Assistant Manager - Corporate-Ops-LC_LG Issuance

Mashreq · Bengaluru

Job Purposes

The incumbent will be responsible for LC, Guarantees, Amendments, Cancellations, Closures, Claims and Other Miscellaneous activities as per Bank’s internal policies, SOP’s as well as ICC guidelines and authorising the transactions in the processing system. The coverage will be all the areas of Trade Finance for various business segments

Key Result Areas

• All processing should be as per SOP/OPM’s and UCP/ISBP/ISP as applicable and charges recovery to be as per the extant guidelines.
• Perform sanction checking of relevant parties in documents
• Handle Commodity Trade Operations documents
• Responsible for authorizing/inputting transactions into the system and prepare/authorize relevant SWIFT messages
• Ad-hoc tasks given by the Team Head
• Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.
• No revenue leakage due to miss out in charges collection
• No outstanding reconciliation entries pending in Nostro or Internal accounts.

Problem Solving

Managing customers’ expectations, Ideation and working on automation projects
Participating in Team Huddles and showing enough Teamwork to provide solutions to any issues
Ensure solutions are implemented on fast track basis and work closely with onshore unit to ensure seamless client delivery.
Audit observations if any, must be closed in an effective and timely manner.

Ensures efficient processing of transactions, adherence to service standard and quality services to both internal and external customers.
Acts as an authorizer/maker for Import LG issuance/Amendments/cancellation and/or similar stages for Standby Letter of Credits/Claims.
Ensures that the practice and procedures stated in relative manual have been strictly followed during the course of transaction processing.
Recommends actions in relation to changes in law, Rules of International Chamber of Commerce, Government regulations and bank policies which will affect the import scenario.

Knowledge, Skills and Experience

Bachelor's Degree
At least 9-12 years of relevant working experiences in Trade Operations
CDCS/CITF/CTFP certified
Expert level knowledge in Understanding of Letter of Guarantee and Letter of Credit
Expert level knowledge of accounting entries and UATs.
Understanding of amortization principles

The position is responsible for processing Trade Transactions for customers in the area of Trade Finance and to CIBG, FIG and RBG client segments. Responsible for delivering transactions within the agreed SLA, TAT and accuracy levels.

More jobs at Mashreq · Finance & Accounting jobs in Bengaluru