WBO: TFC - Trade Specialist

Axis Bank

Mumbai, India

3-10 Years

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Posted 9 hours ago
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Job Description

WBO TFC - Trade Specialist
INTERNAL USAGE:
No. of Vacancies:	-	Reports to:	WBO: TFC -Portfolio Manager or WBO: TFC - Team Lead (NPH)
Is a Team leader	-	Team Size:	-

Grade:	DM/MGR/SM/AVP
Business:	WBO_TFO	Department:	TFC	Sub-Department:	-
Location:	Airoli/Hyderabad/Kolkata/Noida
About Department
The Transaction banking operations department helps in managing the transaction in the banks. Transaction Banking (TB) can be defined as the set of instruments and services that a bank offers 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 , Export Finance & BG, LC, Collections, Advance Remittances, Open Account Payments, Capital Account transactions, Trade outward Remittances and routing of SWIFT messages.
About Role
The Trade Finance Center is responsible for compliance of outward remittance, Inward Remittance and multi-currency card of PAN India branches. They are responsible for Processing and verification of Export/Outward and Inward Remittance/ Capital Account/Export Finance /FLC issuance and Bill/ FBG and others.
Key Responsibilities
Ensure Cost Control for the FY and manage operational loss Handle customer Complaints and ensure adherence to prescribed TAT for customer centric clear transactions (non rejection cases) Ensure Error-free compliance of transactions and processing of retail forex transactions as well as SWIFT payments Implement Automation of Processes Ensure Reduction in number of audit irregularities & timely rectification and prompt reconciliation of GL heads.
Qualifications
Optimal qualification for success on the job is: Graduate/ MBA preferred Additional Certificate course related to Banking sector 03 to 10 years of Work Experience
Role Proficiencies:
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