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

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Kotak Mahindra Bank

14d ago

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

AI generated summary

  • You should have a Post Graduate or MBA in Finance, excel under pressure, adapt to change, and be capable of building and developing your team.
  • You will verify legal documents, maintain insurance policies, prepare disbursement advices, track post-disbursement conditions, manage file handover, liaise with auditors, and report MIS.

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 is the primary responsibility of an Operations Team Member in Trade Finance Operations?

The primary responsibility includes the verification of executed legal documents, updating the PSL for CCOD products, maintaining insurance policies, and preparing disbursement advice for loan maintenance.

What qualifications are required for this position?

A Post Graduate degree or MBA in Finance is required for this position.

What are the essential personality traits needed for this role?

The essential personality traits include the ability to perform under pressure, adaptability to changing business environments, and the capability to build and develop a team while being part of it.

Is there a focus on audit compliance in this role?

Yes, the role includes liaising with auditors and ensuring that there are no audit queries.

What type of reporting is required in this role?

Daily reporting, pending status, and insertions are part of the MIS requirements for this job.

Are there specific tasks related to post disbursement conditions?

Yes, tracking of post disbursement conditions related to Wholesale & Commercial operations in DRS is an essential task.

What actions are involved in the handover of files and documents?

The role involves handing over all documents (except Title Deeds) and separate dockets for Title Deeds to the DMT for further action, along with obtaining receipt acknowledgement.

How does the role handle issued limit loading instructions?

The Operations Team Member is responsible for sending limit loading instructions to the Treasury team for treasury products and to the CMS team for CMS products.

Is there an emphasis on teamwork in this position?

Yes, the ability to build and develop the team while being an active part of it is a crucial aspect of this role.

What are the key tasks associated with insurance policy maintenance?

The key tasks include maintaining insurance policies based on the terms of the sanction and providing information to the centralized insurance policy maintenance desk.

Kotak Mahindra Bank

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.