Forex Officer - Delhi, India - CSB Bank

CSB Bank

Verified Company

Delhi, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Forex OfficerMFT665

Retail Forex

CpcNew Delhi

Required Experience

Years

Posted On
14 Feb 2023

Basic Section
No. Of Openings

Grade

NA
Designation
Others
Closing Date
28 Feb 202 Organisational

Organisation

CSB Bank
Organization Unit
Treasury & Forex

Sub Org Unit

Retail Forex CPC

Sub Org Unit

Retail Forex

Sub Org Unit

Others

Sub Org Unit

Others

Sub Org Unit

Others

Sub Org Unit

Others
Branch/Department Code
37 Branch/Department Name
Retail Forex CPC
Country
India
Geographic Zone
North
State
Delhi
City
Delhi
Worksite
New Delhi
Worksite

Code

20 Skills

Skill

FOREIGN EXCHANGE

FOREIGN CURRENCY TRANSACTIONS
Minimum Qualification

GRADUATION

CERTIFICATION
No data available

Working Language

No data available

Job Description

Job Description:

Handling Forex Desk Operations
Processing of export, import and remittance documents as per foreign trade policy, FEMA/RBI/ICC guidelines, Bank's internal guidelines and other regulatory norms. Timely submission of returns and statements. Coordinating MFC bookings, Trade credits, LC/SBLC/FBG issuing etc. with branch & customer. Following up and appropriate escalating of pending customer requests including request for credit limits.

Audit & Compliance

Attending RBI/internal/concurrent/external auditors and rectification of observations if any as per the timeline stipulated. Conducting customer due diligence and transaction due diligence in all forex transactions. Timely completion of EDPMS/IDPMS entries in connection with respective trade transactions. Ensuring proper disposal of BRCs, duty drawbacks, interest subvention etc. to clients and timely collection of ECGC premium, TCS and other statutory dues from clients in all applicable cases.

Revenue Generation

Exploring new forex business opportunities. Acquiring NewtoBank (NTB) forex customers and retaining existing customer base. Paying visits to NRI customers as well as Exporters/Importers along with Branch Head / Sales Team. Driving marketing initiatives and ensuring FX turnover budgets are achieved.

Learning and Development

Keeping updated on AML/KYC/RBI guidelines and attaining growth by complying with regulatory guidelines. Making use of E-Learning course modules and completing the same within the timeline and passing other certification courses (preferably IIBF courses) pertaining to Forex and Trade Finance.