IDFC FIRST Bank | Senior Specialist - Trade Finance Operations

Roles & responsibilities

• The incumbent is responsible for the following activities and should have knowledge of one or more Trade Finance Products.
• Responsible for transaction processing involving document scrutiny, checking / reviewing and authorization of transactions in line with Standard Operating Procedures, RBI guidelines.
• Ensuring processing in line with Internal Standard Operating Procedures (SOPs).
• Ensure processing within TATs as prescribed and ensure error free processing. Timely reporting of errors if any.
• Ensure adequate and efficient processing pertaining to various client segments, resolving queries if any on timely basis.
• Handling of internal reconciliations – office accounts and nostro reconciliations as and when applicable.
• Operating within the delegation of authority

Requirements

• Experience in either of the desks – LC / BG issuances, Document Checking, Inland Bill Discounting, Exports, Import Remittances, A2 Remittances, Inward Remittances.
• Knowledge and awareness on Trade Based Money Laundering and highlight such cases at the time of turn processing.
• Graduation: Bachelor’s degree any relevant stream.
• Experience: 05 to 08 years of relevant experience.
• Knowledge of MIS, Data Entry

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