Trade Finance Advisory (TFA) Professional

Siemens

10 - 15 years

10 - 15 Lacs

Mumbai Maharashtra India

Posted:1 day ago| Platform: Foundit logo

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Skills Required

SLCs & Bank Guarantees Trade Finance Cross-border transactions. RBI compliance Risk Mitigation

Work Mode

On-site

Job Type

Full Time

Job Description

Review and advise, incl. drafting & mark-ups on standby letters of credit (SLCs), bank guarantees, surety bonds and other guaranties and corporate guarantees (collectively Guarantees)
Ensure timely and accurate issuance and amendment of Guarantees
Review of guarantee forecast for Siemens Entities
Manage information within the guarantee database for reporting and controlling, including engagement with management, accounting, and other Siemens stakeholders
Assist with guarantee charges from banks and surety companies as well as internal billings
Advise concerning corporate finance circulars and external rules/regulations (e.g. UCP 600, ) and on standard practice as well as apply this knowledge to drafting and negotiating guarantee terms and relevant contract sections
Building & maintaining trust-based co-operation and highest level of transparency in dealings with all internal stakeholders Businesses, other functions, shared service center, group companies and head quarters
Ensuring utmost professionalism and fairness in dealings with all external stakeholders including RBI and banks

Key Areas of Responsibility:

As the member for the Trade Finance Advisory function for South Asia Region,

Providing risk advisory to businesses with reference to guarantees and stand-by/commercial letters of credit - including risk mitigation strategies to reduce the financial risk for Siemens
Managing outward Guarantees & LCs issuance and inward LCs advising & negotiation and ensuring oversight with reference to inward Guarantees
Ensuring approvals, monitoring & reporting for Project Exports under the RBI Project Export Memorandum (PEM) guidelines
Providing regular trade finance trainings to businesses to increase risk awareness and drive risk mitigation
Overseeing adherence to export and merchanting trade related FEMA guidelines prescribed by RBI
Liasioning with RBI and obtaining exception approvals from RBI
Transforming the existing trade finance landscape by designing and implementing e2e automated, straight through processing
Fostering win-win partnerships with banks and fintech players

Qualifications / Experience:

Bachelors degree in business administration, finance, accounting, or in a related field, ideally supplemented by additional finance-related qualifications (e.g. MBA etc).
Minimum 10-15 years of relevant experience in a Corporate Treasury or a Bank with consistent professional accomplishments
In-depth knowledge of trade finance including ICC guidelines, central bank guidelines, trade finance cum banking practices & processes
Rich experience in RBI liasioning, handling Project Export Memorandum (PEM) projects and structuring compliant cross border current account transactions to support business requirements
Proficiency in MS Office suite and understanding of SWIFT for Corporates

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