Assistant Manager – Corporate Ops, LC LG Issuance

This is a fully remote position, open to applicants in India.

📋 Description

• Manage the processing of Letters of Credit, Guarantees, Amendments, Cancellations, Closures, Claims, and various other Trade Finance activities.

• Authorize transactions within the processing system.

• Execute transactions in line with SOPs/OPMs, UCP, ISBP, and ISP guidelines.

• Conduct sanction checks on relevant parties in the documentation.

• Oversee the handling of Commodity Trade Operations documentation.

• Enter and authorize transactions, as well as prepare and authorize pertinent SWIFT messages.

• Ensure accurate recovery of charges and prevent revenue loss.

• Maintain reconciliation of Nostro accounts and internal accounts.

• Manage customer expectations while working on automation projects.

• Participate in team meetings and collaborate to address issues.

• Work closely with the onshore unit to ensure smooth client service delivery.

• Effectively and promptly address audit observations.

• Ensure efficient processing, adherence to service standards, and provision of quality service.

• Act as a maker/authorizer for Import Letter of Guarantee issuances, amendments, cancellations, and similar stages for Standby Letters of Credit/Claims.

• Adhere to relevant manuals and procedures throughout transaction processing.

• Propose actions related to changes in laws, ICC rules, government regulations, and banking policies.

• Provide advice to commercial customers regarding Import, Export, and Guarantee Trade Finance transactions.

• Counsel the Product Development Team on Trade Finance activities in accordance with international practices, ICC publications, OPM, APPM, and local regulations.

• Ensure compliance of procedures with bank policies and guidelines.

• Review customer complaints and take immediate corrective action.

• Achieve Management by Objectives (MBOs) in a timely manner.

• Verify shipping documents prepared under Letters of Credit.

• Promptly process and validate FTC product transactions.

⛳️ Requirements

• Bachelor's Degree.

• Graduate with a comprehensive understanding of Trade Finance products and functions.

• Preferably hold CDCS certification.

• In-depth knowledge of Swift, Trade Finance, and Financial Operating Systems.

• General understanding of banking principles.

• A minimum of 9-12 years of relevant experience in Trade Operations.

• At least 4-5 years of experience in General Banking and Trade Finance.

• Expert-level understanding of Letters of Guarantee and Letters of Credit.

• Expert knowledge of accounting entries and User Acceptance Testing (UAT).

• Understanding of amortization principles.

• Strong communication and interpersonal skills.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health insurance.

• Opportunities for professional development and training.

• Flexible working hours and a supportive work environment.