Head of Trade Operations

Job Details

Job Purpose

To assume overall responsibility to guide and manage the daily operations for the Trade Finance Operations – COD to maintain and ensure full control within the Trade Unit while identifying & implementing measures to mitigate operational risks in line with pertinent rules and regulations and bank’s internal policy to achieve improved controls and maximum efficiency

Key Responsibilities

Key Managerial Responsibilities:

To function as principal signatory of the department as per assigned level of Signatory for external as well as internal signing and for Operational authorizations.
To manage day-to-day operations of Trade Finance Operations and approve transactions within the delegated authorities to ensure accurate processing of Transactions as per agreed SLA.
To identify and propose action plans to Management on the department’s need for staffing, training, systems or logistic support etc. for maximizing the productivity.
To assist business and other departments by providing expert advice and counseling, where required.
To ensure confidentiality of Products, Processes and Procedures.

Key Technical Responsibilities:

Allocate and supervise the work and responsibilities among all the teams within the Trade Finance Operations.
Evaluate critically all high value transactions in coordination with Team Managers and Head of Department and any irregular, structured special transactions within the Trade Operations portfolio prior to processing to avoid any losses either to the bank or to the customer.
To ensure that all deals / transactions are carried out by teams in line with the approved limit and to ensure accuracy and completeness of support documents as per SOP.
To ensure and validate end-to-end process to be in place prior to authorizing the execution of transactions.
To ensure that records are maintained as per defined Policy / Procedure and verification is adhered to through Key Risk Indicators.
To ensure keeping management well informed and statutory reporting is adhered to the requirement and to ensure that all transactions are processed as per guidelines of SOP.
To ensure accuracy and completeness of Month End Reconciliation and Balancing of all related Suspense / GL / Nostro / Vostro Accounts etc., with records duly signed and properly maintained by the Trade Finance Operations.
To place controls for tracking Processing errors as well as rectifications done within the specified parameters.
To ensure AML / KYC / FRM / ORP checks are performed religiously wherever required, avoiding processing of any unusual, suspicious or illegitimate transaction.

To take up corrective measures for any sighted observation during audit of portfolio and ensure to eliminate chances of repetition of the same and to ensure investigation and resolution of complaints and improve / place controls to avoid any recurrence

Work Experience

Minimum 8 – 10 Years Banking Experience. Minimum of 5 years Managerial experience in the same discipline

Job Details

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