Trade Finance Advisory

Role: Trade Finance Advisory (TFA) Professional, South Asia

Reporting to: Head – Trade Finance Advisory (TFA), South Asia

Location: Worli, Mumbai

Coverage

Product line: Guarantees, Letters of Credit, Project Exports under PEM, FEMA compliance, RBI

liasioning

Geography: Siemens business in India, Bangladesh, Sri Lanka, Nepal & Bhutan

Legal entities: Siemens Ltd, India & Siemens group companies in India & Bangladesh – engaged in the following businesses: Digital industries, Smart Infrastructure, Mobility, Software, Global business services etc

Mission:

The incumbent will be responsible for the following:

• Review and advise, incl. drafting & mark-ups on standby letters of credit (SLCs), bank guarantees, surety bonds and other guaranties and corporate guarantees (collectively Guarantees)
• Ensure timely and accurate issuance and amendment of Guarantees
• Review of guarantee forecast for Siemens Entities
• Manage information within the guarantee database for reporting and controlling, including engagement with management, accounting, and other Siemens stakeholders
• Assist with guarantee charges from banks and surety companies as well as internal billings
• Advise concerning corporate finance circulars and external rules/regulations (e.g. UCP 600, …) and on standard practice as well as apply this knowledge to drafting and negotiating guarantee terms and relevant contract sections
• Building & maintaining trust-based co-operation and highest level of transparency in dealings with all internal stakeholders – Businesses, other functions, shared service center, group companies and head quarters
• Ensuring utmost professionalism and fairness in dealings with all external stakeholders including RBI and banks

Key Areas of Responsibility:

As the member for the Trade Finance Advisory function for South Asia Region,

• Providing risk advisory to businesses with reference to guarantees and stand-by/commercial letters of credit - including risk mitigation strategies to reduce the financial risk for Siemens
• Managing outward Guarantees & LCs issuance and inward LCs advising & negotiation and ensuring oversight with reference to inward Guarantees
• Ensuring approvals, monitoring & reporting for Project Exports under the RBI Project Export Memorandum (PEM) guidelines
• Providing regular trade finance trainings to businesses to increase risk awareness and drive risk mitigation
• Overseeing adherence to export and merchanting trade related FEMA guidelines prescribed by RBI
• Liasioning with RBI and obtaining exception approvals from RBI
• Transforming the existing trade finance landscape by designing and implementing e2e automated, straight through processing
• Fostering win-win partnerships with banks and fintech players

Qualifications / Experience:

• Bachelor's degree in business administration, finance, accounting, or in a related field, ideally supplemented by additional finance-related qualifications (e.g. MBA etc).
• Minimum 10-15 years of relevant experience in a Corporate Treasury or a Bank with consistent professional accomplishments
• In-depth knowledge of trade finance including ICC guidelines, central bank guidelines, trade finance cum banking practices & processes
• Rich experience in RBI liasioning, handling Project Export Memorandum (PEM) projects and structuring compliant cross border current account transactions to support business requirements
• Proficiency in MS Office suite and understanding of SWIFT for Corporates

Competencies:

• Highly independent, persuasive, self-starter with strong sense of ownership at work & speed in execution
• Team up with all stakeholders in businesses and headquarters to win; Good communication & inter-personal skills are must to have
• Ability to think globally & act locally – Being consistent with global processes/practices/standards; but, having the ability to take all stakeholders along and do what is right for the business in the country, in line with local situation
• Skills & vision to build the future - Ability to look ahead in terms of potential / opportunities and drive change to capture 'early mover' advantage
• Passion to drive digital transformation & automation