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TD Newton
Analyst – Trade Finance (Letter of Credit)
Leading Investment Bank · posted 8 months ago
Bengaluru, Chennaitrade finance
About the role
Responsibilities
Ø Responsible for processing of LC Issuance, Amendments, Acceptance, Payments, SWIFT communications for Asian entities.
Ø Co-ordinate/work closely with the Middle office, Front office & Relationship managers (Onshore)
Ø Be able to work closely with Back office team in meeting the client requirements / expectations
Ø Knowledge in IMEX application would be an advantage.
Ø Fully aware of the below trade cycle/flow of transactions, thus enabling/guiding the clients in handling TRADE Transactions
· Export LC processes (Advising, Amendment, Confirmation, Transfer LCs, Negotiation, LC Forfaiting, LC discounting, FX Loans, Reimbursement Claims and payments)
· Import LC processes (Issuance, Amendment, Negotiation and Import Financing (Trust Receipt Loans), Reimbursement authorization, honor and Acceptance & Payments.
Profile required
At least 2-5 years of experience and in-depth knowledge in Trade Finance Operations, especially LC Issuance
Exposure towards Asian market is preferable
Knowledge of UCP 600 is must
Working knowledge in IMEX would be preferred.
Knowledge in Compliance regulations (Anti-boycott languages, Anti-Money laundering, and OFAC - Office of the Foreign Asset Control )