Senior Associate - FTC Factoring Ops

• Entire process should be followed as per agreed Product Program, Process Notes, SOPs, OPM, CPM and ADMs.

• Ensure no product level understanding gaps specifically on Supply chain and Factoring products including Standard Wholesale Credit policies. 

• Ensure no errors while review of Credit Proposal & Agreements at the time of sanctioning disbursement against submitted drawdown request by client.

• Ensure no errors while recovering fees, charges, VAT, interest, profit, penalties and charity against any o/s exposure specifically pertain to Supply chain and Factoring loans & finances.

• Complete understanding of accounting standards and APPM to ensure no errors while accrual of income & charge components. 

• Ensure to have complete knowledge of SWIFT & UAEFT standards and ensure no errors while making SWIFT and UAEFTS payments. 

• Ensure to complete operating systems related UATs and highlighted related observations & defects promptly.

• Ensure timely & strong tracking of post disbursement credit terms and incase of any breach report immediately.     

• End to end coordination with relevant stakeholders for any exception & clarification till closure/resolution.

• Perform & Review daily reconciliation of all activities/process steps which have been recorded & updated in trackers and continuous follow-up for closure. Reconciliation status to be published daily to unit manage by highlighting the issues (if any).

• Ensure all banking accounts are balanced while reconciliation b/w multiple systems. 

• Develop a controlled platform/mechanism to ensure all activities are being performed timely and error free. 

• Ensure timely escalate to Manager if action items are being delayed/not responded within defined timelines.

• Ensure errors/knowledge gaps are shared with line manager/team to address customer service issues.

• Ensure to have complete knowledge of trade cycle and ensure no error or mistake while Compliance & EDD screening.

• Strong referral and follow up skills till completion of o/s task. 

• No revenue leakage due to miss out in charges collection

• No outstanding reconciliation entries pending in Nostro/Vostro or Internal accounts.

• Experience of handling new system UATs, defining requirements and relevant follow-ups.

• Ensure to have complete understanding of banking platforms like Flex (Oracle), ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle

Knowledge, Skills and Experience:

• Bachelor's Degree

• 4 - 7 years of relevant working experiences in Supply Chain Factoring, Corporate Credit & Trade Finance Operations.

• Experience of handling multiple system UATs, BRD preparations and meeting deadlines.

• Experience/Knowledge of handling multiple systems like CBS/Flex, ELCM, SWIFT, UAEFTS, EDMS, LLOYDs, FIRCO and SCF/IMX/Kastle. 

• Ability to learn new banking systems quickly and identify Gaps if any. 

• Experience of handling complex reconciliations between banking systems to ensure no failures while connectivity.

• Good knowledge of trade documents and trade cycle.

• Good experience in reviewing credit proposals and agreements.

• Experience of performing EDD & Compliance screening on submitted requests and Trade documents.