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Operations Team Member-SUPPORT SERVICES-Operations Solution Group

Applications are closed

  • Job
    Full-time
    Junior Level
  • Customer Relations
    Banking & Finance
  • Thane

Requirements

  • •Qualification – Graduate / Post-Graduate
  • •Experience – Minimum one year of relevant experience
  • Should be familiar with Trade Finance and CMS products. CMS – Chq collections (local, outstation, corr banks), Banker to Issue Operations.

Responsibilities

  • To handle day to day trade transactions, understanding client requirements,
  • Co-ordination with cpc for transaction processing and discrepancy resolution,
  • Dealing and co-ordinating with various business groups within the bank,
  • Ensuring error-free and timely execution of trade transactions.
  • Ensuring compliance and internal guidelines are being adhered to
  • Co-ordinating with clients /Corr Banks for getting the queries raised by Trade Finance / CMS
  • Operations resolved in a timely manner.
  • Issuance of Letter of credit.
  • Initial scrutiny of documents for Trade before sending the documents to CPC for further processing.
  • Attending to front-end requirements of corporate customers.
  • To co-ordinate with CPC / CMS / Clearing for all requirements of the customer and ensure that all deliverables are delivered / transactions processed as per the agreed TAT.

FAQs

What is the main responsibility of the Operations Team Member in Support Services?

The main responsibility is to handle day-to-day trade transactions, ensuring error-free and timely execution while coordinating with various business groups and clients.

What qualifications are required for this position?

A graduate or post-graduate qualification is required.

How much experience is necessary for this role?

A minimum of one year of relevant experience is required.

Are there specific products that the candidate should be familiar with?

Yes, candidates should be familiar with Trade Finance and CMS products, including cheque collections and operations related to issuing letters of credit.

What types of coordination will the Operations Team Member be involved in?

The team member will coordinate with the CPC for transaction processing, resolution of discrepancies, and with clients and correspondent banks for trade finance queries.

Is compliance important in this role?

Yes, ensuring compliance with internal guidelines and regulations is a critical aspect of the role.

What does TAT stand for in the context of this job?

TAT stands for Turnaround Time, referring to the agreed upon period within which transactions should be processed and deliverables provided.

Will the candidate be required to interact directly with customers?

Yes, the role involves attending to front-end requirements of corporate customers and ensuring their needs are met.

Is there a focus on document scrutiny in this position?

Yes, initial scrutiny of documents for Trade is required before forwarding them to the CPC for further processing.

What business unit will the Operations Team Member be working with?

The team member will be working in the Customer Service Desk within the CFO Center.

Finance
Industry
10,001+
Employees

Mission & Purpose

Kotak Mahindra Bank is a leading Indian financial services conglomerate that offers a wide range of banking and financial products, including personal, corporate, and investment banking services. They provide solutions such as loans, savings accounts, insurance, asset management, and wealth management. Kotak Mahindra Bank’s ultimate mission is to drive growth by delivering innovative and customer-centric financial services while maintaining the highest standards of integrity and professionalism. Their purpose is to empower individuals, businesses, and institutions by offering tailored financial solutions that enhance their financial well-being and support economic progress.

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