Global Wholesale Banking Operations comprises operations for Commercial and Corporate banking clients. These operations support the business across US, Asia Pacific, EMEA regions. GWBO functions include implementation and servicing of credit, depository and treasury products; processing of payments and processing of trade finance transactions.
Job Description
Individual will support Trade Operations team across all products including Letter of Credit, Collections, Open Account, Supply Chain Finance etc. He /She will be involved in day to day processing of transactions while ensuring adherence with Trade Guidelines (UCP 600, URR, URC etc) and Bank of America standards.
Responsibilities
- Monitor and ensure query resolution as per TAT
- Monitor mailbox and act accordingly without delay.
- Distribute work among the team on priority basis
- Support fellow team members on queries relating to process
- Verify all transactions
- Identify risk areas in the process and implement mitigation plans
- Escalate any process related ambiguities to the supervisors or manager for clarification
- Support the team manager in capturing performance related data and report MIS on a timely basis
- Identify and implement process improvements/best practices
Requirements
- Education : Graduate or MBA International Business/Finance
- Experience : 3-7 years
- Good Communication Skills (Verbal/Written)
- In-depth knowledge of letter of credit cycle and processes
- Knowledge of guidelines such as UCP, URR, ISBP, etc.
- Problem solving and Analytical skills
- Excellent interpersonal skills; positive attitude; team player; flexible
- Open to working in a 24/7 environment
Education
Graduation / Post Graduation - Preferably Commerce. No BTech
Certifications If Any : CDCS
Experience Range 3-7 Years
Foundational skills
- International Trade Finance / Letters of Credit
Desired skills
- Experience in Trade Finance
Work Timings 6.30 PM to 6.30 AM IST (Rotational)
Job Location Hyderabad
