Senior Associate - Trade Finance Operations

Job description

**Job Requirements** **Role/ Job Title:** Senior Associate – Trade Finance Operations **Function/ Department:** Wholesale Banking Operations **Job Purpose:** The incumbent in this role should be having working knowledge of A1 remittance & BOE process. **Roles & Responsibilities:** ** Processing of Bill of Entry Updation or Settlements for Import Outward Remittances- Trade Finance such as Advance Import remittances, Direct Import Remittances, Import Collection Payments, Import LC Payments etc as laid down RBI circular and Internal policies.** ** Ensuring all transactions and Documents received from Importers comply with RBI, FEMA, IDPMS and Trade Based Money Laundering (TBML) regulations. Staying updated on trade finance regulations and guidelines.** ** Ensure all regulatory timelines are met for Bill of Entry Extension and regularization along with requisite documentation. Ensuring all requisite documentation are in place for Bill Of Entry/ ORM write off cases and relevant approvals as per RBI Circular and Internal policies are obtained.** ** Ensure the processes and policies are compliant and streamlined within the Regulatory guidelines.** ** Oversee quality initiatives across operations team for optimization of processes to improve TAT and upgradation of SLAs.** ** Manage and monitor business critical metrics and performance indicators by leveraging relevant dashboards and trade analytics.** ** Ensure best utilization of manpower resources** ** Settlement process in IEDPMS and TRRACS application** **Educational Qualification:** Graduate/Post Graduate **Experience:** 3 to 5 years of experience.