WBO : TFC - Trade Specialist

WBO TFC - Trade Specialist

INTERNAL USAGE : No. of Vacancies :

Reports to :

WBO : TFC -Portfolio Manager or

WBO : TFC - Team Lead (NPH)

Is a Team leader

Team Size : Grade :

DM / MGR / SM / AVP

Business : WBO_TFO

Department : TFC

Sub - Department : Location :

Airoli / Hyderabad / Kolkata / Noida

About Department

The Transaction banking operations department helps in managing the transaction in the banks. Transaction Banking (TB) can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g.trade), monetary flows (e.g., cash), or commercial papers (e.g., exchanges) Trade Finance Center handles the imports & exports transactions , Export Finance & BG, LC, Collections, Advance Remittances, Open Account Payments, Capital Account transactions, Trade outward Remittances and routing of SWIFT messages.

About Role

The Trade Finance Center is responsible for compliance of outward remittance, Inward Remittance and multi-currency card of PAN India branches. They are responsible for Processing and verification of Export / Outward and Inward Remittance / Capital Account / Export Finance / FLC issuance and Bill / FBG and others.

Key Responsibilities

• Ensure Cost Control for the FY and manage operational loss
• Handle customer Complaints and ensure adherence to prescribed TAT for customer centric clear transactions (non rejection cases)
• Ensure Error-free compliance of transactions and processing of retail forex transactions as well as SWIFT payments
• Implement Automation of Processes
• Ensure Reduction in number of audit irregularities & timely rectification and prompt reconciliation of GL heads.

Qualifications

Optimal qualification for success on the job is :

Role Proficiencies :

For successful execution of the job, the candidate should possess the following :

Skills Required

swift payments