Senior Associate - Bank Guarantee Processing (Trade Finance Operations

The Senior Associate will independently vet and book bank guarantees, ensuring compliance and accuracy. This role requires a deeper understanding of trade finance products and the ability to handle complex cases. Flexible to work for any regions shift timings.

Responsibilities

• Independently review and analyze bank guarantees & SBLC related documentation.
• Accurate booking and authorizing of bank guarantees/SBLC including commission and compliance check
• Ensure all processes comply with relevant laws, regulations, and internal policies and sanctions.
• Guarantee/SBLC Commission management which includes Commission Booking, Sending Tracer, Monitoring of Receivables/Accrual/PnL and Reconciliation of accounting entries & related accounts.
• To ensure that transactions processed with in specified Turn-Around-Time.
• Ensure that transaction processed as per Site-specific Standard Operating Procedures (SOPs) and highlight any procedural modifications in SOPs wherever required.
• Ensure KPI is maintained below the site specific KPIs for Errors and incident.
• Ensure adherence to internal guidelines and compliance aspects with Zero tolerance policy.
• Coordinate with internal departments to ensure the timely and accurate processing of bank guarantees.
• Ability to handle high volumes without compromising on accuracy in processing.
• Serve as a point of contact for clients and stakeholders regarding bank guarantee matters.
• Prepare regular reports on bank guarantee & SBLC activities, highlighting key metrics and trends.
• Stay updated on changes in trade finance regulations and best practices.
• Knowledge on URDG and ISP guidelines.

• Provide guidance and support to junior associates.
• Collaborate with team members to resolve issues and standardize processes.
• Stay updated on changes in trade finance regulations and best practices.
• Conduct periodic reviews of bank guarantees/SBLC and related processes to identify gaps and rectify discrepancies.
• Supporting in clearing the Internal Audit queries

• Bachelors degree in Finance, Business Administration, or a related field. A masters degree or professional certifications in trade finance are a plus. Professional certifications in trade finance (e.g., CDCS, CSDG) would be an added advantage.
• 5 -7 years of experience in trade finance, with a focus on bank guarantees/SBLC.
• Strong analytical skills and attention to detail.
• Good understanding of regulatory requirements and trade finance systems.
• Effective communication and interpersonal skills.