CRISIL
Website:
crisil.com
Job details:
Trade Finance Operations – LC / Documentary Trade (Middle Office)
Role Overview
The role is responsible for supporting end-to-end processing of Documentary Trade transactions including Letters of Credit (LCs), Standby LCs (SBLCs), and Documentary Collections (DP/DA). The position will ensure accurate transaction processing, document checking, compliance adherence, and coordination with internal and external stakeholders.
Roles & Responsibilities
- Process issuance, amendment, and cancellation of Import and Export Letters of Credit (LCs)
- Support Standby LCs (SBLCs), including issuance, amendment tracking, and claim handling
- Handle Documentary Collections (Documents Against Payment – DP / Documents Against Acceptance – DA), including bill lodgement, acceptance tracking, and maturity monitoring
- Conduct first-level document checking against LC terms in line with UCP 600 / ISP98 guidelines; identify discrepancies and escalate appropriately
- Prepare and validate trade-related SWIFT messages (eg, MT700, MT707, MT760, MT400 series) as per approved instructions
- Coordinate with payments/treasury teams for settlement of LC and collection transactions
- Track contingent liabilities and monitor upcoming expiries and maturity dates
- Perform reconciliation of trade transactions with internal systems and General Ledger
- Maintain accurate transaction records, audit trails, and document archives
- Generate MIS reports on outstanding LCs, bills due, discrepancies, and transaction volumes
- Liaise with internal stakeholders, correspondent banks, and clients for transaction status updates and exception resolution
- Ensure adherence to internal controls, AML guidelines, sanctions screening processes, and regulatory requirements
Qualifications & Experience
- Bachelor’s degree in commerce, Finance, Banking, or a related field
- 3–8 years of hands-on experience in Import/Export LCs, SBLCs, and Documentary Collections (DP/DA)
- Working knowledge of UCP 600, URC 522, and ISP98 rules
- Familiarity with SWIFT MT message formats related to trade finance
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