Senior Associate - Trade Finance Operations
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Key skills for this role
Role Overview
The Senior Associate will use working knowledge of A1 remittance and Bill of Entry processes within Wholesale Banking Operations.
The role focuses on trade finance processing, regulatory compliance, documentation, settlements, and operational performance.
Key Skills for This Role
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Job Purpose
The Senior Associate will use working knowledge of A1 remittance and Bill of Entry processes within Wholesale Banking Operations.
The role focuses on trade finance processing, regulatory compliance, documentation, settlements, and operational performance.
Trade Finance Processing
- Process Bill of Entry updates or settlements for import outward remittances, including advance import remittances, direct import remittances, import collection payments, and import LC payments.
- Process settlements in the IEDPMS and TRRACS applications.
Regulatory Compliance
- Ensure transactions and importer documents comply with RBI, FEMA, IDPMS, and trade-based money laundering regulations.
- Keep current with trade finance regulations and guidelines.
- Meet regulatory timelines for Bill of Entry extensions and regularization.
- Maintain required documentation and approvals for Bill of Entry and ORM write-off cases.
Operational Improvement
- Ensure processes and policies remain compliant and streamlined within regulatory guidelines.
- Oversee quality initiatives to optimize operations, improve turnaround time, and upgrade service levels.
- Manage business-critical metrics and performance indicators using dashboards and trade analytics.
- Ensure effective utilization of manpower resources.
Education and Experience
- Graduate or postgraduate qualification.
- Three to five years of experience.
- Working knowledge of A1 remittance and Bill of Entry processes.
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