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 (MT103/MT202) independently.
- Should have an Understanding of SWIFT MT message formats particularly in MT700 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 roll over notices, interest advice to borrowers and other lenders/participating branches
- Preparation of regulatory returns (MAS, RBI) at stipulated intervals.
- Preparation of various returns and internal reports (including adhoc and miscellaneous reports for top management)
- Attending to Internal and External Audits and ensure rectification of deficiencies pointed out.
- Attending to credit related queries from regulators.
- Work closely with Senior Management to provide views and recommendations on market trends and conditions.
Requirements:
- Degree or equivalent preferably in the field of Banking and finance.
- Banking experience of a minimum of 5 years in related field.
- Good understanding of financial statements.
- Sound knowledge of banking systems/processes/procedures.
- Good management skills and analytical mindset, one who can effectively analyse a situation and make decisions to address issues/problem.
- Excellent communication and inter personal skills with the ability to Interact with all levels of staff and top management.
- Sound knowledge of Microsoft applications: Excel/Word/PowerPoint.
- The candidate should preferably have experience in different verticals such as International Banking, Computer Application and Business Management.
