Trade Finance Operations

14 hours ago

Mumbai, Maharashtra, India BNP Paribas Full time ₹ 4,00,000 - ₹ 12,00,000 per year

Position Purpose

The Associate Level 1/Senior Associate will support the vetting and booking of bank guarantees and SBLC under the guidance of senior team members. This role requires basic knowledge of trade finance products and attention to detail.

Responsibilities

Direct Responsibilities

  • Assist in the review and analysis of bank guarantees and related documentation.
  • Accurate booking and authorizing of bank guarantees including Guarantee commission and compliance check
  • Ensure all processes comply with relevant laws, regulations, and internal policies and sanctions.
  • Guarantee 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.

Contributing Responsibilities

  • 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 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.
  • 1-5 years of experience in trade finance or related fields.
  • Basic analytical skills and attention to detail.
  • Good communication and teamwork skills.

Specific Qualifications (if required)

Skills Referential

Behavioural Skills:

  • Communication skills - oral & written
  • Ability to collaborate / Teamwork
  • Ability to deliver / Results driven
  • Creativity & Innovation / Problem solving

Transversal Skills:

  • Ability to understand, explain and support change
  • Analytical Ability
  • Ability to develop and adapt a process
  • Ability to anticipate business / strategic evolution
  • Ability to set up relevant performance indicators

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 1 year

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