Job Description

Job Description

Title: Documentary Trade Operator

Location: Bangalore

Note:

  • Specific/ mandatory skills: Basic Trade Finance experience preferred
  • Open to consider fresher candidates (Yes/No): Yes
  • Shift timings:  Global shift
  • Work from Home at present (Yes/No):  Yes. Offices will start from March 22 onwards. So candidate should be willing to come to office.

Job Description Summary:

The Documentary Trade Analyst is accountable for the processing of requests and documents, received by the bank under a Letter of Credit or Documentary Collection or Guarantee/Standby Letter of Credit. They may process requests and documents such as:

  • Letters of Credit:  Issuance of Import Letters of Credit, Advising of Export Letters of Credit, Booking and Settlement of Export and Import bills under Letters of Credit
  • Documentary Collections: Verification of Collection documents, Booking and Settlement of Collection Export and Import Bills.
  • Guarantee or Standby Letters of Credit (SBLC) Expert: Vetting of Guarantee/ Standby Letter of Credit Text, Issuance, Advising, Scrutiny and Book-Off of Guarantees or Standby Letter of Credit.
  • This involves understanding the customers’/banks’ instructions relating to the Letter of Credit or Documentary Collection or Guarantee/Standby Letter of Credit and capturing the data from the documents into the trade finance processing platform.
  • They are also responsible for the mitigation of Operational and Regulatory risks observed during the verification or processing of Letters of Credit or Documentary Collections or Guarantees/ Standby Letter of Credit (SBLCs) and related documents, by providing control measures.
  • The Documentary Trade Analyst also manages internal stakeholders by adhering to agreed Service Level Agreements (SLAs) and manages customer requirements.

Justification:

  • Role - NCT in Trade Finance Ops via T & M
  • Risk - NA
  • Background (total need and tasks) - T & M hire as replacement. NOC India handles Trade Finance transactions for 19 countries. The trade finance market is very competitive and demanding. The TAT expected for most txns is 3 hours to same day delivery.
  • The regulatory requirements for this business are very high - team has to meet OFAC/EU sanction guidelines, conduct enhanced risk assessments (Transaction monitoring) and also adhere to
  • local regulatory requirements (MAS, HKMA, Reserve Bank of India etc.)
  • Metrics on key volumes -Average transactions are around 275k.
  • Regulatory background - NA
  • Client impact - This  position is extremely crucial to sustain delivery without any client impact, minimum SLA delays and no regulatory misses. The process is very manual and the services provided are bespoke. The client has a stringent TAT requirements, role requires extensive on the job training and has many complexities
  • Audit impact-Nil
  • The position is temporary."