FAQs
What are the primary responsibilities of the Operations Team Member in Trade Finance Operations?
The primary responsibilities include verification of legal documents, updating PSL for CCOD products, maintaining insurance policies, preparing disbursement advice, submitting limit loading instructions, managing document insertions and deferral closures, tracking post-disbursement conditions, and liaising with auditors.
What qualifications are required for this position?
A Post Graduate or MBA in Finance is required for this position.
What personality traits are emphasized for this role?
The ideal candidate should be able to perform under pressure, be adaptable to changing environments, and possess the ability to build and develop team dynamics while being an active team member.
Is prior experience in Trade Finance Operations necessary for this role?
While specific prior experience in Trade Finance Operations is not explicitly required, relevant experience in operations or finance roles may be beneficial.
Will the Operations Team Member need to interact with auditors?
Yes, the Operations Team Member will need to liaise with auditors and ensure there are no audit queries.
How important is daily reporting in this role?
Daily reporting is a critical aspect of this role, including the preparation of MIS reports on pending statuses and insertions.
What software or systems will the Operations Team Member likely use?
The Operations Team Member will use systems such as LPS for loan disbursement and DRS for tracking post-disbursement conditions, among others.
Is there a preference for working in teams or independently for this position?
This position emphasizes teamwork, as the candidate will need to collaborate with various teams such as business, credit, treasury, and CMS teams.
What is the work environment like for this role?
The work environment may involve fast-paced tasks with stringent timelines, requiring adaptability and the ability to work under pressure.
Are there opportunities for professional development in this role?
Yes, there may be opportunities for professional development, including training in operational processes and finance-related skills.