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Operations Team Member-WBG OPERATIONS (OPS)-Trade Finance Operations

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Legal
    Banking & Finance
  • Mumbai

AI generated summary

  • You should have a Post Graduate or MBA in Finance, thrive under pressure, adapt to change, and possess strong team-building skills.
  • You will verify legal documents, update PSLs, maintain insurance policies, prepare disbursement advice, track conditions, handover files, liaise with auditors, and manage daily MIS reporting.

Requirements

  • Post Graduate or MBA Finance
  • Ability to perform under pressure and stringent time lines.
  • Adaptable and open to get acquainted with changing business and operational environment.
  • Ability to build & develop the team while being part of it.

Responsibilities

  • Verification of executed legal documents as per Documentation Grid released by the legal team from time to time & Sanction Letter / Term Sheet issued by the business / credit team.
  • Updating of PSL for CCOD product basis the PSL template received from business along with TS / SL.
  • Insurance Policy Maintenance (basis terms of Sanction) - information to centralized insurance policy maintenance desk.
  • Preparation and releasing the Disbursement Advice to Loan Maintenance Team for disbursement of loans in LPS. Limit loading Instructions (LLI) to Treasury team for treasury products & CMS team for CMS products.
  • Insertions (documents received post disbursement).
  • Deferral Closures (post receipt of requisite document from Business Unit against deferral obtained).
  • Tracking of post disbursement conditions related to Wholesale & Commercial operations in DRS as “pre-approved”.
  • Handover of Files (All documents except Title Deeds) & Dockets (Title Deeds – Property wise i.e. for every property mortgaged separate docket is a must) including insertions to DMT for further action & receipt of acknowledgement in ET / Register (in case of non-ET transactions, if any).
  • Liaison with Auditors & Ensure no audit queries. MIS (Daily Reporting, Pending Status, Insertions).

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.

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.