Global Trade Finance Operations

5 days ago

Mumbai, Maharashtra, India BNP Paribas Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Position Purpose

The Senior Associate/Asst. Manager will independently control/process the workflow related to Letter of Credit, Bank Guarantees and Collection transactions referring SOP and ensuring accuracy. This role requires a deeper understanding of trade finance products life cycle, flow of accounting entries in system and the ability to coordinate with various team for complex transaction.

Responsibilities

Direct Responsibilities

Independently review and analyze various stages of Letter of Credit, Bank Guarantees, Collection, Discounting & Import Remittance transactions and instruct relevant team for processing.

Ensure monitoring of workflow tool for Clients transactions Request & Incoming SWIFT messages.

Ensure timely processing of LC & Collection Settlements, LC Cancellation and Tracer for overdue bills.

Timely processing of Clients LC & BG Opening/Amendment Request, handle Collection document.

Bank Guarantee Commission management which includes Commission settlement, Commission Claim, Tracer for overdue commission & Monitoring/Reconciliation of accounting entries & related accounts.

Monitor Nostro Reports to act on incoming funds, investigate unclear items and escalate ageing items.

Monitor Internal Account to identify accounting errors and pass correction entries.

Ensure that transaction processed as per Site-specific Standard Operating Procedures (SOPs) within agreed Turn-around-time (TAT) and highlight if any procedural modifications/improvement is required.

Ensure all actions are complied with relevant SOP, regulations, and internal policies and sanctions.

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 teams to ensure timely and accurate regularization of accounting errors.

Ability to handle high volumes without compromising on accuracy in processing.

Serve as a point of contact for stakeholders regarding Workflow & Accounting Entries matters.

Prepare regular reports on transaction handled, highlighting key metrics and trends.

Stay updated on changes in trade finance regulations and best practices.

Knowledge on UCP/URR/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 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 various stages of LC and BG transactions /Reconciliation/Accounting/Import Remittance/

Strong analytical skills and attention to detail.

Good understanding of regulatory requirements and trade finance systems.

Effective communication and interpersonal skills.

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