Sr Associate - Trade Finance Operations - Bank Guarantee Processing
- BNP Paribas
- 5 - 7 years
- Mumbai
- 11 days ago
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Job Description
The Senior Associate will independently vet and book bank guarantees, ensuring compliance and accuracy. This role requires a deeper understanding of trade finance products and the ability to handle complex cases.
Responsibilities
Direct Responsibilities Independently review and analyze bank guarantees & SBLC related documentation.
Accurate booking and authorizing of bank guarantees/SBLC including commission and compliance check
Ensure all processes comply with relevant laws, regulations, and internal policies and sanctions.
Guarantee/SBLC Commission management which includes Commission Booking, Sending Tracer, Monitoring of Receivables/Accrual/PnL and Reconciliation of accounting entries & related accounts.
To ensure that transactions processed with in specified Turn-Around-Time.
Ensure that transaction processed as per Site-specific Standard Operating Procedures (SOPs) and highlight any procedural modifications in SOPs wherever required.
Ensure KPI is maintained below the site specific KPIs for Errors and incident.
Ensure adherence to internal guidelines and compliance aspects with Zero tolerance policy.
Coordinate with internal departments to ensure the timely and accurate processing of bank guarantees.
Ability to handle high volumes without compromising on accuracy in processing.
Serve as a point of contact for clients and stakeholders regarding bank guarantee matters.
Prepare regular reports on bank guarantee & SBLC activities, highlighting key metrics and trends.
Stay updated on changes in trade finance regulations and best practices.
Knowledge on URDG and ISP guidelines.
Contributing Responsibilities Provide guidance and support to junior associates.
Collaborate with team members to resolve issues and standardize processes.
Stay updated on changes in trade finance regulations and best practices.
Conduct periodic reviews of bank guarantees/SBLC and related processes to identify gaps and rectify discrepancies.
Supporting in clearing the Internal Audit queries
Technical & Behavioral Competencies Bachelors degree in Finance, Business Administration, or a related field. A masters degree or professional certifications in trade finance are a plus. Professional certifications in trade finance (e.g., CDCS, CSDG) would be an added advantage.
5 -7 years of experience in trade finance, with a focus on bank guarantees/SBLC.
Strong analytical skills and attention to detail.
Good understanding of regulatory requirements and trade finance systems.
Effective communication and interpersonal skills.
Specific Qualifications (if required) Skills Referential
Behavioural Skills : (Please select up to 4 skills)
Communication skills - oral & written
Ability to collaborate / Teamwork
Ability to deliver / Results driven
Creativity & Innovation / Problem solving
Transversal Skills: (Please select up to 5 skills)
Ability to understand, explain and support change
Analytical Ability
Ability to develop others & improve their skills
Ability to develop and adapt a process
Ability to anticipate business / strategic evolution
Education Level:
Bachelor Degree or equivalent
Experience Level
At least 5 years
Job Classification
Industry: BankingFunctional Area / Department: BFSI, Investments & TradingRole Category: Banking OperationsRole: Banking Operations - OtherEmployement Type: Full timeContact Details:
Company: BNP ParibasLocation(s): Mumbai+ View Contact
Keyskills: Trade Finance Operations standard operating procedures buyers credit trade finance accounts payable ucp import payments banking operations auditing accounting bank guarantee internal audit letter of credit lc bank reconciliation export finance
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