Trade Operations Associate

• Trade has been the foundation of HSBC since 1865, it is evolving fast and so are we. With our network, expertise, and solutions we're placed to help clients make sense of emerging trends, risks, and opportunities by being the global connectors, innovative problem solvers and strategic partners.
• We connect the world through trade. Our footprint gives clients access to roughly 90% of world trade flows providing a powerful mix of local, regional, and global knowledge to help them spot new growth opportunities.
• We are innovative problem solvers that provide a safer, smoother digital trade experience. We solve business challenges through growth, disruption, or uncertainty, and we bring clients insights and ideas to enable grow and protect their business.
• Our comprehensive suite of products and services can be combined into global solutions that help make it easier for businesses to manage trade risk, process trade transactions, and fund trade activities.

Principal Responsibilities

• To processes trade transactions, manage import/export bills, DC issuances, Loans, structures financing solutions, and ensures compliance with regulations and internal procedures/guidelines.
• Reviewing and validating trade documents, ensuring adherence to international standards like UCP 600 and URC 522, and maintaining compliance with banking regulations
• Collaborating with internal departments and implementing operational improvements.
• To be one point of contact for internal stakeholders for any issues / delay / complaints regarding trade transactions
• Working closely with internal teams such as compliance, credit, and operations to ensure smooth transaction execution.
• Working knowledge of handling and acting on various SWIFT message types e. g. MT 700, 760, 202, 103, 799, 999, 910 etc
• Handling recon of internal accounts, manual registers, vouchers etc
• Proficiency in extant FEMA guidelines and FTP related to Trade
• Working knowledge of Trade regulatory Reportings to various regulators e. g. RBI, DRI, FIU-IND, ED etc
• Review the local / global regulatory reports and other HIE generated reports daily to ensure that no Balance Sheet differences has occurred on account of the transactions processed on the previous day.
• Liaising with clients for any clarifications on documentation.
• Ensure all MIS / Reporting for Internal /External teams is done within deadlines.
• The job holder also interfaces with Clerical staff in terms of getting transactions captured on the system. The incumbent is also tasked with observance of AML and Sanctions related as we'll as other Internal guidelines, besides being familiar with the Indian Regulatory framework.
• The job holder is also responsible for liaising with Concurrent Auditors, providing them with all relevant information and resolving their queries.
• Balance all related Suspense accounts.
• Respond to mails/queries promptly and ensure agreed TATs are met.
• Ability to work effectively in a team-oriented environment and drive for continuous improvement.