Specialty Product Specialist
Aumni
Job Description
You are a strategic thinker passionate about driving solutions. You have found the right team
As a specialist in the the Trade & Working Capital operations team , you will focus on developing and delivering business solutions related to trade finance products offered by banks, including transactions such as import and export bills, foreign bill collection, banker's acceptances/reimbursements, letters of credit, and open account trading. You will also provide transactional-based expertise to ensure accurate and timely conduct in accordance with ICC guidelines, bank procedures, and the trade finance policy manual. The role requires a good understanding of risk management, transaction processing, retail banking, wholesale banking, trade settlements, and trade processing.
Job Responsibilities:
- Review transactions as a first or second check to identify potential matches and decide to pass, stop, or escalate transactions to corporate compliance or the appropriate team.
- Action transactions post-investigation or upon receipt of compliance guidance, applying appropriate decisions to each transaction.
- Ensure accountability for the service quality of the GSM Trade Escalation Team, adhering to sanction screening procedures and completing related activities in a timely manner.
- Be a team player to provide top-quality processing with zero errors.
- Conduct recurring investigations and escalate any issues as per BAU to the appropriate team.
Required qualifications, capabilities and skills
- You should be a graduate and have a minimum of 3 years experience in Trade Finance Operations
- Should have thorough knowledge of ICC Rules used in Trade Finance
- Should have good knowledge on Anti-Boycott and OFAC Regulations.
- Good knowledge on Sanction/Compliance/ SDNs etc.
- Must be proficient in reporting/MIS updating etc.
- Ability to work in a deadline driven environment and flexible to work in different shifts or weekends.
- Focus on BAU and Client expectations are must..
- Standard Operating Procedures (SOP) followed for the process should be maintained and updated as and when changes occur
- Drive efficiency by implementing various best practices and continuously seek out for opportunities to improve efficiencies
- Actively engage in new deals, attend project management calls and drive smooth migration
- Should ensure effective adherence to internal policies and other regulatory requirements in the day to day operations