India Foreign Remittance Operations

Job description

Mizuho Global Services Pvt Ltd (MGS) is a subsidiary company of Mizuho Bank, Ltd, which is one of the largest banks or so called Mega Banks of Japan. MGS was established in the year 2020 as part of Mizuhos long-term strategy of creating a captive global processing center for remotely handling banking and IT related operations of Mizuho Banks domestic and overseas offices and Mizuhos group companies across the globe.

At Mizuho we are committed to a culture that is driven by ethical values and supports diversity in all its forms for its talent pool. Direction of MGSs development is paved by its three key pillars, which are Mutual Respect, Discipline and Transparency, which are set as the baseline of every process and operation carried out at MGS.

Whats in it for you?

• Immense exposure and learning
• Excellent career growth
• Company of highly passionate leaders and mentors
• Ability to build things from scratch

Know more about MGS: -

https://www.mizuhogroup.com/asia-pacific/mizuho-global-services

Key Responsibilities

• 1. Scrutiny of outward remittance documents, direct import, Advance payments, Misc (A2) payments (Service, royalty, dividend)
• 2. Processing and authorising of foreign outward remittance transactions.
• 3. Ensuring compliance with RBI and FEMA regulations.
• 4. Handling of Vostro account entries.
• 5. Handling of Foreign bank charges
• 6. Handling IDPMS for closure and related queries.
• 7. Coordinating with other team members and stakeholders for smooth operations.
• 8. Should know new FEMA 2026 guidelines.

Required Skills

• 1. Should be well aware of document checking for direct, advance and Misc (A2) payments.
• 2. Proficiency in financial and remittance system like swift.
• 3. Knowledge of FX markets/rates, Swift messages ISO20022 payment pacs.008, pacs.009.
• 4. Knowledge of foreign exchange regulations and compliance from RBI and FEMA angle.
• 5. Well versed with Word and Excel (Vlookup/xlookup) and presentation skills.
• 6. Time management and organizational skills.
• 7. Good command over both spoken and written English.

Experience Level

7 to 10 years of experience in banking operations, preferably in cross border outward remittance.

Educational Qualification

Bachelor's degree in commerce, Bachelors/Masters of Accounting and Finance.

Thanks!