Analyst
Location
Bengaluru, Karnataka, India
Work type
Onsite
Employment
Full Time
Experience
3-5 years
Compensation
Compensation not disclosed
Posted
2h ago
Summary and responsibilities
Role overview
Summary
The Analyst will be responsible for tracing, researching, reviewing, and auditing trade finance documents, payments, and letters of credit. This role involves identifying and escalating potential risks, reconciling fees, investigating customer inquiries, and ensuring compliance with various bank policies and regulatory agencies. The analyst will also support the processing of specialized trade finance transactions and assist with reporting and improving standard operating procedures.
The Analyst will be responsible for tracing, researching, reviewing, and auditing trade finance documents, outstanding payments, document examinations, discrepancy notifications, letters of credit renewals and maturity files, seeking assistance based on level of complexity.
Responsibilities:
Traces researches, reviews and audits trade finance documents, outstanding payments, document examinations, discrepancy notifications, letters of credit renewals and maturity files seeking assistance based on level of complexity.
Identifies and escalates potential risks associated with letters of credit transactions.
Reconciles and balances letters of credit fees, liabilities and posted items.
Investigates customer inquiries, adhering to established SLAs.
Understands and complies with bank policies, procedures and various regional government regulatory agencies including: [e.g., U.S. Department of Commerce Anti-Boycott Provision, U.S. Treasury Department Office of Foreign Assets Control Regulations, Bank Secrecy Act, Anti-Money Laundering, Patriot Act, and Sarbanes-Oxley, Uniform Customs and Practice (UCP), Uniform Rules of Collections (URC), International Standby Practices (ISP) and International Standard Banking Practice (ISBP)].
Produces reports and recognizes, understands and deciphers patterns.
Supports processing of specialized trade finance transactions such as letters of credit, amendments, acceptances and collections reimbursements.
Assists with the preparation and recording of issuances, amendments, negotiations and related trade finance correspondence for: standby and commercial letters of credit, documentary collections, bank-to-bank reimbursements, supply chain finance and dynamic discounting.
Assists with verification and disbursement of payments.
Adheres to export and import regulations as outlined by regional regulatory agencies.
Assists in tracking and improving standard operating procedures.
Education:
Degree or equivalent work experience equally preferable.
Degree in finance or other relevant field.
Work Experience:
Experience within a complex financial services environment providing support for trade finance servicing, structuring trade deals and supply chain finance.
Basic understanding of financial products, accounting principles and compliance regulations.
Functional Skills:
Awareness of relevant regional bank policies, procedures and government regulatory agencies.
Basic understanding of economic and political risks in international trade, e.g. exchange rate risk.
Working knowledge of commonly used trade financing reporting, reconciliation and audit mechanisms and tools.
Foundational Skills:
Communicates effectively.
Identifies multiple paths to success through the development of analytical, critical thinking, and decision-making skills.
Exercises sound judgement and strives for continuous improvement.
Demonstrates optimism, resilience, flexibility, and openness to others' ideas.
Learns while doing.
Actively listens and asks thoughtful questions.
Leverages available technology to achieve efficiency and results.
Engages inclusively and with intent.
Always acts with integrity.
Updated 2h ago
Candidate fit
Skills and qualifications
Additional skills
Experience
3-5 years
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
Compensation not disclosed
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
Context on the employer
Company snapshot
Company
Mitsubishi UFJ Financial Group (MUFG)
Team size
Growing team
Location
Bengaluru, Karnataka, India
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career. Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
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Analyst
Bengaluru, Karnataka, India • Full Time