & SBLC activities, highlighting key metrics and trends.
  • Stay updated on changes in trade finance regulations and best practices.
  • Knowledge on URDG and ISP guidelines.

Contributing Responsibilities

  • Provide guidance and support to junior associates.
  • Collaborate with team members to resolve issues and standardize processes.
  • Stay updated on changes in trade finance regulations and best practices.
  • Conduct periodic reviews of bank guarantees/SBLC and related processes to identify gaps and rectify discrepancies.
  • Supporting in clearing the Internal Audit queries

Technical & Behavioral Competencies

  • Bachelors degree in Finance, Business Administration, or a related field. A masters degree or professional certifications in trade finance are a plus. Professional certifications in trade finance (e.g., CDCS, CSDG) would be an added advantage.
  • 3-7 years of experience in trade finance, with a focus on bank guarantees/SBLC.
  • Strong analytical skills and attention to detail.
  • Good understanding of regulatory requirements and trade finance systems.
  • Effective communication and interpersonal skills.

Specific Qualifications (if required)

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Creativity & Innovation / Problem solving

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to develop others & improve their skills

Ability to develop and adapt a process

Ability to anticipate business / strategic evolution

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 3 years

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