Associate - Trade Finance - IDFC FIRST Bank

Job Description

The Associate - Trade Finance Operations position sits in the IDFC FIRST Bank office in Delhi.

Job Criteria

Position/ Job Title: Associate – Trade Finance Operations

Function/ Department: Wholesale Banking Operations

Job Purpose: The incumbent in this job should be having grasp in Capital A/ C Products like ODI, FDI, ECB, LO / BO/ PO and regulaotry reporting associated with it. Should have a prior experience from an operations perspective.

Roles & Responsibilities:

 Processing of Capital Account Trnx like ECB, ODI, FDI, LO / BO / PO

 ECB - Processing under automatic route and approval route, Guidance to the Branch & Customer about filing of Form ECB or any other document, obtaining LRN from RBI, follow up for filing of Form ECB-2, filing ECB 2 with RBI, Sustaining Record of all ECBs sanctioned and ECB 2 filing, approving ECB remittances.

 Securing adherence to guidelines pertaining to FDI transactions. Handling approvals of FCGPR / FCTRS etc. in the FIRMS application of RBI. Liaising with branches for discrepancy resolution, if any.

 Ensuring adherence to guidelines pertaining to ODI transactions

 Oversee and reach satisfactory audit rating and error free operations.

 Keeping up MIS, reporting to stakeholders and follow-up for overdue.

 Timely processing meeting customer expectations

 Assist in transactional regulatory checks as required.

Enure processing is in line with the internal standard operating procedures (SOPs) and regulatory guidelines. Review of SOPs at frequent intervals and obtaining sign offs from concerned stakeholders.

 Pinpointing risks and ensuring that there exist adequate controls (automated / manual) to guarantee compliance with applicable rules and regulations.

 Aptitude to handle regulatory queries / reporting related criteria

Educational Qualification: Graduate/Post Graduate

Experience: 2-5 yrs.

Frequently Asked Questions

What are the eligibility criteria for the Associate - Trade Finance Operations job at IDFC FIRST Bank?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Associate - Trade Finance Operations at IDFC FIRST Bank?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Associate - Trade Finance Operations at IDFC FIRST Bank.

Is prior experience required for this position?

This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Associate - Trade Finance Operations role at IDFC FIRST Bank?

You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.

Associate - Trade Finance Operations

IDFC FIRST Bank — Delhi, NORTH DELHI

Job Description

Roles & Responsibilities:

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Frequently Asked Questions