Senior Trade Finance Processor
National Bank of Kuwai
Total years of experience :17 years, 4 Months
Processing /Authorizing the Letter of Credit and Collection transactions (LC Issuance, Doc Checking, Payments, Negotiations, Documents send to Issuing Bank, Export Payment, After Getting Acceptance SWIFT msg Export Discounting,
Interacting with the key functionaries of companies/firms engaged in export/import of product and services assess their needs relating to International business.
Controlling inward / outward remittances, viz. Import Bills, Export Bills, Remittances and SWIFT Operations.
Managing administration of Pre-shipment Credit and Post shipment credit, inclusive of Issue and Administration of Foreign & Inland letters of credit with discounting inland bills.
Issuing of Delivery Order to customers in Letter of Credit Import product.
Treasury Management
Providing support to Treasury Functions by setting up counter party exposure limits for Banks of International Repute.
Providing information and support to Treasury Desk in counselling Clients in the areas of hedging foreign exchange exposures, structuring finances, FOREX risk management, etc., wherever required.
Helping Domestic and Global Treasury Department in Managing spot, forward and swap transactions and Forward Rate Agreements, Risk Management, ALM, etc.
Anti-Money Laundering
Investigating potential money laundering activities across transactions.
Compliance checking for all Trade Related products in World Check Compliance System
Checking the Import and Export Letter of Credit transactions in FIRCO SOFT a compliance checking system in RBS/ABN AMRO.
Knowledge in UN, US and EU compliance checks.
Coordinating with international, regional as well as local antimoney laundering organizations regarding compliance issues & regulatory initiatives.
Assuring that all KYC/AML/OFAC Documentation comply with Laws of relevant jurisdiction as well as DB Policies.
Processing all Trade Finance products like
IMP L/C EXP L/C IBC OBC GUARANTEES TR
UCP600, URR, URR ISBP
Major Projects Handled:
Client : HSBC
Modules :
Modules : Letter of Credit Operations and Funds Transfer (FT)
Roles and Responsibilities :
Analyzing the customer requirement and relating it to the Temenos T24.
Involved in UAT testing for Trade Finance in Temenos T24.
Significant Highlights:
Completing the work on time will save cost and time. So, the work to be done at most care with error free execution of projects.
Plan the work accordingly to execute the projects within time line.
Reading the BRD and Understanding the functionality will increase the chance of Going in line with requirements specified by clients.
Authorizing 100 Trade Payments (MT202) in a single day without any post autho errors
Processed Letter of Credit transactions and Trade Collection transactions in GTP (Global Trade Platform), letter of credit Payments, Acceptance, Refusal, D/O (Delivery Order), reimbursement authorization messages, Trade Collections transactions in GTP (Global Trade Platform), CHAPS (Clearing House Automated Payment System) for GBP payments, Trade Collection Payments, Acceptance.
Processing and Authorizing/Releasing Letter of Credit, Collection transactions without any financial loss to the bank
Reconciled account activities and general ledger entries related to payment activities in Trade Collections.
Managed Operations Team to ensure that payments are processed and reports are sent to the onshore Operations staff who owns the relationship with the business lines and external clients.
Identified the training needs and conducted training to enhance the performance levels.
Communicated on a regular basis with other managers and areas within both Indian and on time and as per set standards and suggested amendments to this reporting to meet current business demand as appropriate.
processing/authorizing both Letter of Credit and Collections products.(LC Issuance, Doc Checking, Payments, Negotiations)
Experienced in sending SWIFT messages (MT700, MT701, MT202, MT103, MT756, MT754, MT734, etc., ) and exposure in UCP600, eUCP, URC, URR, ISBP and ISB98, URDG 758 related articles.
Seeking assignments in Trade Finance /Import LC and Export LC/Standby LC/LC Issuance and LC Advising/Import and Export Payments/Export Discounting and Import TR Discounting/Import and Export Collections (IBC & OBC)/Guarantee Issuance and Amendment/Guarantee Advising/Guarantee Doc Checking/Guarantee payment demand at Counter-Guarantor /Payment with a leading organisation, preferably in Banking sector.
Processing /Authorizing the Letter of Credit and Collection transactions (LC Issuance, Doc Checking, Payments, Negotiations, TR loans for Import Documents, Issuing Delivery Order- DO for Import Customers, EXPORT LC & Amendment Advising, Documents Processing and sending to Issuing Bank, Advising Acceptance and Refusal messages to the customer, Export Discounting, Payment, )
TR Avalisation for Promissory notes, Handling IBC and OBC collections (Receving OBC Docs and send it to the collecting Bank, IBC Payments )
Categorizing Exposure Limits as per Trade Finance, FOREX and allocating limits to Treasury and other user offices.
Processing Credit Applications with the help of historical financial analysis and projections, Industry Analysis, Covenant Monitoring, Documentation Compliance and Basic Information Report (BIR).
Clearing Trade Skill Assessment Test Level I and II and getting certificates.
BRAVO "Well done" award for Authorizing/Processing huge no of volumes in Letter of Credit and Collections product.
Capable of training the new joinees in the bank.
Resolved many complex issues and received appreciation from offshore staff.
Applauded for greater level of efficiency in meeting the set deadlines.
Maintained accuracy and Business As Usual (BAU) even during shortage of staffs and was appreciated.
Highly appreciated for being a good and competitive team player in resolving various issues.
Delivered training to all the staff members in relation to the Business.
Whenever huge volumes of transactions are expected allocate the resources to attack the Volumes such that priority transactions should go first.
Maturity transactions can be processed and released at the early hours of the day to avoid any delay.
Discounting transactions are processed and released at correct interest rates before currency cut off time.
Nominee for ACES Employer of the Month.
courses: Received internal training on Letters of Credit, Trade Collections, Reimbursements,UCP600,URR,ISBP etc. Advanced Trade Finance , Documents Checking and Guarantees Training in Emirates Institute of Banking and Financial Services (EIBFS
courses: Received internal training on Letters of Credit, Trade Collections, Reimbursements,UCP600,URR,ISBP etc. Advanced Trade Finance , Documents Checking and Guarantees Training in Emirates Institute of Banking and Financial Services (EIBFS