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

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Kotak Mahindra Bank

Jan 10

Applications are closed

  • Job
    Full-time
    Mid & Senior Level
  • Legal
    Banking & Finance
  • Chennai

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 main responsibility of the Operations Team Member in Trade Finance Operations?

The main responsibility is to verify executed legal documents, update PSL for CCOD products, maintain insurance policies, prepare and release disbursement advice, and handle various operational tasks related to loan management.

What qualifications are required for this position?

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

What qualities are desired in a candidate for the Operations Team Member role?

Desired qualities include the ability to perform under pressure, adaptability to changing environments, and the ability to build and develop a team.

Is there a specific focus on documentation in this role?

Yes, the role involves thorough verification of legal documents as per documentation grids, including tracking post-disbursement conditions and managing file handovers.

How does this position interact with other teams?

The Operations Team Member liaises with the legal team, business/credit team, centralized insurance desk, Treasury, CMS teams, and auditors to ensure smooth operational processes.

What are the reporting expectations for this role?

The role includes responsibilities for daily reporting, tracking pending statuses, and managing insertions, which require effective MIS skills.

Are there any specific tools or systems mentioned that the team member should be familiar with?

Yes, familiarity with the LPS for loan disbursement, DRS for tracking post-disbursement conditions, and ET/Register for file acknowledgments is important.

What is the work environment like for this position?

The work environment is dynamic and fast-paced, requiring individuals to adapt to changing business and operational environments.

What is the importance of auditing in this role?

Ensuring no audit queries arise is crucial, as it involves liaising with auditors and maintaining compliance with operational procedures.

Is team collaboration emphasized in this position?

Yes, building and developing the team while contributing as a team member is an important aspect of this role.

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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.

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