Trade Finance Operations - Bank Guarantee Process

Position Purpose

The Senior Associate/ Assistant Manager will perform and oversee the vetting and booking of bank guarantees/ SBLC, manage a small team, and ensure compliance with all regulations. This role requires extensive experience and the ability to improve processes.

Responsibilities

Independently Review and verification of trade finance documents, ensuring accuracy and compliance.

Perform and Verify Compliance checks at transaction level. Work closely with compliance team and other relevant stake holder to ensure adherence of process and policies.

Ensure all processes comply with relevant laws, regulations, and internal policies and sanctions.

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.

Serve as a point of contact for clients and stakeholders regarding bank guarantee document checking and compliance checks.

Stay updated on changes in trade finance regulations, International Sanctions & Embargo and best practices.

Knowledge on URDG, ISBP and ISP guidelines.

Coordinate with internal departments to ensure the timely and accurate processing.

Ability to handle high volumes without compromising on accuracy in processing.

Knowledge on handling Recon reports, payments, Fx booking, Accounting entries and account receivables.

Collaborate with relationship managers, operations teams, and other relevant departments to enhance service delivery.

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 Documents and related processes to identify gaps and rectify discrepancies.

Supporting in clearing the Internal Audit queries

Provide guidance and support to junior associates.

Suggest and implement process improvements to enhance efficiency and compliance.

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.

5-10 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.

Skills Referential

Behavioural Skills: (Please select up to 4 skills)

Communication skills - oral & written

Ability to collaborate / Teamwork

Ability to deliver / Results driven

Creativity & Innovation / Problem solving

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability to inspire others & generate people's commitment

Ability to anticipate business / strategic evolution

Ability to develop others & improve their skills

Education Level:

Bachelor Degree or equivalent

Experience Level

At least 5 years

Other/Specific Qualifications