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

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

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 an Operations Team Member in Trade Finance Operations?

The main responsibility includes the verification of executed legal documents, updating the PSL for CCOD products, maintaining insurance policies, and preparing disbursement advice among other tasks.

What qualifications are required for this position?

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

What personality traits are valued for this role?

The ability to perform under pressure, adaptability to changing environments, and the ability to build and develop the team are valued traits for this role.

Is auditing a part of the Operations Team Member's responsibilities?

Yes, liaising with auditors and ensuring there are no audit queries is part of the responsibilities.

What types of documentation will I be handling as an Operations Team Member?

You will handle legal documents, disbursement advice, Limit Loading Instructions, deferral closures, and various files and dockets, including title deeds.

What tools or systems will I be using in this role?

You will use systems like LPS for loan disbursement processing and DRS for tracking post-disbursement conditions.

Is team collaboration important in this role?

Yes, the ability to build and develop the team while being part of it is crucial for success in this position.

Will I need to meet strict deadlines in this job?

Yes, the role requires the ability to perform under pressure and meet stringent timelines.

Are there opportunities for further training or development?

While not specified in the job description, roles in operations often provide opportunities for ongoing training and development in the finance sector.

Are the operations team members involved in loan disbursement processes?

Yes, operations team members prepare and release disbursement advice to the Loan Maintenance Team for loan disbursements.

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.