Trade Mid Office Associate - Pune, India - HSBC

HSBC

Verified Company

Pune, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Some careers open more doors than others.

If you're looking to unlock new job opportunities, take a look at the possibilities right on your doorstep here at HSBC.

Global Trade and Receivables Finance comprises over 4,500 people across more than 60 countries, helping suppliers and buyers with their export and import finance needs.

Trade is where HSBC began in 1865, when we financed commerce between Europe, North America and Asia.

We are currently seeking an experienced professional to join the Commercial Banking - GTRF Guarantee team.

Principal Responsibilities -**- Scrutinizing all the GTE documents submitted for processing which include fresh issuance, extension, extend or pay, commission recovery and cancellation.

Liaising with clients for any clarifications on documentation.
MIS / Reporting for Internal /External teams.
Monitoring the Daily Action reports and ensure that no due date payment is missed out.
Follow up with Correspondent Bank for all the pending Commission for Inward Cross Border Desk.
Scrutinize the Nostro accounts on a daily basis on receiving inputs from FCD to check thoroughly all the entries originated by GTRF and resolve the differences on a timely basis by liaising with appropriate parties viz., banks, clients, counter parties of clients, etc.
The job holder also interfaces with Clerical staff in terms of getting transactions captured on the system. The incumbent is also tasked with observance of AML and Sanctions related as well as other Internal guidelines, besides being a familiar with the Indian Regulatory framework given that Guarantees are being issued to Beneficiaries outside India.
The job holder is also responsible for liaising with Concurrent Auditors, providing them with all relevant information and resolving their queries.
Balance all related Suspense accounts.
Respond to client queries promptly and ensure agreed TATs are met.
Ensure all internal/external reporting is done within deadlines.

Requirements

Bachelor of Commerce with MBA or CA with 2-3 years of experience in Credit Administration, Banking Operation preferably in Guarantee/Trade.

Useful Link

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HERE**You'll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count.

We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.