Lead Trade Finance Compliance (Corporate Level) Larsen & Toubro (L&T)

15.0 - 20.0 years

30 - 45 Lacs

Mumbai

Work from Office

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies. The L&T Group comprises of 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 jointly held operations, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services. Specialties Aerospace, Infrastructure, Shipbuilding, Construction, Defense, Finance, Forging, Hydrocarbon, Information Technology & Engineering Services, Construction Equipment, Railways, Boilers, Process Plant, Turbines, Power, Renewable Energy, Manufacturing, and Green Hydrogen. Job Title: Lead Trade Finance Compliance (Corporate Level) Location: Mumbai Department: Corporate EXIM Reports To: Head Corporate EXIM Role Overview: The Lead Trade Finance Compliance will be responsible for providing strategic and operational guidance on trade finance compliance across the L&T Group. This includes regulatory compliance under EDPMS, IDPMS, RBI FEMA Regulations, knowledge on sanctions frameworks (e.g., OFAC), and exposure to documentary credit practices under UCP 600. The role will ensure adherence to domestic and international trade rules, mitigate compliance risks, and streamline trade-related processes through automation and standardization. Key Responsibilities: • Trade Compliance Advisory: Provide expert advisory to business verticals on EDPMS, IDPMS, RBI Regulations, and UCP 600 norms governing documentary credits. Develop and implement risk mitigation strategies to reduce exposure of pendency of EDPMS/IDPMS across the organization. Ensuring business continuity and proactively resolving the issues by close coordination with business and AD banks for timely extensions, obtaining permissions and approvals from AD banks for write offs/ extensions. Ensuring no adverse actions from any Regulatory Agencies - AD Banks, RBI and ED. Regulatory Compliance: Ensure Project Export and Merchanting Trade transactions are in compliance with RBIs Project Export Memorandum (PEM), including tracking of approvals, extensions, and reporting. LC & Documentary Credit Compliance: Advisory Support business teams for compliance related to Letters of Credit, including review of LC terms, advising on documentary requirements, and ensuring alignment with UCP 600 and ICC best practices. Sanctions Compliance & Screening: Basic knowledge on compliance with global sanctions regulations including OFAC, EU, and UN guidelines. Stakeholder Management: Collaborate with multiple Authorized Dealer (AD) Banks(more than 25 banks) to ensure smooth trade finance operations and maintain regulatory alignment. Enforce Regimentation and rationalization. Cross-Functional Collaboration: Coordinate with Corporate Treasury & Risk and Corp. Finance , Business Treasury, Finance & Accounts, Shared Services Center (SSC), and EXIM /SCM teams to enforce standardized trade compliance protocols. EXIM Compliance knowledge: Basic awareness of monitoring of Trade related EXIM regulations and FEMA requirements for both import and export operations. Process Governance: Establish and enforce SOPs (revise periodically) and exception monitoring for trade compliance. Implement controls to ensure regulatory discipline and uniformity across the organization. Training & Advocacy: Deliver regular training sessions to business units on trade finance EDPMS/IDPMS compliance , UCP 600, sanctions compliance, and recent regulatory updates from RBI and international bodies. Digital Transformation: Drive automation and digitization of trade compliance processes, including implementation of straight-through processing (STP) for trade documentation and payments. Digital Integration: Enable digital interfacing with AD banks for real-time processing and compliance of trade documents and import/export transactions. Preferred Qualifications: Post Graduate in Commerce /Management , or equivalent professional qualification. 15 years of experience in Trade Finance Compliance - handling of EDPMS/IDPMS for large organization or large banks mandatory, EXIM regulations, and LC documentation. Strong Expert level & working knowledge of: End to end compliance EDPMS, IDPMS, FEMA, RBI compliance Working level good knowledge on Letters of Credit and UCP 600 rules, EXIM Policy and related framework. Basic knowledge Sanctions frameworks including OFAC, EU, UN and Knowledge of with sanctions screening tools and trade finance platforms will be a add but not mandatory. Strong stakeholder management, analytical, and training capabilities. Proficiency in MS Advanced Excel, Power BI, presentation skills. Experience in leading or part of automation initiatives in trade finance compliance is a plus

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