WBO: TFC - Trade Initiator - Trade Remittances

WBO: TFC -Portfolio Manager or

WBO TFC - Trade Specialist

The Transaction banking operations department helps in managing the transaction in the banks.Transaction Banking(TB) can be defined as the set of instruments andservicesthat abankoffers to trading partners to financially support their reciprocal exchanges of goods (e.g.trade), monetary flows (e.g., cash), or commercial papers (e.g., exchanges)

Trade Finance Center handles the imports & exports transactions such as BG, LC, Collections, Advance Remittances, Open Account Payments, Trade outward Remittances and routing of SWIFT messages.

• Responsible for the scrutiny and verification of relevant documents and also for checking the data entry.

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• Ensure Inputting of transactions within stipulated TAT (turn-around time)
• Ensure Error-free entry and transactions and verification of trade & forex transactions
• Ensure Customer satisfaction and nil customer complaints
• Achieve higher productivity and fungibility

Optimal qualification for success on the job is:

• Graduate/ MBA preferred
• Additional Certificate course related to Banking sector

For successful execution of the job, the candidate should possess the following:

• Knowledge of banking products and services
• Knowledge of regulatory guidelines and norms
• Good communication (both verbal and written) skill in both English and the local language
• Ability to manage complex client situations
• Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
• Ability to handle pressure and meet deadlines