Senior Manager, Trade Finance & Credit Operations
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Job Description
Responsible for all Credit administration related function pertaining to trade finance advances, including Post sanction monitoring of corporate and retail credit accounts including verification of sanction notes and related documents before disbursal.
Monitoring of the credit portfolios to ensure prompt pre-emptive action so as to maintain quality of assets. End to end in charge of structured trade finance transaction (Imports and Exports).
Responsible to handle Letter of Credit Issuance, Inward and Outward Collection, Bill Purchased, Transfer LC, Trust Receipt Financing, Invoice Financing, Export LC Advising, Export Sales Invoice Financing, Confirmation, L/C Negotiation and Bank Reimbursement, Back-to-back LC matching, Transfer LCs and etc.
Review and check workability of LC for confirmation to ensure that terms and conditions are acceptable and workable. Handle all settlements/preparation of all payments, disbursement of proceeds independently. Should have a clear understanding of SWIFT MT message formats particularly in MT 700 series.
Perform compliance and other checks on trade transactions in line with Anti-Money Laundering Guidelines, Terrorist Financing & Sanctions Regulations and other internal policies. Liaise and collaborate closely with internal stakeholders to ensure smooth facilitation of transactions.
Should have Complete Understanding of UCP 600, ISBP 745, URDG 758. Monitoring of Early Warning Signal (EWS) and analysis of the alerts received with specific views and the impact on the credit quality of the loan.
Follow up with the borrower/Agent for regularisation of irregular loans as well as stressed assets for early resolution. Make unit visits as per terms of sanction. Verification/Authorization financial payment messages and non-financial messages through Finacle.
Follow-up on rollover notices, interest advice to borrowers and other lenders/participating branches. Preparation of regulatory returns (MAS, RBI) at stipulated intervals. Preparation of