Job Description
Job Description:
Handling Forex Desk Operations - Processing of export, import and remittance documents as per foreign trade policy, FEMA/RBI/ICC guidelines, Bank's internal guidelines and other regulatory norms. Timely submission of returns and statements. Coordinating MFC bookings, Trade credits, LC/SBLC/FBG issuing etc. with branch & customer. Following up and appropriate escalating of pending customer requests including request for credit limits.
Building customer relationship Providing better service to customers and addressing their forex related queries. Providing market updates & views to customers. Extending support and guidance to C Category branches which are mapped to respective B Category branch. Supporting various business verticals in processing applications for Forex related credit limits.
Audit & Compliance - Attending RBI/internal/concurrent/external auditors and rectification of observations if any as per the timeline stipulated. Conducting customer due diligence and transaction due diligence in all forex transactions. Timely completion of EDPMS/IDPMS entries in connection with respective trade transactions. Ensuring proper disposal of BRCs, duty drawbacks, interest subvention etc. to clients and timely collection of ECGC premium, TCS and other statutory dues from clients in all applicable cases.
Revenue Generation Exploring new forex business opportunities. Acquiring New-to-Bank (NTB) forex customers and retaining existing customer base. Paying visits to NRI customers as well as Exporters/Importers along with Branch Head / Sales Team. Driving marketing initiatives and ensuring FX turnover budgets are achieved.
Learning and Development - Keeping updated on AML/KYC/RBI guidelines and attaining growth by complying with regulatory guidelines. Making use of E-Learning course modules and completing the same within the timeline and passing other certification courses (preferably IIBF courses) pertaining to Forex and Trade Finance
Handling Forex Desk Operations - Processing of export, import and remittance documents as per foreign trade policy, FEMA/RBI/ICC guidelines, Bank's internal guidelines and other regulatory norms. Timely submission of returns and statements. Coordinating MFC bookings, Trade credits, LC/SBLC/FBG issuing etc. with branch & customer. Following up and appropriate escalating of pending customer requests including request for credit limits.
Building customer relationship Providing better service to customers and addressing their forex related queries. Providing market updates & views to customers. Extending support and guidance to C Category branches which are mapped to respective B Category branch. Supporting various business verticals in processing applications for Forex related credit limits.
Audit & Compliance - Attending RBI/internal/concurrent/external auditors and rectification of observations if any as per the timeline stipulated. Conducting customer due diligence and transaction due diligence in all forex transactions. Timely completion of EDPMS/IDPMS entries in connection with respective trade transactions. Ensuring proper disposal of BRCs, duty drawbacks, interest subvention etc. to clients and timely collection of ECGC premium, TCS and other statutory dues from clients in all applicable cases.
Revenue Generation Exploring new forex business opportunities. Acquiring New-to-Bank (NTB) forex customers and retaining existing customer base. Paying visits to NRI customers as well as Exporters/Importers along with Branch Head / Sales Team. Driving marketing initiatives and ensuring FX turnover budgets are achieved.
Learning and Development - Keeping updated on AML/KYC/RBI guidelines and attaining growth by complying with regulatory guidelines. Making use of E-Learning course modules and completing the same within the timeline and passing other certification courses (preferably IIBF courses) pertaining to Forex and Trade Finance
💡 Quick Summary
Seeking a career-building opportunity? The Forex Officer position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
