IDFC FIRST Bank | Senior Associate - Trade Finance Operations

Roles & responsibilities

• Job Purpose: The incumbent in this role should be having knowledge in Capital A/ C Products like ODI, FDI, ECB, LO / BO/ PO and regulaotry reporting associated with it.
• Ensuring adherence to guidelines pertaining to FDI transactions.
• Handling approvals of FCGPR / FCTRS etc. in the FIRMS application of RBI.
• Liaising with branches for discrepancy resolution, if any.
• Ensuring adherence to guidelines pertaining to ODI transactions.
• Manage and achieve satisfactory audit rating and error free operations.
• Maintaining MIS, reporting to stakeholders and follow-up for overdue.
• Timely processing meeting client expectations.
• Assist in transactional regulatory checks as required.
• Review of SOPs at frequent intervals and obtaining sign offs from concerned stakeholders.
• Identifying risks and ensuring that there exist adequate controls (automated / manual) to ensure compliance with applicable rules and regulations.

Requirements

• Should have a prior experience from an operations perspective.
• Ability to handle regulatory queries / reporting related requirements.

IDFC FIRST Bank Limited

IDFC FIRST Bank took its present form on 18 December 2018, when IDFC Bank and Capital First merged. IDFC Bank had been launched in November 2015 through a demerger from IDFC Limited, the infrastructure finance company set up in 1997, while Capital First brought a retail lending business built around consumers and small entrepreneurs. IDFC Limited, the former holding company, was itself merged into the bank with effect from 1 October 2024, leaving a simpler structure with no holding company and no promoter. Listed on the NSE and BSE, the bank has its corporate office at Bandra-Kurla Complex in Mumbai and its registered office in Chennai, and lends mainly to retail, rural and small-business customers.

Finance-side roles at the bank include credit managers for loans against property, rural branch lending and wholesale banking, trade finance operations staff, reconciliation and operational-risk work in wholesale banking, internal auditors (including gold-loan audit), due-diligence quality control and business finance analysis. Openings are spread over cities such as Mumbai, Navi Mumbai, Thane, New Delhi, Bengaluru, Hyderabad, Ahmedabad, Jaipur and Lucknow. Many postings accept a graduate or postgraduate in any discipline, often a B.Com, BMS or BBI, while several credit and finance roles ask for a CA or an MBA in Finance, or list CA, CFA or ICWA as preferred.

• Industry: Banking: retail, rural and MSME lending, deposits, wealth management, and wholesale and trade banking
• Headquarters: Mumbai, India (corporate office at Bandra-Kurla Complex); registered office in Chennai
• In India: IDFC FIRST Bank Limited, listed on the NSE and BSE, with its corporate office in Mumbai, its registered office in Chennai and branches across India