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Trade Finance Advisory (TFA) Professional, South Asia

Trade Finance Advisory (TFA) Professional, South Asia

Siemens

10 - 15 years

22 - 25 Lacs

Mumbai

Posted:6 hours ago| Platform:

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Skills Required

trade finance corporate leasing accounting ms office suite swift risk advisory business services bonds bank guarantee risk mitigation corporate finance billing business administration trade treasury rbi fema digital transformation financial risk

Work Mode

Work from Office

Job Type

Full Time

Job Description

Role Trade Finance Advisory (TFA) Professional, South Asia
Reporting to Head- Trade Finance Advisory (TFA), South Asia
Location Worli, Mumbai
Coverage
Product line Guarantees, Letters of Credit, Project Exports under PEM, FEMA compliance, RBI
liasioning Geography Siemens business in India, Bangladesh, Sri Lanka, Nepal & Bhutan
Legal entities Siemens Ltd, India & Siemens group companies in India & Bangladesh- engaged in the following businessesDigital industries, Smart Infrastructure, Mobility, Software, Global business services etc
Mission
The incumbent will be responsible for the following

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

Competencies

Highly independent, persuasive, self-starter with strong sense of ownership at work & speed in execution

Team up with all stakeholders in businesses and headquarters to win; Good communication & inter-personal skills are must to have

Ability to think globally & act locally- Being consistent with global processes/practices/standards; but, having the ability to take all stakeholders along and do what is right for the business in the country, in line with local situation

Skills & vision to build the future - Ability to look ahead in terms of potential / opportunities and drive change to capture early mover advantage

Passion to drive digital transformation & automation

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Siemens

Automation Machinery Manufacturing

Munich Brande

10001 Employees

1936 Jobs

Key People

Roland Busch

President and Chief Executive Officer
Ralf P. Thomas

Chief Financial Officer
Barbara Humpton

CEO of Siemens USA

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Trade Finance Advisory (TFA) Professional, South Asia