Business Analyst Trade finance

Job Description

Job Title: Trade Finance Business Analyst (BA) Experience Level: 5+ Years in Trade Finance Operations Location: Mumbai - BKC, soon they are going to move to Andheri East Department: Trade Finance Operations only Job Summary: We are seeking a skilled Trade Finance Business Analyst with 5 years of experience in Trade Finance Operations to support the development, improvement, and implementation of trade finance solutions. The ideal candidate will have a deep understanding of trade finance products, processes, and regulatory requirements, and will work closely with cross-functional teams including technology, operations, and business stakeholders to enhance trade finance workflows and systems. Key Responsibilities: 1. Requirements Gathering & Analysis: Collaborate with business stakeholders to gather detailed business requirements for trade finance products (e.g., Letters of Credit, Guarantees, Documentary Collections). Translate operational processes into functional and technical requirements. Identify gaps, inefficiencies, and opportunities for automation in trade finance operations. 2. Process Improvement: Analyze and document current trade finance processes, systems, and workflows. Propose enhancements to optimize operations, reduce turnaround time, and ensure compliance. Support the implementation of process improvements in areas such as document handling, transaction processing, and risk mitigation. 3. System Development & Support: Work with IT teams to develop, configure, and test trade finance applications and modules. Participate in system upgrades, troubleshooting, and enhancements to ensure alignment with business needs. Ensure smooth integration of trade finance systems with core banking and ERP systems. 4. Stakeholder Management: Liaise with internal stakeholders (operations, compliance, sales, and product teams) to understand their needs and deliver appropriate solutions. Communicate technical concepts and updates to non-technical stakeholders. Provide training and documentation to end-users on new systems or processes. 5. Regulatory Compliance & Risk Management: Stay updated on trade finance regulations (e.g., UCP, URC, URDG, and OFAC regulations) and ensure systems and processes comply with local and international trade regulations. Collaborate with compliance teams to address any regulatory or operational risks. 6. Data Analysis & Reporting: Generate and analyze data reports related to trade finance transactions, operational performance, and compliance. Provide insights and recommendations based on data analysis to support decision-making. Qualifications & Skills: Experience: 5+ years in Trade Finance Operations, with exposure to trade products like Letters of Credit, Guarantees, and Collections. Knowledge: Strong understanding of international trade finance products, processes, and documentation. Familiarity with SWIFT messaging, UCP 600, URDG 758, and other relevant regulations. Technical Skills: Experience with trade finance systems and applications, such as Misys (Finastra), Fusion Trade Innovation, or other trade finance platforms and Trade module in core banking Analytical Skills: Ability to interpret data and trends to identify operational issues and opportunities for process improvement. Communication: Excellent written and verbal communication skills with the ability to interact with technical and non-technical stakeholders. Problem-Solving: Strong problem-solving skills with the ability to work independently and in teams. Education: Bachelors degree in Finance, Business Administration, or related field. Certification in trade finance (e.g., CDCS, CITF) is a plus. Key Competencies: Attention to detail and accuracy in documentation and reporting. Build test cases and participate in testing Ability to manage multiple projects and deadlines. Strong interpersonal and relationship-building skills.