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Job/ Job Title: Associate – Trade Finance Operations
Function/ Department: Wholesale Banking Operations
Job Purpose: The incumbent in this post should be having understanding 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.
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, Upholding Record of all ECBs sanctioned and ECB 2 filing, approving ECB remittances.
Ensuring 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.
Guaranteeing adherence to guidelines pertaining to ODI transactions
Handle and deliver on satisfactory audit rating and error free operations.
Sustaining MIS, reporting to stakeholders and follow-up for overdue.
Timely processing meeting client 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.
Recognising risks and making sure that there exist adequate controls (automated / manual) to secure compliance with applicable rules and regulations.
Capability to handle regulatory queries / reporting related needs
Educational Qualification: Graduate/Post Graduate
Experience: 2-5 yrs.
This Senior Associate - Trade Finance Operations vacancy is based in Thane.
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.
The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Senior Associate - Trade Finance Operations at IDFC FIRST Bank.
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.
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.
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.