Operations Authoriser TF ( Mumbai Fort)

Job Responsibilities(JR) : 6 8 Areas Actionable (4-6)

Direct Recourse under Letter of Credit :

• Generations of Business Object report on a daily basis. Follow up of Payment etc. v Follow up For Payment/Past Due Obligations from Letter of Credit Opening Bank. v To ensure that tracers (Acceptance/Payment) are properly sent. v Scrutiny of Bills. v Authorization of the bills inputted for all events. v Raising/Tracking for Exception approval. v To ensure that discrepancy message regarding documents, if any, is properly conveyed to the client. v Tracking of rate of interest/handling charges etc. approvals for discounting of Bills. v In case Acceptance received has single signature, Branch Visit Report (BVR) needs to be performed. v ( instead of BVR : necessary process note to be followed ) v Monitoring SMFS Acceptance v For physical acceptance, need to arrange/check for signature verification. ( instead of BVR : necessary process note to be followed )

Export

Collection/Discounting/Loans/L

iquidation – Authoriser : v Generation of Outstanding Bills report from related system (OBIEE) on weekly basis - for approval to be taken for outstanding bill as per Board Note. v Generation of Past Due Obligation Bills report from OBIEE system on daily basis. v Generation of Outstanding Loans Report from OBIEE system on daily Basis v Checking of Office of Foreign Assets Control list/Specially Designated Nationals list. v Monitoring of disposal as per mail received from Relationship Manager/Corporates/Service desk. v Preparation of Quality Initiative Group data on daily/monthly basis and provide to Central Processing Unit Trade Finance.

• Meetings to be held with client/Relationship Manager to educate them for reducing First Time Not Right cases. v Monitoring updation of inward messages in FCC received in inward tracker. v Half yearly Export Outstanding (XOS) reporting. v Monitoring of calculation of interest and refund of correct amount of interest at the time of booking and liquidation. v Updation and circulation of charges approval in Trade Stream and amongst team members. v Liaising with RBI for cases referred to them. v FRMS check for all the bills booked v FIRC utility check for all the bills booked wherein part funds received v EDPMS check for Shipping Bills v Fortnightly review of Bills booked in order to check MIS & other details related to the transactions booked. v Ensuring RBP check for ROI v Ensuring Subvention check for Interest Equalisation Schemes v Ensuring charges are taken as per requisite approval v Tracking of Inward Messages v Sending cases to RBI for approval.

Letter of Credit – Authoriser :

• Scrutinize Letter of Credit application. v Perform signature verification. v Ensure consistency of documents/clauses/details. v Check internal guidelines, FEMA regulations, Foreign Assets Control list/Specially Designated Nationals list, Harmonised System of Nomenclature Code. v Check Outstanding Post Due Obligations. v Check Credit Appraisal Memo for conditions. v Check Limits in system, if available. If not available, raise the request to concerned team i.e. Business Banking Operations, Credi